The government is projecting tax increases of R5bn in the next financial year as decreasing tax revenue and increasing debt to fund high spending bite. It is also warning that SA could default on its sovereign debt repayments if urgent…
Departments losing out to SAA features highly, as does a long-term plan for bringing down the country’s debt burden The National Treasury has put the brakes on the onerous debt consolidation plans it outlined in June, reducing its planned…
The government will no longer continue with the temporary increases to social grants which were introduced to mitigate the economic effects of Covid-19 on the poor. Among the increased grants that will revert to their original amount are…
Just as they’ve left the nest, many young South Africans are moving back home again as the economy shrinks – taking with it their plans for the future. Research released by online classifieds community Gumtree on Tuesday indicates that…
Finance minister Tito Mboweni has taken exception to the Clicks shutdown led by the EFF. The beauty and health retailer made headlines after its stores were trashed following outrage over a racist advert. The now-removed advert showed the…
Outspoken finance minister Tito Mboweni has opened up about working with and for presidents during his more than 25-year career in politics. Mboweni took to his preferred medium, Twitter, at the weekend to share some of the biggest…
Eskom has failed to meet some of the conditions attached to the R59bn it received from the government last year to service its debt through the special appropriation bill. This has been disclosed to parliament by the National Treasury’s…
Finance minister Tito Mboweni is topping the trends list on Twitter, not for his cooking skills or shoes, but a late-night rant about “attacks on the ANC”. The comments were made in a series of posts late on Monday night, just after…
President Cyril Ramaphosa has “strongly reprimanded” finance minister Tito Mboweni for his tweets at the weekend criticising the removal of Zambian Central Bank governor Denny Kalyalya by President Edgar Lungu. The presidency announced on…
Finance minister Tito Mboweni has taken a swipe at individuals involved in irregular tender processes during the Covid-19 pandemic. “A tender is an ethical contract. It is not a blank cheque to deceive and steal. And stealing from unwell…
