Breakdown of Budget 2020

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[…]

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RAF welcomes fuel levy hike

The Road Accident Fund was given a temporary lifeline with Finance Minister Nhlanhla Nene’s announcement of a 50c hike in the fuel levy, it said on Wednesday. “This raises the compensation scheme’s primary source of income from 104c to 154c per litre of fuel sold, a percentage increase of 48[…]

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Malema vows to beat corruption charges

EFF leader Julius Malema was confident of beating looming fraud, corruption, money-laundering, and racketeering charges against him, he said on Monday. “I do not fear anything, because I know I’ve not done anything wrong,” Malema told journalists outside the High Court in Pretoria. He was referring to his pending trial,[…]

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Malema back in court over taxes

EFF leader Julius Malema’s lawyers were expected to argue in court on Monday why a provisional sequestration order against him should not be made final. In May, Malema’s provisional sequestration was extended and the matter was postponed. According to Sunday’s Rapport, the SA Revenue Service (Sars), would ask for a[…]

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