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Budget 2018 Hits South Africa Hard

Finance Minister Malusi Gigaba has delivered the Budget speech today amid calls for his axing, because of his alleged association with the Gupta family who are being investigated for their involvement in state capture. The minister was also instrumental in issuing the Gupta family citizenship while heading up the Home Affairs ministry. The minister has announced among others, an increase in VAT from 14% to 15% and will see Estate Duty imposed on wealthy citizens.

South African Broadcasting Corporation

VIDEO: South Africa's Budget 2018 Delivered

South Africa: What Finance Minister Gigaba Said in His Budget 2018 Speech

Govt of SA, 21 February 2018

Honourable Speaker Mister President Read more »
South Africa: Budget 2018 - Business Stoic While Labour Fumes

Daily Maverick, 22 February 2018

Though much of the immediate response to Finance Minister Malusi Gigaba's Budget focused on the impending pain for individual consumers, South African business and industry will… Read more »
South Africa: Budget 2018 - Without Structural Reform, a Better Life Will Elude Us

Daily Maverick, 22 February 2018

Can President Cyril Ramaphosa translate his political ascension into an economic reformation? Read more »
South Africa: Budget 2018 - R48 Billion Revenue Shortfall Piles Pressure On Beleaguered Tax Boss Tom Moyane

Daily Maverick, 22 February 2018

If successful tax administration, productiveness and expertise at SARS is measured by the revenue it collects, we are in trouble. For the second year in a row, the service headed… Read more »
South Africa: SAMWU Reaction to the Budget Speech

COSATU, 21 February 2018

The South African Municipal Workers' Union (SAMWU) notes the Minister of Finance's maiden Budget Speech as delivered on the 21st February 2018. This Budget has not met our… Read more »
South Africa: Newsflash - Malusi Gigaba Under Shadow On Budget Day As Damning Judgment Emerges

Daily Maverick, 21 February 2018

As Finance Minister Malusi Gigaba prepared to give his maiden Budget speech in the National Assembly on Wednesday afternoon, new information about Gigaba's tenure as Home Affairs… Read more »
South Africa: Budget 2018 - VAT Is Increased - a First for New SA

Daily Maverick, 21 February 2018

For the first time in democratic South Africa value-added tax (VAT) is raised - by one percentage point to 15% as part of the "tough but hopeful" Budget Finance Minister Malusi… Read more »
South Africa: Parliament On 2018 Budget Speech

Govt of SA, 20 February 2018

Parliament and the Budget Read more »

Photo: GCIS

Finance Minister Malusi Gigaba briefs then-Deputy President Cyril Ramaphosa ahead of his visit to the USA for the IMF World Bank Spring meeting and his meetings with the rating agencies at the Deputy President's official residence OR Tambo House in Pretoria on April 18, 2017.

South Africa: Budget 2018 - High Expectations of Ramaphosa's Administration May Be Taxing for Ordinary South Africans

Daily Maverick, 21 February 2018

President Cyril Ramaphosa's State of the Nation Address was well-received, but his administration's first real challenge will be how it balances the books as Finance Minister… Read more »
South Africa: Budget 2018 - Gigaba Can Avoid Tax Increases and Make R112 Billion Available

DA, 20 February 2018

The following was presented today by the DA Leader, Mmusi Maimane MP, and DA Shadow Deputy Minister of Finance, Alf Lees MP, ahead of the Main Budget 2018, tomorrow. Please find… Read more »
South Africa: #budget2018 - Government Must Shoulder the Burden, Not Poor South Africans

DA, 21 February 2018

The DA has gone into lockdown for the next four hours where we will be combing through the Budget 2018 to identify any proposed budget items that may negatively impact poor South… Read more »
South Africa: Picture of Finance Minister Playing Game in Parliament Goes Viral

News24Wire, 15 February 2018

While all eyes were on President Cyril Ramaphosa in Parliament, Finance Minister Malusi Gigaba had something else on his mind - a 'Candy Crush' game. Read more »
South Africa: Economists Forecast 'Terrible' Budget Presentation

CAJ News, 25 October 2017

Amid pessimism by experts, South Africa's focus will on Wednesday be on Finance Minister Malusi Gigaba's presentation of his first Medium-Term Budget Policy Statement (MTBPS) .… Read more »
South Africa: Malusi Gigaba Must Use His "Maiden" Medium-Term Budget Policy Statement to Give Hope to the 9.3 Million People Who Do Not Have Jobs in SA

DA, 23 October 2017

The Minister of Finance, Malusi Gigaba, delivers his "maiden" medium-term budget policy statement on Wednesday 25 October 2017 in Parliament. Read more »
South Africa: DA to Probe Gigaba's Bloated Private Office At National Treasury

DA, 1 October 2017

The Minister of Finance, Malusi Gigaba, claims there is no truth to the suggestion that he has centralized power in his private office and that all appointments in his private… Read more »