Godongwana to shed light on how govt plans to raise more revenue

A street money changer counts South African rands. Finance Minister Enoch Godongwana will take the nation into his confidence on Wednesday on how the National Treasury plans to raise additional revenue, allocate its limited resources to many of government’s priorities, balancing between the social wage and infrastructure spending. Godongwana will shed some light on whether…

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Budget must avoid increasing debt through spending: FCC

FILE | South African rands. The Financial and Fiscal Commission (FCC) says South Africa must avoid increasing debt through spending that is not linked to economic growth. Finance Minister Enoch Godongwana is set to table the National Budget on Wednesday afternoon, which is expected to be the most market-friendly budget in years. The commission says…

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Four Mossel Bay farms test positive for FMD

Foot and Mouth Disease (FMD) vaccination drive in Fisantekraal, Cape Town. The Garden Route District Municipality has confirmed that four farms have now tested positive for foot-and-mouth disease (FMD). Municipality Spokesperson Herman Pieters says all the farms are located in the Mosel Bay area. Two weeks ago, the index farm was identified in Hartenbos. State veterinarian…

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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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Gold rush in Gugulethu settlement exposes widening poverty in Springs

Residents of the Gugulethu informal settlement searching for gold at a kraal. The recent gold rush in the Gugulethu informal settlement in Springs, east of Johannesburg, has highlighted severe financial hardships among poor communities. Statistics South Africa’s latest figures show that unemployment in Gauteng stands at 33 percent. Residents of the informal settlement say they…

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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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