Government working with organised labour to achieve a fair wage settlement

25 February 2021, 3:25 AM
Minister for the Department of Public Service and Administration, Senzo Mchunu, is working with various partners in organised labour to achieve a fair public-sector compensation dispensation when negotiating on a new multi-year wage settlement that would begin later this year.
LIVE: Mboweni briefs joint sitting of Finance and Appropriations committees 25 February 2021, 12:40 PM

The Finance Minister Tito Mboweni briefs the joint sitting of the committees on Finance and appropriations, following his 2021 budget speech on Wednesday afternoon.

‘SARS faced with difficult task of rebuilding ability to improve revenue collection’ 25 February 2021, 9:58 AM

The South African Revenue Service (SARS) says it is faced with a difficult task to repriotise its needs and rebuild its ability to improve its revenue collection.

There’s reason for optimism: Mboweni 25 February 2021, 8:31 AM

Finance Minister Tito Mboweni says there is reason for optimism as the country's economy is forecast to grow in the next few years.

‘Treasury buying into the idea of sin taxes changing consumer behaviour’ 25 February 2021, 7:57 AM

The University of Cape Town's (UCT) School of Economics Professor, Corne Van Walbeek, says Treasury is slowly buying into the idea that you can change consumer behaviour by increasing sin taxes.

Government plans to put in place a no-fault COVID-19 campaign fund 25 February 2021, 5:48 AM

The government plans to put in a place a no-fault campaign fund to cover claims linked to COVID-19 inoculations. Finance Minister Tito Mboweni announced the plans when he delivered his budget statement in Parliament on Wednesday.

Mboweni tables R2.2 trillion budget, R300 billion less than last year 24 February 2021, 9:54 PM

Finance Minister Tito Mboweni has tabled a massive 2. 2 trillion rand budget for the year 2021.

Busa welcomes corporate tax cuts 24 February 2021, 9:32 PM

Business Unity South Africa (Busa) has welcomed Finance Minister Tito Mboweni Budget Speech.

Government employees to receive marginal salary increment 24 February 2021, 8:42 PM

Government employees will only receive marginal salary increases from the government over the next three years.

R10 billion allocated to fight COVID-19 in South Africa 24 February 2021, 8:40 PM

The government will roll out a free mass COVID-19 vaccination campaign for which money has been allocated in the medium term.

Education gets lion’s share of the budget 24 February 2021, 6:45 PM

The Department of Social Development gets the second biggest slice of the cake with R335 billion this year.

Mboweni announces slight increase in social grants 24 February 2021, 5:42 PM

Social grants have been increased by below inflation rates of between 1 and 3.4% from April 1.

Political parties react to 2021 Budget Speech 24 February 2021, 5:12 PM

Political parties reacted to Finance Minister Tito Mboweni's budget speech on Wednesday. Mboweni did not announce any major new tax proposals.

SARS welcomes Mboweni’s 2021 Budget 24 February 2021, 4:03 PM

The South African Revenue Service (SARS) has welcomed Minister of Finance Tito Mboweni's 2021 Budget Review presentation in Parliament on Wednesday.

Rand gains 1% after Minister Mboweni’s budget speech 24 February 2021, 3:39 PM

The rand has gained one percent after Finance Minister Tito Mboweni made his budget speech on Wednesday.

Government will not introduce any tax increase: Mboweni 24 February 2021, 2:43 PM

Finance Minister Tito Mboweni says government will not introduce any tax increases this year mainly due to a higher tax collection estimate of nearly an R100-billion from the previous financial year. 

Economists hopeful for tax relief for struggling consumers 24 February 2021, 2:12 PM

Economists hope the budget will provide tax relief for cash-strapped consumers.  

VIDEO: Budget 2021 delivered by Minister of Finance Tito Mboweni 24 February 2021, 2:01 PM

Finance Minister Tito Mboweni tables the national budget on Wednesday afternoon. His budget is overshadowed by a weak economy, an escalating debt to GDP ratio and a shockingly high unemployment rate in the wake of a COVID-19 pandemic.

Mboweni must allocate adequate funds to ensure all service delivery targets are met 24 February 2021, 12:50 PM

Finance minister Tito Mboweni, must ensure that his budget not only deals with the unprecedented emergency brought about by COVID-19 but also ensures that the delivery of basic human rights, as per the country’s constitution, remains a priority , writes Shenilla Mohamed – Executive Director, Amnesty International South Africa

Mboweni expected to show government commitment to reduce large fiscal deficit 24 February 2021, 12:47 PM

Finance Minister Tito Mboweni's budget speech on Wednesday afternoon is expected to show government's commitment to reducing large fiscal deficit and debt levels.

Cosatu hopes Mboweni will give more focus to COVID-19 challenges 24 February 2021, 11:17 AM

Finance Minister Tito Mboweni may have a little more room to manoeuvre this year in his budget speech amid reports that tax revenues are surprisingly on the upside, despite the coronavirus pandemic.

‘Goverment’s weaknesses exposed; time for leader to do right’ 24 February 2021, 9:48 AM

Government must invest in reliable food access and distribution partnerships, involving civil society organizations and private sector to speed up the process of reaching millions of hungry South Africans write Mthandazo Ndlovu Hlahla,  Governance and Strategic Alliances Programme Manager  Oxfam South Africa

SAFTU to stage protests outside Parliament 24 February 2021, 9:12 AM

The South Africa Federation of Trade Unions (SAFTU) is on Wednesday expected to stage protests outside Parliament and across the country over increasing unemployment and economic instability.

DA to oppose any SOE funding in Mboweni’s budget speech 24 February 2021, 7:59 AM

The Democratic Alliance (DA) says it will strongly oppose any funding of the financial cash-strapped state-owned entities in Finance Minister Tito Mboweni's budget speech on Wednesday afternoon.

Tax revenue collections may provide cash needed to fund vaccines: Economist 24 February 2021, 7:17 AM

Chief economist at Investec, Annabel Bishop, says a possible R100 Billion underestimation in tax revenue collections may provide the extra cash that government needs to fund its vaccine roll-out programme.

Mboweni to table his budget speech in the midst of a stagnant economy 24 February 2021, 6:31 AM

Finance Minister Tito Mboweni will on Wednesday table the much anticipated budget speech in the midst of a stagnant economy due to among others the COVID-19 pandemic and record high unemployment levels.

Tourism sector hopes Minister Mboweni will announce relief measures 23 February 2021, 9:47 PM

The tourism and hospitality sector is still reeling from the prolonged COVID-19 lockdown. But many hope for some relief from the much-anticipated Budget Speech by Finance Minister Tito Mboweni on Wednesday.

OPINION | We want to see massive investment in social solidarity 23 February 2021, 2:08 PM

A people’s budget would be a budget that recognises that millions of people in South Africa are living in crisis.

Cosatu says it anticipates creation of more economic opportunities 23 February 2021, 1:45 PM

The Congress of South African Trade Unions (Cosatu) says it anticipates more economic opportunities to be created to recover lost income amid the coronavirus pandemic.

OPINION | Mboweni must answer why state refuses to extend Social Relief of Distress to women 23 February 2021, 1:00 PM

The state has no choice but to extend the SRoD to women, urges the Director of Studies in Poverty and Inequality Institute in Johannesburg, Isobel Frey.

The basis of South Africa’s annual budgets needs an overhaul, here’s why and how 22 February 2021, 9:24 PM

Governments in most developing countries use medium-term expenditure frameworks as fiscal policy instruments to match the imperatives of policy, planning and budgeting over the medium-term horizon. South Africa adopted the framework in 1998.