|
Johannes De Villiers Graaff
Johannes de Villiers Graaff (also known as Jan de Van Graaff or Jannie Graaff) (19 February 1928 – 6 January 2015) was a neoclassical South African welfare economist. Graaff is noted for his work on optimal savings rates, contributions to the creation of the social welfare function and for his 1957 magnum opus ''Theoretical Welfare Economics''. Family and early life Graaff was born in Muizenberg on 19 February 1928 into a wealthy Cape Town Afrikaans family. He was the youngest of Sir David Graaff, 1st Baronet's three children, his eldest brother was Sir De Villiers Graaff, 2nd Baronet. At the age of fifteen he matriculated from Diocesan College with the second highest marks in South Africa. In 1951 he married Lillian Clare Thomson, daughter of Sir George Paget Thomson, and had six children with her. Quoted from: (S37) Charles Mosley, edi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welfare Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. Attempting to apply the principles of welfare economics gives rise to the field of public economics, the study of how government might intervene to improve social welfare. Welfare economics also provides the theoretical foundations for particular instruments of public economics, including cost–benefit analysis, while the combination of welfare economics and insights from behavioral economics has led to the creation of a new subfield, behavioral welfare economics. The field of welfare economics is associated with two fundamental theorems. The first states that given certain assumptions, competitive markets produce ( Pareto) efficient outcomes; it captures the logic of Adam Smith's invisible hand. The second states that given further restrictions, any Pareto efficient outcome can be supported as a competitive market equilibrium. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Koue Bokkeveld
The Koue Bokkeveld, meaning "Cold Buck Shrubland" in Afrikaans, is a mountain range in the Western Cape Province, South Africa. Geologically the range is composed of Cedarberg Sandstone of the Cape System. Location and extent It is located above Prince Alfred Hamlet, north of Ceres, and south and east of Citrusdal. The range runs in a WNW-ESE direction with a tall escarpment on its southern and southwestern side. Elevations of the range are an average of 1,600 m and there is often snow in winter. These heights are one of the coldest places in the Western Cape in winter. Drainage The Koue Bokkeveld falls within the Olifants/Doring system and the Doring River has its sources in this range, contributing substantially to the flow of the Olifants catchment area. Ecology The flora of the Koue Bokkeveld is similar to the Cedarberg flora, with mountain fynbos at high altitudes, Karoo vegetation on the lower slopes and patches of Mountain cypress. Plants such as the oil bract conebu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milnerton
Milnerton is a seaside suburb on Table Bay and is located north of central Cape Town in South Africa. It is located 11 kilometres to the north of the city's centre. Suburbs Suburbs/neighbourhoods of the greater Milnerton area include: * Bothasig * Brooklyn * Century City * Edgemead * Joe Slovo Park * Lagoon Beach * Marconi Beam * Metro Industrial Township * Milnerton Ridge * Montague Gardens * Monte Vista * Paarden Eiland * Phoenix * Plattekloof Glen * Rugby * Sanddrift * Summer Greens * Sunset Beach * Sunset Links * Tijgerhof * Woodbridge Island Milnerton lagoon One of the most identifiable features of Milnerton is its lagoon, formed where the Diep River enters the sea, with palm trees adorning the lagoon banks. Woodbridge Island Woodbridge Island is not actually an island, but rather the area south of Milnerton Golf Club on the peninsula separating the lagoon from the ocean. Two bridges join Woodbridge Island to the mainland of Milnerton proper. The wooden bridge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parklands, Cape Town
Parklands is a suburb of Cape Town, South Africa. It is near Blouberg, bordered by Tableview, Cape Town and is part of the Western Seaboard residential district. Parklands is one of the fastest-growing residential developments in the Western Cape The Western Cape is a province of South Africa, situated on the south-western coast of the country. It is the fourth largest of the nine provinces with an area of , and the third most populous, with an estimated 7 million inhabitants in 2020 .... It is characterised by lower-density suburban areas and higher-density apartment block areas; the latter are largely inhabited by African diaspora residents. References {{Authority control Suburbs of Cape Town ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Development
Urban means "related to a city". In that sense, the term may refer to: * Urban area, geographical area distinct from rural areas * Urban culture, the culture of towns and cities Urban may also refer to: General * Urban (name), a list of people with the given name or surname * ''Urban'' (newspaper), a Danish free daily newspaper * Urban contemporary music, a radio music format * Urban Outfitters, an American multinational lifestyle retail corporation * Urban Records, a German record label owned by Universal Music Group Place names in the United States * Urban, South Dakota, a ghost town * Urban, Washington, an unincorporated community See also * Pope Urban (other) Pope Urban may refer to one of several popes of the Catholic denomination: *Pope Urban I, pope c. 222–230, a Saint * Pope Urban II, pope 1088–1099, the Blessed Pope Urban *Pope Urban III, pope 1185–1187 *Pope Urban IV, pope 1261–1264 *Pope ..., the name of several popes of the Catholic Church * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is delivered to high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Revenue Service
The South African Revenue Service (SARS) is the revenue service of the South African government. It administers the country's tax system and customs service, and enforces compliance with related legislation. It is governed by the SARS Act 34 of 1997, which established it as "an organ of state within the public administration, but as an institution outside the public service." It thus has a significant degree of administrative autonomy, although it is under the policy control of the Minister of Finance. Effectively, SARS manages, administrates, and implements the tax regime as designed by the Minister and National Treasury. SARS was established in 1997 by a merger of the customs and inland revenue departments, at the recommendation of the Katz Commission, which had been instituted to review the South African tax system for the post-apartheid era. In subsequent years, under the leadership of Pravin Gordhan, SARS gained a reputation for effectiveness. However, between 2014 and 2018, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indirect Tax
An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax collecting authority does not suffer a corresponding reduction in income, i.e., impact and tax incidence are not on the same entity meaning that tax can be shifted or passed on, then the tax is indirect. An indirect tax is collected by an intermediary (such as a retail store) from the person (such as the consumer) who pays the tax included in the price of a purchased good. The intermediary later files a tax return and forwards the tax proceeds to government with the return. In this sense, the term indirect tax is contrasted with a direct tax, which is collected directly by government from the persons (legal or natu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Vorster
Balthazar Johannes "B. J." Vorster (; also known as John Vorster; 13 December 1915 – 10 September 1983) was a South African apartheid politician who served as the prime minister of South Africa from 1966 to 1978 and the fourth state president of South Africa from 1978 to 1979. Known as B. J. Vorster during much of his career, he came to prefer the anglicized name John in the 1970s. Vorster strongly adhered to his country's policy of apartheid, overseeing (as Minister of Justice) the Rivonia Trial, in which Nelson Mandela was sentenced to life imprisonment for sabotage, (as Prime Minister) the Terrorism Act, the complete abolition of non-white political representation, the Soweto Riots and the Steve Biko crisis. He conducted a more pragmatic foreign policy than his predecessors, in an effort to improve relations between the white minority government and South Africa's neighbours, particularly after the break-up of the Portuguese colonial empire. Shortly after the 1978 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pareto Efficiency
Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off. The concept is named after Vilfredo Pareto (1848–1923), Italian civil engineer and economist, who used the concept in his studies of economic efficiency and income distribution. The following three concepts are closely related: * Given an initial situation, a Pareto improvement is a new situation where some agents will gain, and no agents will lose. * A situation is called Pareto-dominated if there exists a possible Pareto improvement. * A situation is called Pareto-optimal or Pareto-efficient if no change could lead to improved satisfaction for some agent without some other agent losing or, equivalently, if there is no scope for further Pareto improvement. The Pareto front (also called Pareto frontier or Pareto set) is the set of all Pareto-efficient situations. Pareto originally used the word "optimal" for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Income
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost). All are specially concerned with counting the total amount of goods and services produced within the economy and by various sectors. The boundary is usually defined by geography or citizenship, and it is also defined as the total income of the nation and also restrict the goods and services that are counted. For instance, some measures count only goods & services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by ''imputing'' monetary values to them. National accounts Arriving at a figure for the total production of goods and services in a large region like a country entails a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
