The Finance Minister Tito Mboweni briefs the joint sitting of the committees on Finance and appropriations, following his 2021 budget speech on Wednesday afternoon.
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.
Finance Minister Tito Mboweni says there is reason for optimism as the country's economy is forecast to grow in the next few years.
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.
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.
Finance Minister Tito Mboweni has tabled a massive 2. 2 trillion rand budget for the year 2021.
Business Unity South Africa (Busa) has welcomed Finance Minister Tito Mboweni Budget Speech.
Government employees will only receive marginal salary increases from the government over the next three years.
The government will roll out a free mass COVID-19 vaccination campaign for which money has been allocated in the medium term.
The Department of Social Development gets the second biggest slice of the cake with R335 billion this year.
Social grants have been increased by below inflation rates of between 1 and 3.4% from April 1.
Political parties reacted to Finance Minister Tito Mboweni's budget speech on Wednesday. Mboweni did not announce any major new tax proposals.
The South African Revenue Service (SARS) has welcomed Minister of Finance Tito Mboweni's 2021 Budget Review presentation in Parliament on Wednesday.
The rand has gained one percent after Finance Minister Tito Mboweni made his budget speech on Wednesday.
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 hope the budget will provide tax relief for cash-strapped consumers.
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.
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
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.
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.
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
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.
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.
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.
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.
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.
A people’s budget would be a budget that recognises that millions of people in South Africa are living in crisis.
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.
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.
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.