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

Charts showing what to look for in Mboweni’s budget

23 Feb 2021 /  Prinesha Naidoo   5
Expected to outline steps to revive an economy.

Wealth tax unlikely, says audit firm EY

23 Feb 2021 /  Ekow Eghan   4
Budget is expected to focus on the trend of tax enforcement and improved collections.

Budget week – all eyes on Mboweni

22 Feb 2021 /  Busi Mavuso   5
'We need to be investing in a state that can manage a growing economy and efficiently deliver public services to all South Africans.'.

Mboweni must revive economy while trimming budget

22 Feb 2021 /  Prinesha Naidoo and Sarina Yoo, Bloomberg   4
Budget gap may narrow due to higher tax collections.

Is a corporate excess profits tax on the cards?

22 Feb 2021 /  Barbara Curson   5
Rather than increase taxes for citizens – who have reached their taxation ceiling – an unprecedented solution may be in order.

SA’s Covid-19 Loan Guarantee Scheme ‘largely dead’ – Intellidex

22 Feb 2021 /  Suren Naidoo   4
But there is ‘good reason for it to come back to life in a new form’ with the potential of future ‘lockdown waves’.

A glimmer of hope for the budget

19 Feb 2021 /  Simon Brown   3
The fiscal situation is ‘less horrible now, but in the end our budget deficit is probably going to be a little bit smaller’ – Wikus Furstenberg from Futuregrowth Asset Management.

No matter the label, SA has little tolerance for tax hikes

4 Feb 2021 /  Amanda Visser   36
Plugging the leaks would be better than resorting to a wealth tax, vaccination tax, solidarity tax, or general tax increase.

State wage bill ‘a critical impediment to SA’s economic recovery’ – Busa

9 Nov 2020 /  Suren Naidoo   9
Country faces fiscal cliff if issue is not addressed.

Budget lacks detail on reform implementation: Moody’s

30 Oct 2020 /  (Reporting by Olivia Kumwenda-Mtambo   1
Ratings agency says debt will increase.

Cosatu: ‘We’re not going to entertain an across-the-board wage freeze’

30 Oct 2020 /  Suren Naidoo   39
Plan to slash public-sector wage bill needs to focus on ‘overpaid senior executives and politicians’.

The #MTBPS2020 in five charts

29 Oct 2020 /  Larry Claasen   1
Finance Minister Tito Mboweni has to walk a fine fiscal line.

SA’s waning economic fortunes demand harsh policy adjustments

29 Oct 2020 /  Michael Sachs   4
Who will bear the brunt?

This is where SAA got its R10.5bn from

29 Oct 2020 /  Adriaan Kruger   30
Police lost R1.1bn of its budget, primary schools lost R276m and even people with disabilities had to contribute.

Webinar recap: Making sense of the mid-term budget

29 Oct 2020 /  Moneyweb  
This discussion with Dr Adrian Saville, Dr Iraj Abedian, Sizakele Marutlulle, Dr Azar Jammine and Ryk van Niekerk followed the MTBPS announcement.


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Moneyweb is a financial, investment news provider and not a tax- or financial advice authority. Please contact Sars or a registered tax practitioner for any tax-related queries.


  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Apr 2021 3.20%
  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 Apr 2021 3.60%
  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. May 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) May 2021 7.00%

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