Budget 2013
latest news & developments
Gordhan’s gone from hero to Nero
His half-hearted budget fiddling and sops to the elite prove that Marikana burned in vain.
Budget 2013: Tax and compliance tightened up for corporates
Finance Minister Pravin Gordhan will be seeking to increase tax revenue received from the corporate sector this financial year.
There are now better reasons to save for retirement
New laws will be introduced this year to regulate the retirement industry, as part of the government’s plan to encourage South Africans to save.
Budget 2013: Gordhan exposes the limits of the fiscus
The "fiscal space" built up during the austere Gear period and in the boom years between 2003 and 2008 is all used up, and then some.
Budget 2013: We’re not on the brink of austerity (yet)
Gordhan says the challenge now is to grow the economy and widen the tax base to raise revenue.
Parliamentary fiscal office on track
The independent body is expected to address weaknesses in the institution’s technical capacity.
Gordhan ups his social spending
But rating agencies, which have downgraded SA, are afraid that he’s letting unrest dictate policy.
Budget 2013: Pachydermal Nkandla conspicuously absent
Finance Minister Pravin Gordhan failed to mention a single word about the R206-million spent on President Jacob Zuma’s residence at Nkandla.
DA calls Gordhan’s speech out on lack of solutions
The Democratic Alliance have welcomed Finance Minister Pravin Gordhan’s conservative 2013/14 budget but criticised it for lacking detail.
Economic policy: The poor still lose
Rural areas have always been at the bottom of the list when it comes to healthcare and expenditure.
Budget 2013: Business welcomes Gordhan’s plans
The business sector has mostly responded positively to the budget announced by Finance Minister Pravin Gordhan in Parliament.
ANC happy with Gordhan’s budget
Finance Minister Pravin Gordhan’s budget speech itted well with the development programmes of the ruling party, says the ANC.
Budget 2013 extends funding on environmental issues
Finance Minister Pravin Gordhan’s budget has been generous to the environment, with extended funding and clarity on the carbon tax.
Budget 2013: No income tax increases but fuel levies up
Finance Minister Pravin Gordhan’s budget has shown taxpayers will not see increases in income tax or VAT but sin taxes and fuel levies will go up.
Gordhan urges state to get with the programme
There was one clear message emanating from Finance Minister Pravin Gordhan’s 2013 budget to the government: get with the programme.