-
Tax hike would be detrimental for battling S. Africans, warn opposition parties
Opposition parties said that all indications were that Finance Minister Tito Mboweni would slap South Africans with a tax increase.
-
Public wage bill a major issue for Mboweni, trade unions ahead of Budget speech
Finance Minister Tito Mboweni has made no secret of his intention to slash the bill, which tripled between 2007 and 2019.
-
Concerns over SA's fiscal cliff raised ahead of Mboweni's Budget speech
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.
-
Debt, COVID-19 financial woes threaten to end dreams of thousands of students
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.
-
EXCLUSIVE: Public sector wages: 10% salary increases could be tabled
Ordinarily, trade unions from the different federations, including independents, consolidate their demands ahead of negotiations, however, this will not be the case this year.
-
Fears of tax revolt as alcohol firms struggle with excise taxes due to booze ban
The liquor industry is calling on government to provide some relief when it comes to specific taxes this year.
-
Numsa slams 'disgraceful' Mboweni for his Twitter comments on SAA
Finance Minister Tito Mboweni on Sunday night asked his nearly one million followers on Twitter if the country needed a national airline.
-
Mboweni: Fitch & Moody's credit rating downgrades painful
Reacting to the news, Finance Minister Tito Mboweni said that there was an urgent need for government and its social partners to implement structural reforms to avoid further harm to the country's sovereign rating.
-
Mboweni positive on SA economy as Parly approves MTBPS fiscal framework
Separate sittings of the National Assembly and the National Council of Provinces (NCOP) on Wednesday gave the green light.
-
Courts, police, defence set for significant budget cuts over next 3 years - FCC
Financial and Fiscal Commission deputy chairperson Michael Sachs said that allocations to national departments were set to fall in rand terms over the next three years, with defence and the criminal justice system bearing the brunt.
-
Mboweni confident Munusamy will be cleared of wrongdoing by Zondo Commission
Finance Minister Tito Mboweni has defended employing her as his political secretary – or community outreach officer – saying that she was politically well-informed, well-connected and highly qualified for the job.
-
Mboweni warns that any slippage in fiscal framework will see debt overtake GDP
The higher the debt to GDP ratio rises, the less likely a country is able to pay down its debt and its risk of defaulting increases, with potentially ruinous consequences.
-
PSA: Workers angry with Mboweni attitude in dealing with public sector wage bill
The Public Servants Association (PSA) said that Mboweni was making announcements in Parliament which are supposed to be tabled in the bargaining forum.
-
DA to lay charges with Parly Ethics Committee over Mboweni's Tygerberg comment
The minister was speaking about support for new hospitals during his during his Medium-Term Budget Policy Statement, when he said that Tygerberg Hospital still had a black and white section and that structurally it was still there.
-
Mboweni: SAA funding the fulfillment of an obligation as SAA’s shareholder
SAA is not the only state-owned enterprise (SOE) that will get funds from the fiscus. Various SOEs will be funded to the tune of more than R20 billion over the next few years.
-
Mboweni relying on public sector wage bill reduction to shrink budget deficit
Finance Minister Tito Mboweni warned that public finances needed to be rehabilitated as efforts went into helping the economy to recover from the COVID-19 pandemic and lockdown.
-
Mboweni gives SAA R10.5bn to implement business rescue plan
Finance Minister Tito Mboweni made the announcement while delivering his Medium-Term Budget Policy Statement in Parliament.
-
Mboweni: We cannot allow SA to move towards a sovereign debt crisis
Finance Minister Tito Mboweni has presented the Medium-Term Budget Policy Statement (MTBPS) against the backdrop of growing national debt and an economy decimated by the COVID-19 pandemic.
-
WC Finance MEC hoping for positive news from MTBPS
Maynier said that he hoped there would be positive news in the form of a financial commitment to boost investment in infrastructure and upscale public employment programmes as this would promote economic growth, create jobs and provide immediate relief to struggling families.
-
Mabuza to raise Munusamy appointment to Treasury position with Mboweni
Former Tiso Blackstar journalist Ranjeni Munusamy was last year implicated at the Zondo inquiry into state capture by a senior Hawks officer of having received dubious payments.
-
Mboweni seeks to delay tabling MTBPS by a week
In his correspondence to the Speaker, Finance Minister Mboweni highlights the recent complex decisions taken by Cabinet in respect of the 2020/21 adjusted estimates.
