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.
Budget
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Evaluating taxing taxes: Budget 2015 predictions from the Medium Term Budget speech
Ferdie Schneider provides a summary of the Medium Term Budget speech and what to expect from Budget 2015 using the MTBS as a foundation for analysis.
Budget Speech: Minister, turn your promises into action to halt decline in tax
The budget speech is one of the most important events of the political year because it shows not only where government is spending its money, but where that money is coming from. The trouble is that South Africa’s tax base remains worryingly constrained.
DA: Tougher action needed – MTBPS response
Government needs to take bold decisions and implement tougher measures to get the economy to recover, the DA said on Wednesday.
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: No policy shift toward privatisation on the table
Government will proceed with the sale of non-core assets, but this should not be read as a shift in policy towards privatisation, Finance Minister Nhlanhla Nene 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.