Treasury
Masondo: Raising taxes has not paid off in closing spending and revenue gap
Deputy Finance Minister David Masondo said economic growth had continued to slow down despite the strategy to raise taxes. He also said more needed to be done...
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R4.3bn set aside for vaccine may not be enough, Treasury's Mogajane tells MPs
Treasury wants to tap into its contingency reserves to help fund the country’s COVID-19 vaccination programme.
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Zondo investigators, lawyers not paid for 5 months: report
'Business Day' reported that the secretary of the commission blamed the non-payment on delayed disbursements from Treasury.
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FFC questions whether Mboweni's Budget is in line with the Constitution
FFC deputy chair Michael Sachs said this could be the first time that a Budget had been tabled, which envisaged a reversal in achieving what was set out in the Bill of Rights.
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Public sector unions to table wage demands before govt
This follows weeks of demands consolidation among the unions as government warned of the risks that would accompany any salary increases during this round of negotiations.
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Slow vaccine rollout could hamper SA’s economic recovery – Treasury
Finance Minister Tito Mboweni and Treasury officials have been briefing Parliament's finance and appropriations committee on the 2021 budget on Thursday.
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A dud Budget Speech: Black Sash not pleased with low increase on social grants
The organisation has criticised the low increase in social grants.
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Govt forges ahead with intention to cut public sector wage bill
They include exploring getting rid of some allowances and benefits while reviewing pay progressions.
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Finish by D-day: Mboweni makes it clear Zondo Inquiry won’t get more money
He was speaking at a briefing after delivering his Budget speech on Wednesday afternoon.
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Treasury to allocate extra R7bn for provision of vaccine procurement
In his budget speech earlier on Wednesday, Finance Minister Tito Mboweni announced additional funds for the country’s vaccination campaign.
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Govt allocates over half of R2 trillion spending budget to social services
Culture and learning remain the largest spending area at R402.9 billion with the bulk of that allocation earmarked for salaries.
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Mboweni unveils R2 trillion Budget, focus on vaccine rollout, efficient spending
With the ravages of COVID-19 and the associated lockdowns eroding an already shaky economy, the Finance Minister and his team at Treasury have a particularly hard task this year.
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Revenue collection from taxes looking good despite second wave, says Treasury
During the MTBPS in October, Tito Mboweni said they wanted to raise R40 billion through additional taxes in the next four financial years.
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Economists warn govt against further tax hikes to pay for COVID vaccines
National Treasury has suggested that higher taxes could be one way of financing the vaccines, which are critical for saving lives.
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Education Dept vs Treasury: See-saw over pay leaves teaching assistants in limbo
Treasury says provinces must pay teacher assistants who weren't paid December salaries, but the national Basic Education Department says Treasury made funds available.
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ZWELINZIMA VAVI: Stop merely discussing the basic income grant
The state must implement the basic income grant now if it wants to retain any semblance of legitimacy, writes Zwelinzima Vavi.
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Business sector concerned about little being done to improve investor confidence
Although Finance Minister Tito Mboweni listed efforts to restore business confidence in the country the organisations said this was not enough with government failing on the implementation front.
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SA economy in desperate need of private sector investment - economist
Finance Minister Tito Mboweni painted a grim picture saying the country's deficit has more than doubled from 6,4% of GDP in the 2019/2020 financial year to 15,7% this year.
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READ: Tito Mboweni’s medium-term budget policy statement
The Finance Minister delivered his medium-term budget policy statement in the National Assembly on 28 October 2020.
