Business
Political parties divided on Fiscal Framework report adoption
NA Speaker Thoko Didiza 2 minutes Several political parties have requested National Assembly Speaker Thoko Didiza to withdraw the Fiscal Framework and Revenue Proposals report of the Standing Committee on Finance. The report was adopted by the majority of members in the committee last night. It was adopted with recommendations by ActionSA, that Treasury must…
Godongwana questions GNU member’s decision to vote against budget
Finance Minister Enoch Godongwana addresses the National Assembly Plenary Sitting for consideration of the 2025 Fiscal Framework and Revenue Proposals at Parliament, Cape Town on April 2, 2025. 1 minute Finance Minister Enoch Godongwana has questioned the decision of some Government of National Unity (GNU) members to vote against the 2025 budget, whose implementation they…
Ramokgopa unveils plans in private sector transmission projects
4 minutes Electricity and Energy Minister Dr Kgosientsho Ramokgopa has announced plans to implement multi-billion Rand transmission infrastructure projects through the private sector. This will involve the procurement of approximately 1 164 km of 400 kV lines in the Northern Cape, North West and Gauteng. The process will be led by the National Transmission Company…
Compliance concerns grow as Spaza shop registrations continue
A metro police officer stands outside a spaza shop during an operation, 2 minutes As spaza shop registrations continue, compliance concerns have been at the epicentre. This follows numerous foodborne illness cases nationwide, including a tragic incident in Gauteng last year where 23 children died after consuming snacks bought from spaza shops. During the last…
Fuel prices drop amid lower oil costs, stronger Rand
[FILE PHOTO]: A man holds a fuel nozzle at a petrol station 1 minute Motorists can expect significant relief at the pumps from Wednesday as fuel prices decrease in April. The drop is driven by lower global oil prices and a stronger Rand. The price cuts take effect at midnight on Tuesday, with the Department…
‘Two-pot contributed nearly R12 billion in tax revenue collections’
Two glass bottles illustrating the two-pot retirement system. 1 minute The South African Revenue Services (SARS) has reported that the two-pot retirement system has contributed nearly R12 billion in tax revenue collections since its implementation last year. It further notes that personal income tax was the biggest revenue contributor, with collections amounting to R733 billion….
Constructive engagements on passing the budget ongoing: DA
South African R100 notes. 2 minutes Democratic Alliance (DA) spokesperson Karabo Khakhau says constructive conversations between the DA and the ANC are underway, but there is no deal to pass the controversial budget with the Value-Added Tax hike as yet. This follows a disagreement last Friday between the two parties on the proposed VAT increase…
NW MEC for transport welcomes high court ruling on removal of BRP
North West Investment Transport 1 minute The North West MEC for Transport Management, Wessels Morweng has welcomed the ruling by the High Court in Pretoria on the removal of the Business Rescue Practitioner (BRP). The judgment was handed down electronically on the 27th of this month, enforcing the initial ruling that removed the BRP from…
Budget delay harmful to SA’s economy: Expert
[File photo] A worker counts money 2 minutes Senior Research Fellow at the Centre for African Diplomacy and Leadership at the University of Johannesburg, Dr Oscar van Heerden, says the budget cannot be delayed as its approval remains uncertain. The African National Congress-led government’s budget vote hangs in the balance after several political parties rejected…