The recent goings-on at Sars suggest that minister’s agents are being removed and that the control of one of the most important units is at stake
To satisfy taxpayers and ratings agencies, Finance Minister Pravin Gordhan will have to announce serious and immediate cuts in the 2016 budget speech.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David van Rooyen.
Aside from the usual rise in sin taxes, petrol, electricity and income tax are going up, while small businesses are getting some reprieve.
All eyes will be on Nhlanhla Nene on Wednesday when he tells South Africans exactly how the treasury plans to plug the country’s fiscal gap.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David Van Rooyen
The government expects to grow its tax base by allowing companies to increase the amount they can transfer out of South Africa in foreign capital.
Unspent funds will be allocated elsewhere if projects aren’t implemented, warns Gordhan.
Can he contain the public sector wage bill without sparking more devastating strikes?
High and low earners also found some cheer in a budget focused on stimulating growth.
From the DA hoping to hear about cutting state spending to Numsa’s demand for decent jobs, here’s what some groups expect from the budget speech.
Join our live video to discuss Finance Minister Pravin Gordhan’s budget speech – all the highlights, lowlights, and surprises.
South African bonds were strengthened as the currency appreciated somewhat, but some analysts feel the bolstering is a temporary one.
The country’s three-year budget framework has been met with mixed reaction, with opposition parties saying they are discouraged.
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/ 23 October 2013
Finance minister Pravin Gordhan’s "careful control of the wage Bill" will impact negatively on health service delivery, says a health economist.
The allocation to school infrastructure in the mid-term budget is inadequate, writes David Macfarlane.
Finance Minister Pravin Gordhan has announced sweeping cuts to the pricey perks enjoyed by civil servants.
During his medium-term budget policy speech Finance Minister Pravin Gordhan kept the rhetoric upbeat and SA’s purse strings tight, as expected.
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/ 25 February 2013
We look at the Oscar Pistorius hearing, Mamphela Ramphele’s new political party, Sona, the upcoming budget speech and the artful Design Indaba.
Pravin Gordhan will be faced with the tough choice of raising SA’s debt levels or pushing tax hikes when he delivers his 2013 budget later this week.
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/ 24 February 2012
High taxes on investments has left taxpayers in a bad position.
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/ 24 February 2012
South Africans will have to wait for a while until they see how the department of trade and industry implements the industrial policy.
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/ 24 February 2012
In creating a blueprint for growth, Gordhan has been hamstrung by the very lack of buy-in he wants and needs.
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/ 24 February 2012
Some small businesses are likely to benefit from minor tax tweaks but there is no relief on the jobs front.
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/ 24 February 2012
The government has claimed that job creation is its top priority yet it has cut the allocated budget by almost R4-billion from last year.
Job creation and welfare initiatives aside, critics have warned of a bias towards big industry and the rich.
Pravin Gordhan sticks to his guns and gives education the biggest portion of the national budget.
Pravin Gordhan admits that the state’s ambitious development plans will come to nought without effective management by state institutions.
The state wants to keep the country’s debt levels down while also saving money across government departments.
M&G editor-in-chief Nic Dawes talks us through his predictions for the 2012 budget speech.
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/ 10 February 2012
<strong>Maya Fisher-French</strong> offers Finance Minister Pravin Gordhan a savings tip
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/ 25 February 2011
Government is to pump R250-million into a fund to draw new and emerging entrants to the sector.