Graphic depicting a ghost worker National Treasury says a ghost worker audit has identified 4 323 suspicious cases in the PERSAL system and that a verification process is under way. The department says employees who cannot be physically verified will have their salaries withheld and their employment status suspended. It says compensation of employees accounts…
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…
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…
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…
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…
Activists opposed to budget cuts have gathered at Hanover Street in the Cape Town CBD, February 25, 2026. Activists opposed to budget cuts have gathered at Hanover Street in the Cape Town CBD ahead of a march to Parliament. This as Finance Minister Enoch Godongwana is set to deliver his budget speech this afternoon. Groups…
COSATU Flag. Congress of South African Trade Unions (COSATU) has suggested exploring alternative revenue sources, such as a one-year contribution holiday for the Government Employees Pension Fund. This suggestion comes ahead of Finance Minister Enoch Godongwana‘s Budget Speech in Cape Town on Wednesday afternoon COSATU Parliamentary Coordinator, Matthew Parks, says the one-year contribution holiday is…
