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/ 22 February 2007
Protection can make South African companies lazy, South African Finance Minister Trevor Manuel told the Lion of Africa breakfast on Thursday. "Part of what we must do is engage with South African business to ensure that they too understand that they can take the world on," he said.
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/ 21 February 2007
To tax lobola, or not to tax: that is the question that Finance Minister Trevor Manuel does not want to touch with a barge pole. He told MPs in his budget speech on Wednesday that last year he received a suggestion he should make lobola, the traditional payment for a bride, tax deductible.
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/ 21 February 2007
A senior advocate was specially drafted on Wednesday to cross-examine a youth who accused his former legal representative of trying to bribe him not to testify in the Cape High Court murder trial of Dina Rodrigues. The teenager claimed last week that his former counsel, Charles Simon, had offered him a R20Â 000 bribe to remain silent.
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/ 21 February 2007
The safety and security budget is set to increase to R43,6-billion by 2010. According to the 2007 estimates of national expenditure, tabled by Finance Minister Trevor Manuel in Parliament on Wednesday, by that year there will be 190Â 000 police officers patrolling South Africa’s streets.
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/ 21 February 2007
Finance Minister Trevor Manuel’s 2007/08 budget proposals tabled in Parliament on Wednesday contain further relaxation of exchange controls. The requirement that South African companies obtain a majority shareholding in foreign entities or projects outside of Africa is abolished, and they now have to obtain only a 25% shareholding.
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/ 21 February 2007
Finance Minister Trevor Manuel on Wednesday paid tribute to teachers as ”the front line of our education system” — and then matched his praise with hard cash. ”The investments announced in this budget constitute a concerted effort to improve the quality of schooling in our country,” he told the National Assembly.
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/ 21 February 2007
The government wants to have its ”bold and ambitious” new social-security scheme, that could include a R30 billion-a-year wage subsidy, in place by 2010, Finance Minister Trevor Manuel announced on Wednesday. Manuel told Parliament the planned budget surplus created space for future social-security reforms.
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/ 21 February 2007
The government is confident it will remain within budget for hosting the 2010 Fifa World Cup, says Deputy Finance Minister Jabu Moleketi. Speaking at a media briefing ahead of Finance Minister Trevor Manuel’s Budget speech on Wednesday, he said he saw no reason why building stadiums would exceed the R17,4-billion allocated for the purpose.
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/ 21 February 2007
Agencies operating under the umbrella of the Department of Trade and Industry will receive R1,7-billion to promote black economic empowerment (BEE) and small-business development, Finance Minister Trevor Manuel said on Wednesday. Delivering his budget speech to Parliament, he said an additional R380-million will go to the national empowerment fund.
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/ 21 February 2007
South Africa is to set an official ”poverty line” as a tool to help measure progress in the fight against the problem, Finance Minister Trevor Manuel said on Wednesday. A poverty line establishes the income required for a basic minimal standard of living, enough for an adequate food supply and other necessities.
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/ 21 February 2007
The Department of Defence’s budget has risen to R25,9-billion to meet the rising cost of peacekeeping operations and the military’s need to beef up its airlift capacity. Tabling his 2007/08 budget in Parliament on Wednesday, Finance Minister Trevor Manuel said the South African National Defence Force had ”assisted significantly” in helping reduce a number of African conflicts.
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/ 21 February 2007
Spending on dedicated HIV/Aids programmes by national and provincial government departments will exceed R5-billion within the next two years, according to Wednesday’s budget. The Treasury says in its budget review that an additional R1,65-billion has been committed to provinces over the next three years for their Aids-treatment programmes.
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/ 21 February 2007
The Department of Housing has been allocated R32-billion over the next three years in an attempt to reduce backlogs and fast-track housing delivery. According to the 2007 estimates of national expenditure, tabled by Finance Minister Trevor Manuel in Parliament on Wednesday, the department will receive R8,8-billion in 2007/08, R10,5-billion in 2008/09 and 12,5-billion in 2009/10.
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/ 21 February 2007
The South African Parliament is expected to cost R1,07-billion in 2007/8, with constituency allowances for MPs showing the largest spike. Constituency support will cost R188-million in 2007/8 — up from R105-million in 2006/7, while the estimated allocation for 2008/9 rises to R202-million.
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/ 21 February 2007
Finance Minister Trevor Manuel has unveiled personal-tax cuts totalling R8,4-billion across all income brackets in the budget for the 2007/08 financial year. The relief, which is being implemented through upward adjustments to all of the income-tax bracket levels, has been made possible by the R29-billion in revenue overruns experienced in the current 2006/07 financial year.
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/ 21 February 2007
The 2007/08 budget represents a watershed for South Africa’s taxation regime as it scraps retirement fund tax, does away with the unpopular secondary tax on companies and paves the way for the introduction of a social-security system. These are far and away the most significant taxation features of Finance Minister Trevor Manuel’s 11th budget.
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/ 21 February 2007
Finance Minister Trevor Manuel’s 2007/08 budget tabled in Parliament on Wednesday holds good news for most, with R8,4-billion staying in the pockets of individual taxpayers — who will also benefit from the abolition of retirement-fund tax from March 1.
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/ 20 February 2007
A Congress of South African Trade Unions (Cosatu) statement on Monday, apparently threatening violence if the case against former deputy president Jacob Zuma is pursued, was strongly criticised by the Democratic Alliance (DA) on Tuesday.
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/ 20 February 2007
Given his military background, it is likely Ananias Mathe could have squeezed through the tiny window of a C-Max prison cell on his own to escape from jail last year, a ministerial task team has found. It is possible he did so without the assistance of prison warders, task team member Paul Govindsamy said on Tuesday. However, MPs disagreed.
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/ 20 February 2007
South African President Thabo Mbeki met FirstRand Limited chairperson GT Ferreira, FirstRand Limited CEO Paul Harris and FirstRand Bank CEO Sizwe Nxasana in Pretoria on Tuesday, the Presidency said. According to presidential spokesperson Mukoni Ratshitanga, the group ”apprised the president on their widely publicised media advertisement campaign on crime”.
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/ 20 February 2007
South Africa is considering enriching its own uranium to fuel new nuclear power plants — including pebble-bed modular reactors — to be built in coming decades, Minerals and Energy Minister Buyelwa Sonjica said on Tuesday. Speaking at the opening of the French-South African Energy Conference, she said her department is finalising an energy and technology strategy.
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/ 20 February 2007
Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk dealt canned lion hunting a death blow on Tuesday by outlawing the hunting of captive-bred large predators within two years of their release on a property for the purpose of hunting. He told journalists in Cape Town he intends ”putting an end, once and for all, to the reprehensible practice of canned hunting”.
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/ 19 February 2007
The Freedom Front Plus (FF+) has lambasted the South African Defence Force’s transformation policy, saying it has contributed to thousands of experienced white officers leaving the force. The party’s spokesperson on defence, Pieter Groenewald, said the policy, introduced two years ago, required more than 5Â 000 white senior officers to leave the force.
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/ 19 February 2007
Truman Prince is to be allowed to appeal against his dismissal from the post of Beaufort West’s municipal manager, the Democratic Alliance (DA) confirmed on Monday. It was reacting to an African National Congress statement saying that the Central Karoo council had voted for the move despite a legal opinion that ”clearly” stated Prince had no right to a challenge.
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/ 19 February 2007
The City of Cape Town needs to spend about R1-billion on treatment plants over the next five years to avoid a sewage crisis, mayoral committee member for trading services Lionel Roelf said on Monday. Most of the city’s waste-water treatment plants are already operating near or beyond capacity, with ageing, ineffective infrastructure, he said in a statement.
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/ 19 February 2007
Finance Minister Trevor Manuel should provide a social democratic budget on Wednesday aimed at the comprehensive upliftment of the poor, says Independent Democrats finance spokesperson Avril Harding. Harding said on Monday that a key element should be the reducing of the state pension age to 60 for both men and women.
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/ 19 February 2007
Bold corporate-tax cuts and a job-creation programme are among the main features of the Democratic Alliance’s (DA) alternative budget 2007/8, which was unveiled on Monday. Released each year ahead of the actual budget, the DA says its version is ”geared towards boosting economic growth, creating jobs and turning South Africa into a true, open society”.
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/ 17 February 2007
South Africa’s Western Stormers recorded their first win of the Super 14 when they downed the Waikato Chiefs 21-16 in Cape Town on Friday. The home side, who led 14-13 at the break, outscored their opponents two tries to one. While it was a scrappy encounter, the Stormers were much-improved from their first two outings.
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/ 16 February 2007
Western Cape Premier Ebrahim Rasool has committed R1-billion to boost security and policing in the province, the Cape Argus reported on Friday. In his state of the province address in the provincial legislature, Rasool said the money would go to staff, vehicles, equipment and volunteers to beef up police capabilities.
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/ 16 February 2007
Democratic Alliance (DA) leader Tony Leon has asked why the murder-conviction rate is so low if over 80% of murder victims in South Africa are killed by people they know. In his weekly newsletter published on Friday, Leon questioned what he called ”a dizzying series of statistics” contained in President Thabo Mbeki’s response on Thursday to the State of the Nation debate.
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/ 16 February 2007
President Thabo Mbeki on Friday called for an end to all measures intended to isolate the Palestinian Authority and for the parties involved to renew their peace efforts. Writing in his weekly newsletter, Mbeki congratulated Saudi Arabian King Abdullah bin Abdul Aziz, Palestinian President Mahmoud Abbas and Hamas leader Khalid Mish’al for concluding last week’s Mecca agreement.
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/ 15 February 2007
Plans to build hundreds of thousands of new low-cost homes could fall victim to shifting budget demands in the run-up to the 2010 Soccer World Cup, South Africa’s housing minister said on Thursday. Housing Minister Lindiwe Sisulu said there was a danger that her ministry’s demands ”could be completely wiped off the radar screen”.