Market for fresh produce sees some stability in prices

1 December 2021, 6:32 PM
The market for fresh produce has seen some stability in prices of various commodities in spite of farmers battling higher input costs.
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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 […]

Finance Minister Malusi Gigaba
Tough time for Gigaba 20 February 2018, 12:15 PM

Finance Minister Malusi Gigaba to face a tough time when he delivers the budget speech amid growing budget deficits.

Finance Minister Malusi Gigaba
Gigaba to shed light on fee free education 20 February 2018, 10:26 AM

Finance Minister Malusi Gigaba will reveal how South Africa will afford free higher education for the poor when he delivers his budget speech on Wednesday.

Libya’s NOC says budget delays may lower oil production 20 February 2018, 6:44 AM

Libya’s National Oil Corporation (NOC) is suffering ongoing delays in receiving budget money from the government and this could reduce production.

Saica promises to leave no stone unturned in KPMG’s conduct inquiry 19 February 2018, 6:34 PM

The South African Institute of Chartered Accountants (Saica) says they will leave no stone unturned to deal with their members who do not adhere to their code of conduct.

Fiscal consolidation is the buzzword for Gigaba’s Budget 2018 19 February 2018, 5:39 PM

South African economists have set their sights on fiscal consolidation and avoiding a credit ratings downgrade as Finance Minister Malusi Gigaba scrambles to close the R50 billion deficits when he delivers his maiden Budget Speech on Wednesday.

Court ruling on inclusion of communities in Reviewed Mining Charter matter welcomed 19 February 2018, 5:32 PM

Mining affected communities and seven other applicants have welcomed the North Gauteng High Court's ruling to recognise them as interested and relevant parties in matters relating to the Reviewed Mining Charter.

SA receives major boost from Isuzu Motors investment 19 February 2018, 2:53 PM

The South African economy has received a major boost with the Isuzu Motors purchase of the Struandale plant in Port Elizabeth.

Sars welcomes tax administration inquiry 19 February 2018, 1:55 PM

The South African Revenue Service (Sars) on Monday welcomed President Cyril Ramaphosa's pledge to launch a Commission of Inquiry into tax administration and governance at Sars.

Another worker killed at Sibanye Stillwater mine: NUM 19 February 2018, 11:16 AM

South Africa's National Union of Mineworkers said on Monday another worker had died at Sibanye Stillwater's Driefontein mine outside Carletonville over the weekend, the latest in a recent spate of fatalities at the company's operations.

Renegotiation of Mining Charter is crucial for economy: Analyst 19 February 2018, 7:21 AM

Economist George Glynos says the renegotiation of the Mining Charter is crucial for South Africa's economy.

Asian shares extend global recovery, volatility subsides 19 February 2018, 6:39 AM

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, having recovered more than 40 percent of their losses from late last month to last week’s low. Japan’s Nikkei gained 1.3%. Trading is expected to be slower than usual due to market holidays in the United States as well as Greater China. On Wall Street, […]

Postponement of Mining Charter application 18 February 2018, 9:36 PM

The Chamber of Mines has agreed to postpone its court application challenging the Reviewed Mining Charter, which was due to be heard in the High Court from Monday, following talks with the Presidency and the Department of Mineral Resources.

Mineral Resources official’s dismissal must be probed: Sanco 18 February 2018, 6:06 PM

Sanco has called for a full investigation into the circumstances surrounding the dismissal of the Mineral Resources department's Mpumalanga regional manager Aubrey Tshivhandekano on Thursday.

BLF slams court ruling on Bankorp-CIEX report 18 February 2018, 3:28 PM

BLF has expressed shock over last week's court judgment setting aside the Bankorp-CIEX report which found that the public was prejudiced by government and the Reserve Bank's failure to recover the R3.2 billion from Bankorp Limited-Absa.

Mkhwebane to study Bankorp-CIEX court ruling 18 February 2018, 10:14 AM

The Office of the Public Protector has expressed shock over Friday's court judgment against its Bankorp-CIEX report which found that the public was prejudiced by government and the Reserve Banks failure to recover the 3.2 billion rand from Bankorp Limited-ABSA.

Isuzu launches 100% owned car manufacturing plant in PE 17 February 2018, 4:12 PM

Isuzu has officially launched their 100% owned vehicle manufacturing plant in Port Elizabeth.

Ramaphosa to appoint commission of inquiry into SARS 17 February 2018, 6:44 AM

President Cyril Ramaphosa has told parliament that he will appoint a Commission of Inquiry into governance at the South African Revenue Service.

Ramaphosa emphasises importance of economic recovery in SA 16 February 2018, 8:30 PM

President Cyril Ramaphosa has emphasised the need for economic growth and recovery in his first State of the Nation Address, as well as a focus on education, social justice and other themes.

Mining will bring new dawn for SA- Cyril Ramaphosa 16 February 2018, 7:59 PM

South African President Cyril Ramaphosa says Mining will bring new dawn for SA. He is addressing South Africans in his first State of the Nation address, only a day after being elected Head of State. The former Deputy President (who was elected ANC President in December 2017), outlined plans for the creation of a million […]

Eskom accepts Matshela Koko’s resignation 16 February 2018, 7:38 PM

Eskom has accepted the resignation of Matshela Koko with immediate effect, but said that it reserves all its rights to institute legal action in respect of any damages it suffered.