News in South Africa 25th February: 1. Budget speech – response largely positive: he response to National Treasury’s 2021 budget has been broadly positive, with analysts praising the finance minister for sticking to his guns on cutting spending, while dropping plans to raise more taxes. However, it has not been without controversy, particularly from the […]
News in South Africa 24th February: 1. Budget speech at 14:00 today: Finance minister Tito Mboweni will deliver the 2021 budget this afternoon at 14h00. Analysts and economists are not hopeful of any significant strides in turning the South African economy around, given tight budgetary constraints and little wiggle room on both the revenue and […]
News in South Africa 22nd February: 1. Tito’s Budget Speech this week: The week will be dominated by finance minister Tito Mboweni’s Budget 2021 on Wednesday. While government’s tax income was hit by the pandemic, including bans on cigarette and alcohol sales, there has been a surge in tax from mining companies – which is helping […]
News in South Africa 19th February: 1. Third Covid wave coming: As South Africa settles down from the second wave of Covid-19, government officials and health experts are all expecting a third wave to hit the country in winter. “There is no question that the second wave caught much of the world and certainly South […]
News in South Africa 28th October: 1. D-Day for mid-term budget: The medium-term budget will be announced this afternoon, and all eyes will be on government’s plans to deal with the public wage bill, its ballooning debt, and its struggling state-owned enterprises – particularly SAA. As at the latest Budget in June 2020, the Treasury estimated […]
