Budget 2015: SA’s Debt:GDP ratio – Scariest graphic in Nene’s package
In the Budget Press Conference I asked Nene how “hard” the 44% projection is – because in 2012 his predecessor Pravin Gordhan put the peak, in 2015, at 38%.
Budget
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South Africa raises income taxes for first time since 1995
South Africa will raise income taxes for the first time in twenty years, Finance Minister Nhlanhla Nene said in a gloomy budget speech on Wednesday, as he cut economic growth forecasts and widened budget deficit estimates.
SA widens 2015/16 budget deficit forecast to 3.9%
South Africa expects a budget deficit of 3.9 percent of GDP for the 2015/2016 financial year, wider than its 3.6 percent forecast in October as weak economic growth keeps revenues low, Finance Minister Nhlanhla Nene said on Wednesday.
SAICA’s Muneer Hassan: Enough already – too heavy a tax burden on individuals
In this Budget 2015 review, SAICA’s Muneer Hassan frets about the way Minister of Finance Nhlanhla Nene defaulted to plucking his golden goose – individuals.
Sizwe Nxedlana: Highlight is consistency, but opportunity lost on fuel levy
Sizwe Nxedlana believes Finance Minister Nhlanhla Nene could have implemented an even bigger increase in the fuel levy (up 80.5c a litre), he expands in this interview.
Nazmeera Moola: Budgeting 7.7% more for public sector wage bill “sends wrong message”
Nazmeera Moola, is sanguine about most aspects of Budget 2015 – including the opportunistic timing of the R17bn extra fuel tax.
Matthew Lester: Budget 2015/16 – Is the new South Africa sustainable?Â
The policy changes of government will cost a fortune. With tax revenue streams showing little real growth, the changes are not sustainable. – Matthew Lester gives commentary on the income tax tables released earlier in today’s Budget.
#Budget 2015: Martyn Davies – How would BRICS judge Nene?
Frontier Advisory CEO and China specialist Dr Martyn Davies reckons SA’s BRICS partners wouldn’t be applauding the 2015 Budget Speech.
Budget Speech: Food Security an absolute priority
Food security remains a top priority, with 1000 farms set to benefit from a recapitalisation and development programme, Finance Minister Nhlanhla Nene announced on Wednesday
Minister Nene’s statement on SARS’ governance arrangements
Minister of Finance, Mr Nhlanhla Nene’s statement on SARS’ governance arrangements.