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South Africa:
Rand Dips After Budget Speech
News24Wire, 24 February 2016
In the midst of Finance Minister Pravin Gordhan's budget speech on Wednesday, Moody's downgraded Brazil to junk status, which is seen as the main cause for the weakness in the… Read more »
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South Africa:
SA Far From Debt Trap - Gordhan
News24Wire, 24 February 2016
Government debt will be stabilised over the medium term and South Africa is far from a debt trap, according to the Budget Review. Read more »
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South Africa:
Gordhan Missed Fuel Levy Chance to Kill E-Tolls - Outa
News24Wire, 24 February 2016
How can the government increase the general fuel levy by 60c over two years, but can't add another 9c to cover e-tolls, Outa chairperson Wayne Duvenage questioned on Wednesday. Read more »
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South Africa:
ANC Praise for Gordhan's 'Budget of Hope'
News24Wire, 24 February 2016
Finance Minister Pravin Gordhan presented a budget of hope in the midst of a sluggish economic climate, the ANC said in a statement. Read more »
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South Africa:
The Secret's Out - South Africa to Get a Sugar Tax
News24Wire, 24 February 2016
South Africans with a sweet tooth will be punished with a higher tax on sweet stuff. In his budget speech on Wednesday, Finance Minister Pravin Gordhan announced that a sugar tax… Read more »
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South Africa:
South Africans Are Becoming Poorer – Gordhan
News24Wire, 24 February 2016
Economic growth elsewhere in the world could pick up, but the outlook for South Africa remains bleak. Read more »
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South Africa:
It's Called 9/12 – Gordhan Remembers Nene
News24Wire, 24 February 2016
The Budget Speech might have been a tad boring without any red-bereted comedy, but what was lacking in humour in Parliament was made up for behind the scenes during the pre-budget… Read more »
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South Africa:
What a Nation Wants - Gordhan's Message of Hope
News24Wire, 24 February 2016
What "all of us want" was central to Finance Minister Pravin Gordhan's simple message of economic hope in his budget address on Wednesday. Read more »
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South Africa:
No Big Tax Surprises
News24Wire, 24 February 2016
Finance Minister Pravin Gordhan delivered a surprise during Wednesday afternoon's National Budget presentation in Parliament by not hiking the personal income tax rate. Tax rates… Read more »
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South Africa:
Govt's Heavy Tax on 'Sinners'
News24Wire, 24 February 2016
Smokers and drinkers will again be heavily taxed on these (in the eyes of the Government) bad habits. Read more »
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South Africa:
SOEs Must Seek Private Investment for Growth - Gordhan
News24Wire, 24 February 2016
State-owned Entities (SOEs) will work more frequently with private sector investors to accelerate infrastructure investment, Finance Minister Pravin Gordhan said in his budget… Read more »
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South Africa:
Centralised Tender Portal Will Curb Corruption - Gordhan
News24Wire, 24 February 2016
From 1 April this year, all companies that intend to do business with government will need to be registered on the government's central supplier database. Read more »
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South Africa:
SA Wants Life Expectancy of 70 Years
News24Wire, 24 February 2016
Health is high on the priority list of the government with the National Development Plan (NDP) envisioning a South Africa where life expectancy is at least 70 years, according to… Read more »
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South Africa:
Gordhan Calls for SAA, SA Express to Merge, Find Equity Partners
News24Wire, 24 February 2016
Government has proposed merging South African Airways (SAA) with SA Express and partnering the new entity with a minority equity partner to return the ailing airline to… Read more »
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South Africa:
Provinces, Municipalities Get Less
News24Wire, 24 February 2016
South Africa's nine provinces will have to make do with R14.9bn less than estimated in the Medium Term Budget Policy Statement to make provision for funding requirements elsewhere,… Read more »
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South Africa:
Budget in a Nutshell
News24Wire, 24 February 2016
Finance Minister Pravin Gordhan's first comeback National Budget tabled on Wednesday afternoon in Parliament was relatively calm and workmanlike one after all the expectations of… Read more »
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South Africa:
Gordhan's Budget Responds to the Drought
News24Wire, 24 February 2016
The Budget Review states that South Africa is in the midst of its worst drought in at least two decades, threatening agricultural output and pushing up food prices. Read more »