A street money changer counts South African rands. 1 minute National Treasury says until the passing of the new Budget, government services will continue to be funded under Section 29 of the Public Finance Management Act (PFMA). This allows spending of up to 45% of last year’s Budget during the first four months, and up…
DA leader John Steenhuisen. 2 minutes Democratic Alliance (DA) leader and Minister of Agriculture John Steenhuisen says he is confident that the budget that is set to be tabled on May 21, will tackle some challenges faced by farmers. Speaking at the 142nd Bloem Show Carnival in Bloemfontein, Steenhuisen says the country has been struggling…
Nuclear power station. 2 minutes The Electricity and Energy Minister, Dr Kgosientsho Ramokgopa, says that going into peak winter, the country should not have less available electricity than the winter of last year, and hence, there should be no loadshedding. Ramokgopa was speaking on the sidelines of the second G20 Energy Transitions working group meeting…
SARS head Edward Kieswetter (L) and Finance Minister Enoch Godongwana 2 minutes The South African Revenue Service (SARS) Commissioner Edward Kieswetter says the Western Cape High Court ruling on the Value-Added Tax (VAT) hike brings some certainty on the administration of the VAT Act. SARS has assured consumers that vendors have no legal basis to…
US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington DC, US, April 2, 2025. 1 minute South African table grape producers fear that United States President Donald Trump’s trade war could undo years of hard work for the table grape industry in South Africa. This as…
File image: The South African Revenue Service (SARS) Commissioner, Edward Kieswetter addresses a media briefing. 1 minute The South African Revenue Service (SARS) Commissioner Edward Kieswetter has urged consumers to be vigilant at the point of sale to ensure that they are charged 15% Value-Added Tax (VAT) and to engage their stores should they be…
Finance Minister Enoch Godongwana tables the 2025 budget in the National Assembly in Cape Town on 12 March 2025. 1 minute Parliament will meet the deadlines in law for the adoption of the 2025 Fiscal Framework and Revenue Proposals. This is according to Parliamentary spokesperson, Moloto Mothapo. Parliament is supposed to adopt the Budget before…
[FILE IMAGE] Boat on the sea. 2 minutes Small Business Development Minister, Stella Ndabeni says the oceans economy is South Africa’s next gold mine and it’s important that everyone, including those in the townships and villages, benefit from it. She was speaking at the first provincial G20 launch taking place in Gqeberha over the next…
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol 2 minutes After years of waiting, Amazon has finally launched its Kuiper internet satellites. The tech giant launched its first 27 satellites into low-Earth orbit from Florida on Monday, kicking off deployment of a broadband-from-space…
MK Party flag. 2 minutes The MK Party says it has deliberately decided not to involve itself in the ongoing debate over the reversal of the Value Added Tax (VAT) increase. MK Party Secretary-General Floyd Shivambu addressed members during a mini rally held in Mdantsane, Eastern Cape, yesterday. Finance Minister Enoch Godongwana recently submitted documents…
