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budget 2014latest news & developments

Taxpayers will feel the squeeze

Finance Minister Nhlanhla Nene has warned that changes to the tax policy will be presented next year.

The M&G’s business desk discusses Pravin Gordhan’s Budget – reading between the lines and analysing what it means for the average South African.

M&G analysis: 2014 Budget speech

The M&G’s business desk discusses Pravin Gordhan’s Budget – reading between the lines and analysing what it means for the average South African.

Budget 2014: Tax incentive scheme highlights Cosatu, Numsa feud

Cosatu has cautiously welcomed Minister Pravin Gordhan’s budget speech, while Numsa reiterated its rejection of the employment tax incentive scheme.

Budget: Who got which piece of the pie?

From education receiving the largest individual allocation to the social security increase, we look at how the R1.25-trillion budget has been divvied.

Finance Minister Pravin Gordhan before the medium-term budget policy speech at Parliament in Cape Town.

Gordhan’s ‘balanced’ budget leaves some disappointed

Analysts are positive about Finance Minister Pravin Gordhan’s fifth budget. There is concern however that the good news can easily turn sour.

Although working conditions are tough in rural areas

Health services too sick to mention

Activists says Finance Minister Pravin Gordhan misrepresented the true state of the country’s health in his budget speech.

Despite global pressures, budget spending is kept on target

Finance Minister Pravin Gordhan has delivered a budget that sticks resolutely to the government’s spending ceiling.

President Jacob Zuma accompanies Finance Minister Pravin Gordhan to Parliament.

Budget 2014: Gordhan dangles carrots for voters

Finance Minister Pravin Gordhan walked a tightrope between electioneering and a market-friendly budget thanks in this year’s speech.

Relief at delay of carbon tax in 2014 budget

South African industries breathed a sigh of relief as treasury decided to delay the implementation of the proposed carbon tax to 2016.

People in South Africa do not need to travel to Europe to have a dignified death, but more needs to be done to make that possible in hospitals, in hospices and at home. (Getty Images)

‘Disappointing’ budget leaves little room for health boost

The Rural Health Advocacy Project says the budget was "disappointing" as it does not make provision for improvements in healthcare service delivery.

The Public Investment Corporation would consider investing in the proposed nuclear build programme

Budget: Eskom, Transnet, Sanral expected to spend R382bn

Capital expenditure by major state-owned companies has been projected to reach R381.9-billion over the next three years, says the national treasury.

Students not yet registered and who were part of the protests had been charged with criminal behaviour

Budget: Increase in bursary funds may avert more student protests

Treasury will increase funds to the National Student Financial Aid Scheme, which is likely to help more than 500 000 students per year.

South Africa has an estimated 390-trillion cubic feet in technically recoverable

Carbon tax delayed, fracking favoured in Gordhan’s Budget

The 2014 Budget has delayed the carbon tax, punted shale gas, budgeted for more independent energy, and asked that mines help fix acid mine drainage.

Finance Minister Pravin Gordhan celebrated the achievements of the past 20 years

Budget: We have heard your pleas, says Gordhan

Finance Minister Pravin Gordhan’s final Budget speech before elections in May is a masterplan to please the masses.

Finance minister Pravin Gordhan operates on a two week cycle as he prepares to be ousted at any stage.

‘The people’s alternative budget speech 2014’

The Budget and Expenditure Monitoring Forum, and the Call for Budget Justice imagined what they would say if they were the minister of finance.