Finance minister tito mboweni
Public sector trade unions demand CPI plus 4% as final wage demand submitted
The demands have been submitted to the general secretary of the Public Service Coordinating Bargaining Council (PSCBC).
Finance Minister Tito Mboweni confirmed this week that provision had been made by Treasury to extend the R350 grant for unemployed people until April this year.
On Wednesday, Finance Minister Tito Mboweni announced the multi-billion rand investment to help hundreds of small businesses in townships and rural areas.
During his 2021 Budget speech on Wednesday, Finance Minister Tito Mboweni announced that drinkers and smokers will be paying 8% more.
Cosatu has criticised what it called Treasury’s failure to speed up economic development in order to create jobs, focus on supporting rural and township economies, and access to services.
Commissioner Kieswetter said that despite there not being substantive tax hikes, there was still wiggle room to improve the efficiency of collection.
Sasco was part of several civil organisations that took to the streets on Wednesday, ahead of the minister’s delivery of the 2021 budget speech.
National Treasury Director-General Dondo Mogajane said that the economy had to grow and freezing public servants' wages was not enough.
The increase in excise duties on cigarettes and alcohol was fairly predictable, with Minister Tito Mboweni explaining their decision as one not only motivated by raising, but also in the interest of health.
Treasury has stressed the importance of a smooth vaccine roll-out, with no stops and starts to break the cycle of a surge in infections and lockdowns to curb them.
The Democratic Alliance (DA)'s Geordin Hill-Lewis said that it was concerning that Mboweni did not mention what would happen to state-owned entities such as South African Airways (SAA).
While South African Airways (SAA) will this year get R4.3 billion and Eskom more than R31 billion, this was money that was allocated in previous budgets and cannot be classified as new bailouts.
During his budget speech on Wednesday afternoon, Finance Minister Tito Mboweni is expected to detail govt plans to compensate those who suffer adverse reaction to COVID-19 vaccination.
Finance Minister Tito Mboweni will deliver a difficult budget in Parliament this afternoon against the backdrop of an economy battered by COVID-19 and lockdowns and a day after unemployment figures revealed a rising number of jobless.
Opposition parties said that all indications were that Finance Minister Tito Mboweni would slap South Africans with a tax increase.
Finance Minister Tito Mboweni has made no secret of his intention to slash the bill, which tripled between 2007 and 2019.
The fiscal cliff study group first warned of the danger several years ago. It defines the fiscal cliff as the point that is reached when public servants’ wages, social grant payments and debt-service costs soak up all government revenue.
Many students don't qualify for NSFAS funding and Universities South Africa's CEO Ahmed Bawa said there needed to be more assistance for the so-called missing middle.
Ordinarily, trade unions from the different federations, including independents, consolidate their demands ahead of negotiations, however, this will not be the case this year.