Finance minister Enoch Godongwana said a runaway public sector wage bill was one of the domestic risks facing government finances in an uncertain economic environment. The government’s decision to offer a R1,000 one-off gratuity to civil…
In the midst of local businesses and residents struggling to cope with the economic effects of the national lockdown, Ndlambe Municipality has tabled a budget with extravagant expenditure. In its examination of line items for the recently…
South Africans will pay even more for alcohol and tobacco following yet another increase on sin taxes‚ announced by finance minister Tito Mboweni on Wednesday. Bubbly lovers could think twice before popping that champagne‚ as excise duty…
Finance minister Tito Mboweni delivered the nation’s mid-term budget speech on Wednesday. He described the state of the economy as flat. In February, economic growth for 2019 was predicted to be 1.5%. But now it’s expected to be just 0.5%…
It was bad news all round on Wednesday, as finance minister Tito Mboweni painted a dire picture of a government drowning in debt of about R3-trillion, with the civil servants’ wage bill among the biggest threats to SA’s finances. In a…
Last week’s open executive committee meeting was a hurried affair where councillor Ray Schenk stood in for the mayor who was finishing his round of mayoral imbizos before the end of June deadline and the end of the 2018/2019 financial…
South Africa will reach the fiscal cliff by 2042 if it does not change its ways and back up the budget speech with concrete actions, says Professor Jannie Rossouw, the head of School of Economics and Business Sciences at Wits Business…
The Automobile Association of South Africa (AA) has criticised the introduction of a new carbon tax on fuel‚ describing it as unfair for motorists and consumers. The tax was announced by finance minister Tito Mboweni during his budget…
FOLLOWING months of to-and-froing on the Ndlambe annual budget the gloves are off, with both the Ndlambe Ratepayers Forum (NRF) and the Port Alfred Residents and Ratepayers Association (Parra) are claiming foul. The NRF met with Ndlambe…
EACH year the Ndlambe municipality has to compile a budget to balance income and expenditure, and this document goes through several iterations until finally being approved by council and submitted to province for ratification and…
