Graphic depicting debt Since 2008/09, government’s debt ratio has more than tripled however, Finance Minister Enoch Godongwana forecasts the country’s debt-service costs to fall. Godongwana says gross debt will stabilise as a share of GDP in 2025/26, at 78.9 percent. While delivering this year’s Budget Speech in Parliament, Cape Town, he said, “In 2026/27 it…
Suspect arrested during a police raid. The Hawks in KwaZulu-Natal are raiding various drug dens at different locations in Chatsworth, south of Durban. It is believed that law enforcement has been monitoring the locations for about a year. The drugs allegedly belong to known syndicates that the Hawks claim they have been investigating. A suspect…
Picture depicting online banking Those trying their luck with online gambling may soon have to pay tax on their winnings. There is a proposal for a tax of 20% on gross gambling revenue generated by online gambling. National Treasury published a draft national online gambling tax discussion paper for public comment in November 2025. The…
Sanitary pads and tampons. The National Consumer Commission (NCC) has revealed that it will be investigating nine suppliers of sanitary pads that millions of South African women and girls use monthly. The announcement comes amid a recent study conducted by the University of the Free State, revealing that certain sanitary pads and panty liners may contain harmful endocrine-disrupting…
Sassa is investigating over 177 000 public servants who are said to be receiving social grants. Social grant recipients will receive an increase aligned with the rate of inflation. Finance Minister Enoch Godongwana says, “For 2026/27, social grants are allocated R292.8 billion, enabling the increases”. National Treasury says social grants constitute the largest share of…
Suspects arrested in connection with the defrauding of the Mpumalanga Education Department make their first appearance at the Nelspruit Magistrate’s Court on February 23, 2026. More than 20 individuals involved in the R113 million fraud and corruption case in the Mpumalanga Education Department have been remanded in custody by the Nelspruit Magistrate’s Court. Magistrate Patrick Morris adjourned the matter…
South African money, notes and coins. Finance Minister Enoch Godongwana says the local economy is gaining traction, reflecting early momentum gained from the ongoing economic reforms. Godongwana presented a R2.7 trillion budget in a more positive backdrop, despite the global uncertainty that is still lurking. He says growth is gaining momentum, supported by continued structural…
Finance Minister Enoch Godongwana After two years with no inflationary relief, Finance Minister Enoch Godongwana has adjusted the personal income tax bracket and rebates to compensate individuals for the effect of inflation. Godongwana says these additional tax measures are to ease the financial burden on households and businesses. Tabling the Budget Speech in Cape Town…
Finance Minister Enoch Godongwana tables the national Budget in Parliament in Cape Town on Wednesday. LIVESTREAM:
FILE | Finance Minister Enoch Godongwana. Some parliamentary political parties do not expect Finance Minister Enoch Godongwana to make any changes to taxes when he delivers his budget speech on Wednesday afternoon. They are also calling for a budget that will reset the socio-economic challenges facing South Africans. Action SA says it does not expect…
