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LATEST Budget  

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

[PODCAST] Good budget but lots of work to do to make it into reality

24 Feb 2021 /  Simon Brown   
Moneyweb's Simon Brown spoke to Dawie Roodt of Efficient Group, Busisiwe Mdletshe - CEO of BTMT Capital, and Sandile Zulu - President of the Black Business Council, in a special budget 2021 broadcast on SAfm.

SA budget lifts rand to 13-month peak, bonds rally

24 Feb 2021 /  Karin Strohecker, Reuters   1
The rand strengthened as much as 1% versus the dollar to R14.39.

Structural reforms: Some progress

24 Feb 2021 /  Larry Claasen    1
Early victories for Operation Vulindlela.

SA to bailout Land Bank after debt default

24 Feb 2021 /  Rene Vollgraaff, Bloomberg   2
Will receive R5 billion in 2021-22, and R1 billion in each of the two subsequent fiscal years.

End of the road for Section 12J

24 Feb 2021 /  Larry Claasen   2
The incentive will come to an end at the end of June.

Treasury puts the brakes on the wage bill

24 Feb 2021 /  Jan-Jan Joubert   6
Government buoyed by the Labour Appeals Court judgment limit increase for the next three years.

Tax relief for embattled taxpayers, but not all is rosy

24 Feb 2021 /  Amanda Visser   15
Above-inflation increases in alcohol and tobacco excise duties announced.

Government pays, settles R267m demand for SAA guaranteed letters of credit

UPDATE
24 Feb 2021 /  Roy Cokayne   1
Budget Review reveals additional R4.3bn allocation to SAA in 2020/21 and R1.8bn in 2022/23.

Infrastructure spending boost in the budget

24 Feb 2021 /  Roy Cokayne   1
Infrastructure expenditure estimated to increase by 20.6% to R226.1bn in 2020/21.

Eskom unbundling expected to be completed by December 2022

24 Feb 2021 /  Thando Maeko    2
Will be separated into three divisions – transmission, generation and distribution.

Government targets tax incentives because of ‘persistent trade-off’

24 Feb 2021 /  Amanda Visser   
Section 12J sunset date will not be extended.

Mboweni surprises: 2020 budget deficit revised down to 14% of GDP

24 Feb 2021 /  Suren Naidoo   1
But this still comes in at a record high due to the Covid-19 economic fallout.

Slight relief from the impact of Covid-19

24 Feb 2021 /  Amanda Visser   
Companies claim R57.3bn from Ters scheme.

Treasury allocates R9bn to SA’s Covid-19 vaccination plan

24 Feb 2021 /  Suren Naidoo    2
Estimates overall roll-out of ‘free mass vaccination campaign’ will cost R19.3 billion.

LIVE ARCHIVE: Watch the budget speech

UPDATE
24 Feb 2021 /  Footage: SABC   1
Read Finance Minister Tito Mboweni's full speech.

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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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