By Ragheema Mclean The Automobile Association (AA) has cautioned Finance Minister Enoch Godongwana to carefully consider the negative impact of increasing fuel levies on consumers before making any decisions in his upcoming Budget Speech. Minister Godongwana is set to deliver the 2024 budget speech at 14:00 today (February 21, 2024),[…]
Finance Minister, Enoch Godogwana will be faced with the challenging task of allocating limited resources towards multiple competing priorities when he delivers his Budget address this week. Economic analysts say they expect the focus of the budget to be on economic growth and revenue revisions. This as expenditure pressures rise[…]
LOCAL Economic Freedom Fighters (EFF) members and supporters are expected to march to Parliament in Cape Town on Wednesday morning ahead of Finance Minister Enoch Godongwana’s Budget Speech in the afternoon. The party is among others opposed to the International Monetary Fund (IMF) and World Bank loans to bail out the country’s[…]
LOCAL South Africans should not expect too many unpleasant surprises in the national budget speech tomorrow. This is according to an economist at the University of Stellenbosch Business School, professor, André Roux. He says the commodity price windfall and relative buoyancy of economic activity could provide a temporary fiscal respite[…]
A proposal to cut the state’s wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. “For the credibility of our fiscal stance, that R160 billion or so needs to be found,” Mboweni told[…]
The GOOD Party leader, Patricia de Lille, says that she welcomes Finance Minister Tito Mboweni’s identification of the six priorities, during his Budget Speech, which the government will have to act on if it plans to fix South Africa. These six priorities are achieving higher economic growth, increasing tax revenue, incurring expenditure[…]
Consumers should brace for tougher times ahead. Finance Minister Tito Mboweni is likely to announce levy increases to the fuel and Road Accident Fund (RAF) in his 2019 Budget Speech on Wednesday. In 2018, Mboweni warned that the Road Accident Fund liability would increase. He said the 30-cents-a-litre increase was not be enough.[…]
Eskom will be at the top of the agenda when Finance Minister Tito Mboweni unpacks his 2019 budget speech on Wednesday. The state owned power entity is in a serious financial crisis and could run out of money by April. President Cyril Ramaphosa in his State of the Nation Address (SONA) announced the unbundling of[…]
A number of civil society organisations are mobilising against the proposed VAT hike, which has raised the ire of most South Africans. In his budget speech last week, Finance minister Malusi Gigaba announced that a proposed Value Added Tax (VAT) increase from 145% to 15%, with effect of 1 April[…]
One thing we know about Budget 2017 is that Finance Minister will be reflecting only a faction of the governing ANC when he delivers his speech in the National Assembly. Last year, Gordhan was seen as a saviour following the Nene debacle. He was the interim captain of a floundering[…]
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