Limpopo street vendors urge Godongwana not to increase VAT

FILE | A street vendor stands by her stall. Street vendors in Polokwane, Limpopo, say Finance Minister Enoch Godongwana should not increase Value-Added Tax (VAT). Godongwana will present his budget speech in the National Assembly on Wednesday. The hawkers say they started small businesses due to unemployment. According to Stats SA, unemployment stands at 31.4%…

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Debt servicing costs will be in focus during Budget Speech

Finance Minister Enoch Godongwana. Finance Minister Enoch Godongwana will take the nation into his confidence on Wednesday as to how National Treasury plans to raise additional revenue and allocate its limited resources to many of government’s priorities. And whether it is still on track to whittling down the nation’s sovereign debt and importantly, the annual…

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Government employees protest against GEMS 9.8% hike

Protestors against the Government Employee Medical Aid Scheme are seen outside the High Court in Pretoria. Government employees embarked on protests across the country, voicing their unhappiness over the Government Employees Medical Scheme (GEMS)’s 9.8 percent hike. Public servants in Kimberley in the Northern Cape took to the streets, arguing that the increase will put…

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ACSA to spend R9 billion on Cape Town International revamp

A view of the Cape Town International Airport. Cape Town International Airport (CTIA) says its main runway and Domestic Terminal Building will be revamped at a cost of around R9 billion, with construction expected to start in April, next year. The airport’s plans for upgrades to infrastructure are part of a broader R21.7 billion infrastructure…

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SARB must standardise SPR margins by commercial banks

Outside the South African Reserve Bank. By Miyelani Mkhabela The primary mission of the South African Reserve Bank (SARB) is to protect the value of the rand in the interest of balanced and sustainable economic growth in South Africa, through a monetary policy targeting inflation of 1-3% and by enhancing financial stability, acting independently and…

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