The heat will be on South African Finance Minister Pravin Gordhan when he delivers his mid-term budget.
Finance Minister Pravin Gordhan’s resolve to maintain fiscal discipline and avoid a junk credit rating is facing a severe test.
MPs from the Democratic Alliance were not impressed that the finance minister decided to pursue overseas investors instead of attending the debate.
The rand has taken a major step back, which analysts attribute to the growing tensions between President Jacob Zuma and Pravin Gordhan.
Non-compliant taxpayers have an opportunity to voluntarily disclose their offshore assets and income to Sars – or else face the full force of the law.
Finance Minister Pravin Gordhan has not yet revealed how the government will fund its National Insurance scheme.
“Pragmatic”, “interesting”, “praise-worthy” and “disappointing” have all been used to describe the finance minister’s 2016 budget speech.
Cutting the bloated public service wage bill is critically important, but it is sure to be unpopular with the ANC’s powerful labour allies.
Pravin Gordhan has tried to please everyone, but SA needs an overhaul of macroeconomic policy and state restructuring, writes Gumani Tshimomola.
For all Finance Minister Pravin Gordhan’s talk about reforms, analysts fear state-owned enterprises still pose a risk.
Pravin Gordhan achieved a balance between tax increases and spending cuts, but stealth and wealth taxes are concerning, writes Nazrien Kader.
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/ 25 February 2016
Finance Minister Pravin Gordhan has staved off an increase in value-added tax – for now.
We have to be tough on ourselves until we can generate more growth, says Finance Minister Gordhan Pravin.
But Minister David van Rooyen’s unimpressive management of funds in the past casts doubt on his ability to turn around dysfunctional municipalities.
The poor suffer most as councils buckle under the weight of leaky sewers, debt and rank ineptitude.
Tax burdens – even for the rich – may have eased, but inflation will step in to spoil the party.
Pravin Gordhan has warned in this budget that South Africa is at risk of becoming a “kleptocracy” if there is no improvement in business ethics.
The finance minister’s budget plan is ambitious, but government has lost its legitimacy and restoring faith in the state will be no easy feat.
Look beyond the fawning and you’ll see some horrifying flaws in Finance Minister Pravin Gordhan’s budget, writes Patrick Bond.
Finance Minister Pravin Gordhan announced that taxes on wine, beer, spirits and cigarettes would continue to rise above the rate of inflation.
The finance minister targeted civil-servant jobs and increased wealth taxes in an effort to prevent a credit-rating downgrade.
Government will only expand nuclear capacity ‘after a thorough and transparent tender process’ and at a ‘scale and pace that is affordable’.
Finance Minister Pravin Gordhan has provided fiscal drag relief of R5.5-billion for individuals “focusing on lower- and middle-income earners”.
Read Finance Minister Pravin Gordhan’s budget speech, tabled in Parliament on February 24 2016.
Finance Minister Pravin Gordhan has revealed plans to introduce a tax on sugar-sweetened beverages, similar to the sin taxes on alcohol and tobacco.
In a bid to root out corruption, a new e-tender portal will be mandatory, and contracts above R10-million will be monitored to ensure value for money.
Finance Minister Pravin Gordhan’s budget focused on reining in government expenditure, raising tax revenues and preventing a ratings downgrade.
Not since Nelson Mandela walked out of Victor Verster prison 26 years ago have investors been gloomier about South Africa’s economy.
The finance minister will have to slash spending and possibly raise taxes in this week’s budget.
Just talk is no longer acceptable, action is urgently needed