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SACCI seeks clarity at Budget Speech 2015

Vusi Khumalo, president of SACCI, will be seeking clarity on a number of issues at this year’s Budget Speech, they are unpacked here.

EFF: Deal with tax evasion – MTBPS response

Government must deal with tax evasion to help improve service delivery and ensure a bigger fiscus for the country, the EFF said following the mid-term budget speech on Wednesday.

SA growth forecast cut as strikes, power deficits weigh

South Africa slashed its 2014 growth expectations for the second time this year on Wednesday, with the Treasury forecasting expansion of just 1.4 percent as strikes, an electricity crunch and weak private investment take their toll.

Eskom to be boosted with R20bn cash injection

South Africa will inject 20 billion rand ($1.82 billion) cash into struggling power utility Eskom, and may also convert its existing 60 billion rand subordinated loan to equity, the National Treasury said on Wednesday.

Slightly wider 2014/15 budget deficit of 4.1% of GDP expected – MTBPS

South Africa expects a slightly wider budget deficit of 4.1 percent of GDP for 2014/15 from the 4 percent seen in February, but will rein in spending and raise taxes to get the gap down to 2.5 percent in three years, the Treasury said on Wednesday.

Mini budget: Higher learning to be boosted

Spending on post school education and training will grow faster than any other government programme over the next three years, says Finance Minister Nhlanhla Nene.