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2022 Budget

Light at end of tunnel, but wage bill could blow the budget
Business
/ 24 February 2022

Light at end of tunnel, but wage bill could blow the budget

The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook

By Sarah Smit
Treasury needs to be braver, but Godongwana’s neutral budget is a good start
Business
/ 24 February 2022

Treasury needs to be braver, but Godongwana’s neutral budget is a good start

The government has finally started to recognise the importance of SMMEs in job creation, the business bounce-back scheme being a case in point

By Miguel da Silva
Relief as treasury puts brakes on fuel levy hike amid petrol price crunch
Business
/ 23 February 2022

Relief as treasury puts brakes on fuel levy hike amid petrol price crunch

The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990

By Sarah Smit
Public sector wage bill still a threat, even as fiscal outlook improves
Business
/ 23 February 2022

Public sector wage bill still a threat, even as fiscal outlook improves

A portion of the government’s revenue overrun, the result of the commodity boom, will be used to pay provincial employees

By Sarah Smit
Godongwana plumps up NPA amid worries over state capture cases
Business
/ 23 February 2022

Godongwana plumps up NPA amid worries over state capture cases

The finance minister adds R426-million to employ 90 more staff for the Investigating Directorate, but most of it must be found through ‘reprioritisation’

By Emsie Ferreira
Budget 2022: Finance minister calls on Eskom to sell assets to solve its debt issues
Business
/ 23 February 2022

Budget 2022: Finance minister calls on Eskom to sell assets to solve its debt issues

The finance minister says Eskom’s debt problem may require some ‘fiscal intervention’, but only if certain conditions have been met by the parastatal led by André de Ruyter

By Ron Derby
Budget 2022: ‘There is a real risk that jobs lost to the pandemic may never return’
Business
/ 23 February 2022

Budget 2022: ‘There is a real risk that jobs lost to the pandemic may never return’

Persistently high joblessness, the budget notes, has emerged as a key weakness in economic performance

By Sarah Smit
Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel
Business
/ 23 February 2022

Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel

The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function

By Emsie Ferreira
WATCH LIVE: Godongwana delivers the budget speech
Business
/ 23 February 2022

WATCH LIVE: Godongwana delivers the budget speech

The Finance Minister delivers his maiden budget speech.

By Staff Reporter
SAB, alcohol industry ask government for reduced excise taxes
Business
/ 21 February 2022

SAB, alcohol industry ask government for reduced excise taxes

Applying above-inflation increases in excise is beneficial neither to government nor the beer industry, says South African Breweries

By Eunice Masson

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