US set to give Huawei another 90 days to buy from American suppliers – sources

17 August 2019, 8:19 PM
The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
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Economists believe Budget will boost confidence in public finances 22 February 2018, 9:31 PM

Some economists believe the austerity measures detailed by government in the Budget will boost confidence in public finances.

Rating agencies respond positively to Budget Speech 22 February 2018, 3:12 PM

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.

Innovation Master Class highlights some trends to watch out for 22 February 2018, 2:28 PM

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.

coal mine
Gupta Optimum’s mine workers want answers 22 February 2018, 11:17 AM

Striking workers at the Gupta-owned Optimum Coal mine hand over a memorandum of grievances to management.

Tony Ehrenreich
Raising VAT will not help the poor: Ehrenreich 22 February 2018, 9:29 AM

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.

SA Finance Minister, Malusi Gigaba
Unions concerned about VAT increases 22 February 2018, 8:01 AM

Concerns have been expressed about the impact of the latest Value Added Tax increase, and fuel levy on the poor and the working class.

SA businesses react to Budget Speech 21 February 2018, 9:58 PM

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

Govt makes strides towards empowering black people 21 February 2018, 8:07 PM

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 […]

Business sector in WC urged to explain water saving programmes 21 February 2018, 7:20 PM

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 question sustainability of fee-free higher education 21 February 2018, 6:52 PM

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.

Gigaba explains the “positive” side of VAT increase 21 February 2018, 4:30 PM

[Watch] Finance minister Malusi Gigaba explained how the increase of VAT will benefit the country in the long run.

Highlights of 2018 Budget 21 February 2018, 4:12 PM

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 will be delivered on Wednesday, 21 February.
Budget 2018 tax clock: Check how much you pay every day 21 February 2018, 4:04 PM

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 […]

Govt to rein in State-Owned Enterprises 21 February 2018, 3:57 PM

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 […]

R6 billion allocated to drought relief 21 February 2018, 3:37 PM

Government has set aside R6 billion in its 2018/19 for drought relief.

SA consumers to fork out more at tills, Gigaba hikes VAT by 1% 21 February 2018, 3:08 PM

South African consumers will from April 1 be paying a little bit more at the tills for their goods and services. 

Nelson Mandela Metro on a jobs drive to assist graduates 21 February 2018, 2:54 PM

The Nelson Mandela Bay Metro has embarked on a jobs drive to assist unemployed graduates.

Decrease in consumer price inflation 21 February 2018, 11:45 AM

A decrease in consumer price inflation spells good news for South African consumers who will pay a little less on their goods and services.  

Ratings agencies to closely monitor Budget speech 21 February 2018, 11:00 AM

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.

Imali Yethu initiative will create transparency between society and treasury 21 February 2018, 8:41 AM

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.

Gigaba to deliver budget speech on Wednesday 21 February 2018, 6:03 AM

Finance minister Malusi Gigaba will deliver the national budget speech in Cape Town on Wednesday afternoon.

Political parties concerned about possible tax increases 20 February 2018, 9:25 PM

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.

Economic update ahead of Budget Speech 20 February 2018, 4:08 PM

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 […]

Graphic highlights key issues expected in Budget Speech 20 February 2018, 4:03 PM

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 […]

Expectations ahead of the #2018Budget 20 February 2018, 3:25 PM

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 […]

2018 Budget will demand a fine balancing act from Gigaba 20 February 2018, 3:23 PM

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 […]

DA calls for privatisation of SOEs ahead of budget speech 20 February 2018, 2:49 PM

The Democratic Alliance (DA) has outlined its expectations ahead of Wednesday's Medium-Term Budget speech.

#Budget2018: The small biz wish list 20 February 2018, 2:45 PM

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 […]

What must be discussed in the Budget Speech 20 February 2018, 2:31 PM

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 […]

#Budget2018: 3 Key tax areas to look out for in the Speech 20 February 2018, 2:21 PM

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 […]