Mini Budget 2014: Finance Minister Nhlanhla Nene’s full speech

The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents):  It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more

Mini budget: Nene talks of tax reform

Tax changes are likely to be introduced in February when Finance Minister Nhlanhla Nene tables his first full budget, he signalled on Wednesday in his medium-term policy statement.

Simplifying Budget 2014: What foreigners will read from Pravin’s speech

It’s always important to pay attention to the way people elsewhere in the world will regard South Africa’s National Budget. As this Reuters piece is likely to be widely republished, it provides a useful insight into what foreigners will absorb. As always, Reuters is clear and balanced and its headline: “SA Government cuts Budget deficits … Read more

Simplifying Budget 2014: Fiscal conservativism to continue, Rand rebound justified

It’s easy to get distracted by all of the detail in the trillion rand plus Budget delivered today to Parliament by Pravin Gordhan. But the key numbers show despite this being an Election Year, feared populism has not materialised. Quite the contrary. Indeed, Treasury’s projections for the next three years reflect serious fiscal conservatism. Little … Read more