Fedusa outraged by tax shortfall as mini budget is tabled
Finance Minister Tito Mboweni to deliver his MTBPS on the back of a tax revenue shortfall of an estimated R50 billion for the current financial year.
30 October 2019 | Tito MboweniMore from Budget
Minister faced with arduous MTBPS task while SA expects solutions
Uasa also identified major issues that require solutions to or at least cleared up during the minister’s speech, with the first being tax revenue.
30 October 2019 | Tito Mboweni
Charts that show budget challenges for Mboweni
South African Finance Minister Tito Mboweni has to tick many boxes in his medium-term budget.
30 October 2019 | Economy
Tito Mboweni has no choice but to give water-shedding insight on a new economic strategy
The main issue, however, remains the SOE’s with no improvement in their financial positions with Eskom, the SABC and SAA technically bankrupt.
30 October 2019 | State Owned Enterprises
Why are Tito and Treasury ignoring the ANC resolutions in their economic policy?
South Africa’s economic prospects have deteriorated markedly since the crisis of 2007/8 and look unlikely to return to the pre-crisis levels let.
30 October 2019 | Tito Mboweni
MTBPS: Students may get less in future due to belting tightening
NSFAS was put under administration in 2018, and higher education, science and technology Minister Blade Nzimande has extended this to August 2020.
30 October 2019 | GDP
The real problem with SA's economy? Tough times and bad advice
President Cyril Ramaphosa and Finance Minister Tito Mboweni appear to have good intentions for the economy. But that's not enough.
30 October 2019 | Opinion
Sugar Crisis: Mboweni must stop the sugar tax to save jobs
"The sugar tax, if not reconsidered by Treasury, will be the kiss of death for an industry that supports one million livelihoods."
30 October 2019 | Economy
Nurses' association defends public sector wage bill in MTBPS wish list
Denosa reiterates Cosatu’s point that the public sector wage bill has not been increasing, and neither is it out of control.
29 October 2019 | State Owned Enterprises
Tito Mboweni's opportunity to turn the SA economy around through MTBPS
OPINION: In the search to finding sustainable solutions comes a question on how to create economic growth in South Africa?
29 October 2019 | GDP
SA expects transparency and decisive action from Mboweni
South Africans need honesty and transparency … We cannot carry on waiting for solutions while our problems are getting worse.
29 October 2019 | SARS
Gordhan unveils long-awaited plan to rescue Eskom
Public Enterprises Minister Pravin Gordhan unveiled the long-awaited plan to save the debt-stricken state power utility.
29 October 2019 | Economy
Comment: A crisis too good to waste
Finance Minister Tito Mboweni’s upcoming Medium-term Budget Policy Statement (MTBPS) is perhaps the most important for South Africa to date.
29 October 2019 | Stock Markets
South Africa's rand firms as Fed rate cut bets offset budget fears
SA’s rand firmed as bets of rate cut by the U.S. Federal Reserve outweighed fears that the medium-term budget would show wider government deficits.
29 October 2019 | Economy
Rand shines in critical week for South Africa
Medium-term Budget Policy Statement and Moody’s review will determine the road ahead for the economy.
29 October 2019 | Stock Markets
South Africa may lose Moody’s stable outlook. But it’s a close call
South Africa’s tenuous hold on the stable outlook on its sole investment-grade credit rating may slip.
28 October 2019 | Budget