Tag: social grants

The shocks, surprises and shortfalls in the initial budget on 19 February 2025 made way for a reworked National Budget. This new budget is marked by cuts, compromises and curveballs. Although Finance Minister Enoch Godongwana’s first budget attempt was unexpectedly stopped three weeks ago, a higher VAT rate is still on the table.

Committing to maintaining sustainable public finances proves to be challenging amidst a geopolitically tense global environment, less favourable growth in the global economy, and persistent energy and logistics obstacles locally. These factors collectively jeopardise government revenue growth, widen the budget deficit, and increase the country's debt ratio.

The 2024 Budget was tabled to Parliament on 21 February 2024 by South African Finance Minister Enoch Godongwana. Tax Pocket Guide Honourable Speaker, Nosiviwe Mapisa-Nqakula His Excellency,...

As South Africa’s electricity crisis worsens, accompanied by increased interest rates, food and petrol prices, the country's potential to enter a recession rises exponentially. As most economists have noted, South Africa presently falls short on both micro and macroeconomic benchmarks, from exports and imports to infrastructure development and ballooning interest rates.

There are multiple benefits which companies can derive either in employing people with disabilities, or in procuring goods or services from them within the businesses supply chain.

The Finance Minister, Tito Mboweni, used the opportunity in the National Budget Speech to address the concerns raised by many South African citizens, corporates and international ratings agencies.

Oxfam is at it again. With their latest report we are back to the same old mantra: wealth inequality is on the rise and the only solution is to tax the hell out of the rich. Further reflection reveals that the solution isn’t that simple. But first, some relevant distinctions.