ArcelorMittal has also proposed that salaries and benefits be reduced by 20% as an alternative to retrenchments. 1 minute Members of the National Union of Metalworkers of South Africa (NUMSA) are staging a picket at the Industrial Development Corporation (IDC) offices in Sandton, Johannesburg, over planned retrenchments at ArcelorMittal South Africa (AMSA). AMSA, in which…
President Cyril Ramaphosa addresses Parliament. 2 minutes President Cyril Ramaphosa wishes to assure South Africans that Cabinet’s continuing deliberations on the Budget will deliver outcomes that will protect vulnerable citizens and lay a platform for economic growth. The President says, in a statement, that the postponement of the tabling of the Budget in Parliament was…
Minister in the Presidency Khumbudzo Ntshavheni, Finance Minister Enoch Godongwana and Director-General of National Treasury Dr. Duncan Pieterse brief the media after the budget postponement 4 minutes The South African Communist Party (SACP) says it feels vindicated by the unprecedented postponement of the tabling of the 2025 Budget today. Finance Minister Enoch Godongwana was forced…
[FILE IMAGE]: A customer in a spaza shop. 1 minute The authorities in Limpopo have urged spaza shop owners that have not yet registered their businesses to finalise their applications as the deadline looms. Spaza shop owners have one week left before the February 28 deadline. In Limpopo, more than 480 applications received so far…
Person holding rands 2 minutes Market analysts expect the rand to remain under pressure following the postponement of the tabling of the main budget by the Minister of Finance Enoch Godongwana. Makwe Masilela, founder of Makwe Fund Managers, says the rand weakened due to the budget presentation postponement. The Budget Speech will now be delivered…
1 minute The National Union of Metalworkers of South Africa (NUMSA) will hold a picket tomorrow at the Industrial Development Corporation’s (IDC) offices in Sandton, Johannesburg, in protest against planned retrenchments at ArcelorMittal South Africa. The company recently announced the closure of its steel-making operations in Newcastle and Vereeniging, a move that will result in…
Cosatu members marching. 2 minutes COSATU says it had warned government that the ANC’s proposed two percentage points increase in Value-Added Tax would negatively affect workers. The government of national unity’s disagreement on the issue led to the postponement of Finance Minister Enoch Godongwana’s Budget Policy Statement to the 12th of next month. It is…
Finance Minister Enoch Godongwana during a media briefing 3 minutes Finance Minister Enoch Godongwana says Cabinet is due to hold further discussions in order to find each other so that a newly agreed on budget could be tabled on March 12th. This follows dramatic scenes in Cape Town, where Godongwana was unable to table the…
Budget 2025 postponed 3 minutes In an unprecedented move in South Africa’s democratic-era Parliament the Budget Speech has been postponed due to parties that form the Government of National Unity (GNU) failing to agree on how the budget should be constituted. The Budget will now be tabled on March 12. Speaker of Parliament Thoko Didiza…
1 minute Minister of Finance Enoch Godongwana’s Budget Speech 2025 has been postponed. Parliamentary Speaker Thoko Didiza says the budget will be presented at a date to be announced. It is believed that the Cabinet briefing ahead of the budget led to the adjournment of the budget. National Assembly Speaker Thoko Didiza made the announcement…
