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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

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 rema...
Mboweni: State Bank must operate on business principles

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

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

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

‘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’

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

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

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

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

‘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

Mboweni is optimistic

25 Feb 2021 /  Larry Claasen   1
But finance ministers always are.
Things can come right – if government rallies behind Mboweni

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

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

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.
Sars gets large injection to improve technology infrastructure

Sars gets large injection to improve technology infrastructure

25 Feb 2021 /  Amanda Visser   12
Also starts legal processes to recover unwarranted expenditure.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products May 2021 4.40%
  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 May 2021 5.00%
  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. Jun 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) Jun 2021 7.00%
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