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Millers pay for duty-free wheat quota

Business Tshegofatso Mathe - 4 Mar 2021

The South African Revenue Services didn’t gazette the EU quota rates for about month, with no reasons given – and then suddenly published them

Austerity budget unpacked

Business Sarah Smit & M&G Data Desk - 4 Mar 2021

The finance minister has said it’s not an austerity project. But the numbers and economists disagree

Will job creation schemes fix the unemployment crisis?

Business Sarah Smit - 4 Mar 2021

Experts say there is no evidence yet to show that government-funded employment schemes work long term

Financial sector increases its government debt to 22%

Business Tshegofatso Mathe - 28 Feb 2021

The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt

Come what may, the UIF will pay

Business Sarah Smit - 28 Feb 2021

The fund – the main safety net for unemployed workers – will run at an almost R20-billion deficit

Remote working: Bosses want ‘bums on seats’

Business Tshegofatso Mathe - 28 Feb 2021

Many workers, including managers, like working remotely, but research shows it can be tough on most other employees.

Corporate tax cut will be revenue neutral — Momoniat

Business Emsie Ferreira - 25 Feb 2021

The surprise 1% reduction will result in a wider, more compliant corporate tax base, according to Ismail Momoniat

Tito’s budget tries to boost economic growth and arrest debt

Business Tshegofatso Mathe - 25 Feb 2021

Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%

In a bizarre twist VBS liquidators sue KPMG for R863mn

Business Khaya Koko - 24 Feb 2021

In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank

Snip, snip: Mboweni eyes wage bill, other future spending cuts

Business Sarah Smit - 24 Feb 2021

Last year, the finance minister noted that increased government spending has failed to promote growth over the past decade

Budget: Mboweni pegs recovery hopes on vaccine efficacy, lower public wage increases

Business Emsie Ferreira - 24 Feb 2021

The treasury forecasts 3.3% growth, but warns this will fall to 1.6% if the fledgeling vaccination programme fails to stem successive Covid waves

READ IT IN FULL: Mboweni’s 2021 budget speech

Business Staff Reporter - 24 Feb 2021

Read the finance minister's address on the budget for 2021

The budget-balancing act takes centre stage

Business Sarah Smit - 24 Feb 2021

Finance Minister Tito Mboweni has the difficult task of kick-starting a stalled economy while also cutting on spending

Dreams of Covid recovery dashed by rising unemployment

Business Sarah Smit - 23 Feb 2021

According to Statistics South Africa, the unemployment rate reached 32.5% in the last months of 2020 — the highest since the quarterly labour-force survey began

Amid the pandemic, green bonds are becoming trendy

Business Tshegofatso Mathe - 20 Feb 2021

The Development Bank of Southern Africa plans to use the booming market to finance its climate projects and invest in infrastructure

Bitcoin’s crypto-nite wanes as illicit activity falls

Business Sarah Smit - 19 Feb 2021

New research shows that there were fewer cryptocurrency-related crimes in 2020 — a bumper year for the digital asset. But the biggest scam originated in South Africa

The numbers don’t lie: Tito Mboweni must focus on the long game, experts say

Business Hannah Marais, Bonang Mohale & Nthabiseng Moleko - 18 Feb 2021

Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech

Eskom makes proposals to protect the poor from power price hikes

Business Sarah Smit - 17 Feb 2021

On Tuesday energy regulator Nersa announced that it would allow the ailing power utility to recover an additional R10-billion through tariffs.

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