Flash Briefing: Budget speech, R182bn windfall brings hope; Dlodlo, Cele play July riots blame game; “business-friendly” Jhb

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  • Minister of Finance Enoch Godongwana presented the 2022 budget speech today. BizNews founder Alec Hogg, who attended the pre-Budget lockup presser, said that Godongwana did ​​his best to instil hope on the logic that without hope there can be no confidence. In uplifting news, SA’s total tax revenue exceeded the February 2021 Budget Speech estimate by R182bn at R1.55trn. Improved revenue is primarily due to improved commodity prices, with corporate tax receipts from mining companies accounting for most of the increase. The economy is also expected to reach pre-pandemic levels of GDP this year. Hogg reported that the rebuilding of SARS is evidenced in the recruitment of an additional 490 staff and the investment of R430m in modernising its ICT infrastructure. 
  • Former state security minister Ayanda Dlodlo has washed her hands of the responsibility for the intelligence failures during the July 2021 riots that shocked the country. Testifying before the SA Human Rights Commission this week, Dlodlo said she was not responsible for other departments’ failures to deliver intelligence reports to the ministers or officials in charge. She also said that she did not have the authority to ‘declassify’ information. Dlodlo and police minister Bheki Cele were implicated in the failures that enabled rioters and looters to rampage through KwaZulu Natal and parts of Gauteng. So far, no officials have taken ownership of these failures nor been held accountable.
  • The City of Joburg has given property owners over R2.2bn in rebates over the last financial year. The city says that the rebates attempt to offer business and property owners relief during a tight economic period. The City of Joburg stressed that this forms part of its plans to make Johannesburg a “business-friendly city”. The announcement of the rebates comes a week after the city terminated services to properties that were in arrears, up to the value of R38bn in unpaid rates, taxes and levies.

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