Five Newsworthy Things in SA 26th February 2024:

News in South Africa 26th February: 1. South Africans are poorer: An analysis of household finances shows that real salaries have deteriorated in 2023, with South Africans going into more financial distress in the final quarter of last year. This is according to Investec chief economist Annabel Bishop, who pointed to data from BankservAfrica that […]

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Five Newsworthy Things in SA 22nd February 2024:

News in South Africa 22nd February: 1. 2024 Budget speech in a nutshell: Finance Minister Enoch Godongwana delivered the 2024 National Budget Speech on Wednesday, 21 February. The budget touched on many points and topics, including the country’s current economic standing, growth estimates, the massive debt servicing costs, heightened sin tax proposals and the extension […]

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Five Newsworthy Things in SA 19th February 2024:

News in South Africa 19th February: 1. Petrol price storm approaches: South African consumers are heading into a fuel price storm, with a petrol and diesel hike coming in March, possible fuel tax hikes in April, and the wider impact on transport, shelf prices and inflation likely to be felt in the months that follow. […]

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Five Newsworthy Things in SA 16th February 2024:

News in South Africa 16th February: 1. Bad news for taxpayers: The Finance Minister will likely announce an increase in tax rates in the Budget Speech later this month as the government’s revenue collections continue to disappoint, leaving a gap of R15 billion to be filled.  This is feedback from financial services firm PwC, which […]

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Five Newsworthy Things in SA 12th February 2024:

News in South Africa 12th February: 1. Budget Speech incoming: Budget Speech season is here and based on Finance Minister Enoch Godongwana’s mid-term presentation, we can expect many complex challenges to be unpacked. Godongwana has projected that the government will miss its revenue targets by nearly R57 billion for the 2023/24 tax year, and then […]

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Five Newsworthy Things in SA 30th October 2023:

News in South Africa 30th October: 1. Midterm budget this week: As Minister of Finance, Enoch Godongwana prepares to deliver his mid-term budget speech this week, he said that if the country doesn’t cut expenditure and increase borrowing, it will be out of cash by the end of March 2024. He made the comments at […]

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Five Newsworthy Things in SA 22nd February 2023:

News in South Africa 22nd February: 1. Finance budget speech today: Finance minister Enoch Godongwana will on the 22 February 2023 (today) deliver his budget speech. Child support grant: Human rights group Black Sash has called for the National Treasury to double the cost of the child support grant from R480 to over R800. The […]

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Five Newsworthy Things in SA 12th November 2021:

News in South Africa 12th November: 1. Budget speech receives mixed reviews: Finance Minister Enoch Godongwana’s Medium-term Budget Policy Statement (MTBPS) has received mixed reaction, with some opposition parties welcoming his stance on government spending. Tabling his statement, Godongwana said that consolidated government spending was expected to increase over three years. But he announced no […]

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Five Newsworthy Things in SA 11th November 2021:

News in South Africa 11th November: 1. Mid-Term budget speech today: Finance minister Enoch Godongwana will deliver his maiden Medium Term Budget Policy Statement (MTBPS) at 14h00 on Thursday (11 November). The MTBPS can be viewed through several channels, including TV services like DStv, news channels, and live-streaming sources like YouTube. You can watch the […]

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Five Newsworthy Things in SA 8th November 2021:

News in South Africa 8th November: 1. Load shedding crisis: South Africa’s load shedding crisis could escalate as Eskom’s relationship with service providers, Tenova Mining and Minerals SA, has reportedly soured to the point that critical work at the Kusile power stations has stopped. A contractual dispute with Eskom has reportedly led to work on […]

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