Business

Graphic: 2020 estimates of national expenditure

See how much each department has been given as their slice of the pie by Finance Minister Tito Mboweni

State can’t yet afford wealth fund

Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt

Pepsi’s Pioneer acquisition is not healthy

The move may provide a short-term economic boost, but it also has long-term health costs

Budget 2020 — Tito squares up to unions with wage cuts

Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget

Ratings agencies might give SA a ‘klap’ — Mboweni

Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk

Sars expects to collect less revenue for the year

The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.

READ IT IN FULL: Mboweni’s budget speech

Here is the finance minister's address on the 2020 budget

LIVESTREAM: Mboweni delivers budget speech

Watch: The finance minister delivers the budget less than two weeks after the president's state of the nation address

Dan Matjila’s grand plans to save Eskom

The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations

Moody’s axe likely to fall on ordinary South Africans

The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27

‘US good, China bad’ is Pompeo’s message to Africa

During his African tour this past week, United States Secretary of State Mike Pompeo talked up Washington’s ability to stimulate growth and entrepreneurship on the continent.

A spoonful of sugar makes taxes go up

NGO Heala is asking for the health-promotion levy to be hiked, while also dismissing claims by the sugar industry that this will cause job losses

Press Releases

Scatec Solar begins another Upington project

SPONSORED Scatec Solar and partners have once again grid connected in the ZF Mgcawu District, and started early...

Over R400-m given to businesses since launch of three-minute overdraft

The 3-minute overdraft radically reduces the time it takes for businesses to have their working capital needs met

Tourism can push Africa onto a new path – minister

The continent is fast becoming a dynamic sought-after tourist destination

South Africa’s education system is broken and unequal, and must be fixed without further delay

The Amnesty International report found that the South African government continues to miss its own education upgrading targets

Business travel industry generates billions

Meetings Africa is ready to take advantage of this lucrative opportunity

Conferences connect people to ideas

The World Expo and Meetings Africa are all about stimulating innovation – and income