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Year end message

Posted by: Ibay | Posted on: December 15th, 2015 | 0 Comments

South Africans are reeling at the host of negative economic circumstances that have occurred this year. To mention a few, there is the slowdown in Chinas economy that has depressed commodity prices, the lowering of estimates of our own GDP growth, the reduction in our credit rating with the fear that we may be rated down to junk status, the percentage of borrowings to GDP, and the continued high level of corruption.

On top of all this is the drop in the rand against all major currencies and the quickening of this due to the shock of the changes of finance ministers without explanation and the anticipation of a further fall when America increases its interest rates.

The financial world here is in turmoil with the only advice suddenly being to get out of the rand and into another currency such as the dollar.

A further aspect of great concern is reading opinions saying that our tax revenue is starting to be undermined and naturally the consequences of this.

We, however, have great belief and faith in the resilience of our clients. Confident that they will make the correct decisions to ride out the storms, to innovate and ultimately to emerge stronger.

We at Wilder Lockitch, with our range of competencies, are ready to assist our clients whenever necessary when asked to do so.

Our office will close for the holidays on Friday, 18 December ’15 at 12h00 and will re-open on Monday, 11 January ’16.

With that we wish all Happy Holidays, Merry Christmas and a wonderful festive season.