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LATEST Budget  

News and coverage of South Africa’s most recent and past budget policy statements, speeches and related articles.

S&P and Fitch affirm SA’s sovereign credit rating and outlooks

22 May 2021 /  Suren Naidoo   11
National Treasury says it ‘acknowledges the pressures the country’s credit ratings face and remains committed to addressing them’.

Mboweni: State Bank must operate on business principles

11 Mar 2021 /  Thando Maeko    20
In order to get the economy to grow.

More tax incentives to be buried at sunset dates

2 Mar 2021 /  Barbara Curson   10
Treasury should publish an annual cost benefit analysis of all the tax incentives as part of the annual budget.

An austerity budget for public servants

2 Mar 2021 /  Mamokgethi Molopyane   21
Is the closing of the wage-increase tap about curbing entitlement or quashing reasonable expectations?

‘Smoke and mirrors’ from government on infrastructure expenditure

1 Mar 2021 /  Roy Cokayne   14
Claims that the budget boosts infrastructure spending exposed as false.

Car makers welcome move to curb ‘grey imports’

26 Feb 2021 /  Roy Cokayne   8
They cost the fiscus an estimated R3.8bn in uncollected taxes each year – Naamsa.

Mboweni: Private sector cannot be forced to invest in SA

26 Feb 2021 /  Thando Maeko   18
Capital investments estimated to have declined 18.4% in 2020.

Post-Budget day: Edge of a Cliff

25 Feb 2021 /  Moneyweb  
The Covid Crisis has knocked South Africa's already-teetering economy, forcing government and its citizens to find the means to deal with both the health and economic crises.

Budget signals the need for greater competitiveness

25 Feb 2021 /  Amanda Visser  
Reduction in corporate income tax rate shows government will be giving the private sector room to move.

‘We owe a lot of people a lot of money’ – Mboweni

25 Feb 2021 /  Suren Naidoo   28
Country’s gross loan debt expected to increase to R5.2trn by fiscal 2023.

Mboweni is optimistic

25 Feb 2021 /  Larry Claasen   1
But finance ministers always are.

Things can come right – if government rallies behind Mboweni

25 Feb 2021 /  Adriaan Kruger   23
'I was tempted to ask one of the members of the house how many zeroes there are in a trillion': Finance Minister Tito Mboweni.

Treasury and DPE to pilot zero-based budgeting

25 Feb 2021 /  Thando Maeko   1
Re-costed budgets to be produced in 2022/23.

E-tolls fail to feature in the budget review

25 Feb 2021 /  Roy Cokayne   11
But government stresses the importance of the 'user-pay policy' to public entities.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Aug 2021 4.60%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Aug 2021 5.20%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Sep 2021 3.50%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Sep 2021 7.00%
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