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South Africa:
Dividend Tax Hiked to 20%
News24Wire, 22 February 2017
To reduce the difference between the combined statutory tax rate on dividends and the top marginal personal income tax rate, government is increasing the dividend withholding tax… Read more »
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South Africa:
Steering #Budget2017 Between Excess Patronage and Prudence
The Conversation Africa, 21 February 2017
After investigating the "massacre" (as termed by both the opposition Democratic Alliance and African National Congress Youth League) of more than 100 mental health patients under… Read more »
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South Africa:
Fuel Levy Hike Might Affect Other Prices Too
News24Wire, 22 February 2017
The hike in the general fuel levy and the RAF levy, effective 5 April 2017, will probably have an inflationary impact right through the South African economy. Read more »
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South Africa:
Money Will Be Found for National Carrier, Post Office - Gordhan
News24Wire, 22 February 2017
Finance Minister Pravin Gordhan said he can't say where for now, but money will be found to put South African Airways (SAA) and Post Office on a sounder financial footing.Speaking… Read more »
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South Africa:
IPPs Could Go Out of Business, Treasury Warns Eskom
News24Wire, 22 February 2017
Eskom's delay in signing power purchase agreements with renewable energy independent power producers (IPPs) whose bids were approved by the Department of Energy could result in… Read more »
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South Africa:
How Treasury Wants Tech to Boost the SA Economy
News24Wire, 22 February 2017
The rapid era of technology we live in has the potential to bring more services to people, more cost-effectively, Finance Minister Pravin Gordhan said during his 2017 Budget Speech… Read more »
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South Africa:
Higher Education Gets Bulk of Reprioritised Expenditure
News24Wire, 22 February 2017
Treasury will allocate R16.1bn to education, of the total R30bn reprioritised expenditure by government for Budget 2017. Read more »
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South Africa:
Eskom and Transnet Need to Borrow Billions More
News24Wire, 22 February 2017
Eskom and Transnet need to borrow billions more than anticipated in 2016, National Treasury revealed in its 2017 Budget Review on Wednesday. Read more »
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South Africa:
Expenditure Ceiling to Come Down R26.1 Billion
News24Wire, 22 February 2017
Treasury plans to reduce the expenditure ceiling by R26.1bn over the next three years by cutting spend on non-core goods and services as well as compensation budgets. Read more »