Some economists believe the austerity measures detailed by government in the Budget will boost confidence in public finances.
The three main ratings agencies Fitch, S&P and Moody's have responded positively to this year's budget proposal tabled by Finance Minister Malusi Gigaba in Parliament on Wednesday.
Are you ready to create fresh innovations for Africa? This was the question posed to entrepreneurs and businesses at the first ever Innovation Master Class conference hosted by Product of the Year in Sandton this Thursday morning.
Striking workers at the Gupta-owned Optimum Coal mine hand over a memorandum of grievances to management.
Cosatu provincial secretary, Tony Ehrenreich, says they welcome the first budget announcement by the new finance minister however the budget was uninspiring in relation to the inspirational message the President gave.
Concerns have been expressed about the impact of the latest Value Added Tax increase, and fuel levy on the poor and the working class.
There have been mixed reactions to Finance Minister Malusi Gigaba's budget speech with some citing concerns over the increase in VAT and taxes on alcohol and tobacco
Director of Strategy at Business Leadership South Africa (BLSA) Sizwe Mbele says the country is making positive strides towards promoting the economic advancement of black people. Finance Minister Malusi Gigaba delivered his Budget Speech on Wednesday in Parliament, and cited urban renewal and spatial transformation as key factors in driving inclusive growth. Gigaba has further […]
Big companies around Cape Town have demonstrated their willingness to comply with regulations aimed at saving water following the worst drought in the Western Cape in the past century.
Analysts say government's commitment to fund fee-free higher education through the new tax proposals and spending reduction is a positive move but may not be sustainable as the costs may exceed their projections.
[Watch] Finance minister Malusi Gigaba explained how the increase of VAT will benefit the country in the long run.
Finance Minister Malusi Gigaba delivered his maiden budget speech in Parliament after less than a year in the job, tabling some bold proposals to make up for a R48.2 billion shortfall in revenue collection and to fund, among others, free higher education for a bigger cohort of poor students at universities and technical and vocational education training colleges.
The Budget 2018 speech has been delivered on Wednesday by Finance Minister Malusi Gigaba. Do you know how much of your work day is spent paying taxes? Use OpenUp’s Tax Clock tool to find out how many hours you spend on government services and where your money may be going. Note: Approximations are based on […]
Government has promised to rein in State -Owned Enterprises (SOEs). Delivering his 2018 Budget in Parliament, Finance Minister Malusi Gigaba says they expect SOEs to fund their own operations. In 2017, the minister said he was concerned with the high debt levels of several State-Owned companies which were cash strapped. The minister has warned that […]
Government has set aside R6 billion in its 2018/19 for drought relief.
South African consumers will from April 1 be paying a little bit more at the tills for their goods and services.
The Nelson Mandela Bay Metro has embarked on a jobs drive to assist unemployed graduates.
A decrease in consumer price inflation spells good news for South African consumers who will pay a little less on their goods and services.
Treasury's Director-General Dondo Mogajane says although South Africa has a new president, he has always been involved in the budget process from day one because the Treasury would go to the cabinet at various intervals to present the fiscal framework and he was part of the cabinet fiscal committee.
Head of advocacy at Public Service Accountability Monitor and the lead co-ordinator for Imali Yethu Zukiswa Kota says the idea of the Imali Yethu initiative being launched around the budget speech is to put the focus around this project with the ideas that it is still yet to grow.
Finance minister Malusi Gigaba will deliver the national budget speech in Cape Town on Wednesday afternoon.
Political parties in Parliament expect Finance Minister Malusi Gigaba to strike a delicate balancing act between government's spending priorities and the burgeoning budget deficit.
The rand is trading slightly weaker at R11.73 to the dollar; R16.38 to the pound sterling, and R14.49 to the euro. The euro is trading at $1.23, the dollar is at 107.16 Japanese yen, the Chinese yuan is at R1.84, and in India one rand is worth five-rupees-51. In Nigeria, one dollar is trading at […]
On 21 February 2018, Finance Minister Malusi Gigaba will present the Budget Speech in Parliament at 2PM. This is expected to be one of the highly watched and closely monitored Budget Speeches as South Africa is struggling with economic growth, credit ratings downgrade, unemployment, widening Debt to GDP (Gross Domestic Product), Budget Shortfall, and commitment […]
AN OPINION EXPECTATIONS AHEAD OF THE 2018 BUDGET SPEECH The change in the South African political land scape has built up a fresh hope in the minds of most South Africans. It is even most satisfying to note that the transition went on very smoothly without any iota of complications. This development created a sense […]
While markets have welcomed a Ramaphosa presidency, all eyes will be on Finance Minister Malusi Gigaba as he tables his budget this week. With a R50.8 billion tax shortage, analysts say South African may need to brace themselves to pay more on their shopping in the form of Value Added Tax. Tax Leader at Ernst […]
The Democratic Alliance (DA) has outlined its expectations ahead of Wednesday's Medium-Term Budget speech.
The Finance Minister’s Budget Speech for 2018/9 will outline the country’s economic growth strategy for the year to come. Small & Medium Businesses, feeling the pressure of a tight economy, will be hoping to see initiatives from government to support entrepreneurs and enable enterprises to thrive. Here are a few of the issues keeping Small […]
Rob Cooper, (tax expert and Director of Legislation at Sage), comments about what he expects to be discussed in the Budget Speech. Opening remarks: Rob’s opening remarks: “In this year’s Budget, I’d like to see a number of things: I would like to see attention being focused on travel allowances, and taking the process of […]
High political drama in the opening weeks of Parliament aside, most South African business and personal taxpayers are expecting tax hikes across the board from the Finance Minister’s Budget Speech on 21 February. Government already faces a yawning budget deficit, aggravated by the need to find billions of rand to fund a new and unbudgeted-for […]