• Wednesday, March 04 2015
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Economy

Business confidence rises to near two-year high in February, Sacci index shows

Picture: THINKSTOCK
16 hour(s) ago

Sacci business confidence index rises to 92.8 from 89.3 in January, but South African Chamber of Commerce and Industry expresses concern over economy

Economy

Kagiso PMI falls in February

Picture: THINKSTOCK
1 day(s) ago

Kagiso purchasing managers index shows activity in manufacturing sector contracted for first time in four months as sector ‘takes strain’

Economy

Rand falls as trade deficit widens

Picture: REUTERS
2 day(s) ago

Magnitude of the month-on-month shortfall in the trade balance takes economists by surprise

Economy

ECONOMIC WEEK AHEAD: Data expected to show slowing manufacturing

Picture: THINKSTOCK
1 day(s) ago

So far the country has done very well in attracting capital despite all its challenges, writes Ntsakisi Maswanganyi

Business Times

Nene: No (more) tax hikes — maybe

Finance Minister Nhlanhla Nene delivers his 2015 budget on February 25.  Picture: TREVOR SAMSON
2 day(s) ago

SA’s new income-tax increases are not necessarily a harbinger of more to come

Picture: THINKSTOCK

SA policy should rather seek to focus on equality of opportunity

Using the rich as scapegoats by focusing on income inequality misdiagnoses the problem and shifts attention away from the real reason why millions are poor, writes Jasson Urbach

Business Times

Pay-hike battle a threat to SA finances

WAGE WAR: The United Front protests outside parliament ahead of the budget speech. Picture: HALDEN KROG
2 day(s) ago

Unions threaten to go on strike if Treasury sticks to pledge to keep public sector pay increases at an average level of 6.6% over each of the next three years

Economy

Economists forecast PPI will stay at record lows — for now

Picture: THINKSTOCK
5 day(s) ago

No guarantees on inflation environment with drought threatening to reverse lower food prices and no clear date on next oil price rise

Economy

Budget highlights deficit challenges for government, says Fitch

Picture: REUTERS
5 day(s) ago

Rating agency says 2015 budget statement highlights challenge government faces in narrowing fiscal deficit and containing debt without denting country’s sub-par growth

Business Times

Nene’s growth dilemma the fly in ointment

Minister Nhlanhla  Nene flanked by SARS Commissioner Tom Moyane, Deputy Minister of Finance Mncebisi Jonas, and DG Lungile Fuzile as they arrive ahead of the 2015 Budget Speech. Picture: GCIS
2 day(s) ago

Worries over R224.9bn SOE guarantees and revenue concerns blunt confidence in outlook

Business Times

Converging pressures dictate austerity

Picture: THINKSTOCK
2 day(s) ago

Nhlanhla Nene’s cap on public service pay could prompt new strikes, writes Azar Jammine

Economy

Petrol price to go up by 96c

Picture: THINKSTOCK
3 day(s) ago

Price of petrol, diesel, paraffin and liquefied petroleum gas will increase next week

Energy

Government to promote power co-generation, says Nene

Nhlanhla Nene. Picture: TREVOR SAMSON
4 day(s) ago

Addressing SA’s ‘critical energy constraints’, weak economic growth starts with ensuring Eskom is restored to financial stability, says Finance Minister Nhlanhla Nene

Economy

Budget: Nene targets the fiscal gap

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
6 day(s) ago

Power crisis can cut growth, no mention of selling assets, personal tax to rise

Economy

Budget deficit: Confident Treasury has three-year plan to hit target

Finance Minister Nhlanhla Nene. Picture: TREVOR SAMSON
6 day(s) ago

Budget review revises the 2014-15 consolidated budget deficit down to 3.9% of gross domestic product

Opinion

SA policy should rather seek to focus on equality of opportunity

Picture: THINKSTOCK

Using the rich as scapegoats by focusing on income inequality misdiagnoses the problem and shifts attention away from the real reason why millions are poor, writes Jasson Urbach

Opinion

With luck, Nene’s holding operation can work for now

Faced with load shedding and a growth outlook that is lower still, he has stayed on track to trim the deficit

Opinion

Tax and spending: Focus needs to fall on higher growth for state to meet ambitious goals

Prudent budgeting increasingly difficult as narrow tax base is squeezed tighter

Economy

Managing risk: Treasury needs to put plans in place to mitigate potential future hazards

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
6 day(s) ago

Treasury has identified several risks to its growth and fiscal trajectory over the next three years which could throw a curve ball at its assumptions

Economy

Infrastructure: Economy-boosting projects on the rise

Picture: THINKSTOCK
6 day(s) ago

Public sector spending on economic infrastructure now at highest level as a share of GDP in 25 years

Economy

Social protection expenditure increases to cater for more beneficiaries

Picture: THINKSTOCK
6 day(s) ago

Government proposes moderate increases in social grants in line with inflation projections for the first of the fiscal year and will review these in October

Budget2015

Debt service costs ‘remain a challenge’

Picture: THINKSTOCK
6 day(s) ago

Treasury says costs of financing government debt — fastest-growing component of main budget — are projected to increase

Economy

Economy likely to stage muted rebound this year, say analysts

Picture: THINKSTOCK
7 day(s) ago

Slack foreign demand and load shedding seen as headwinds to GDP growth

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON

EDITORIAL: More tax hikes on the cards

It is hard to believe Finance Minister Nhlanhla Nene’s assurances, he had already made it clear he will implement a ‘structural’ increase in tax revenue

Business Times

Give SARS a chance, says Nene, amid staff exodus

Picture: GALLO IMAGES/CHARLES GALLO
2 day(s) ago

Business leaders warn that implosion at South African Revenue Service has undermined its credibility and could even begin to affect its ability to collect tax revenues

Trade & Industry

SA trade gap widens to record as mining exports fall

Picture: THINKSTOCK
4 day(s) ago

SA’s trade deficit widens to largest since at least 2010 in January as gold and platinum exports fall and oil imports increase

Economy

Overview: Nene takes a knife to government spending

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
6 day(s) ago

Departments not involved in service delivery bear brunt, with fillip for health, education and defence

Transport & Tourism

Government honours undertaking to cut travel expenses

Picture: THINKSTOCK
6 day(s) ago

Hospitality official backs up government’s claims it has cut back spending on travel

Economy

Employment: Sober forecast for a waning growth outlook

Picture: THINKSTOCK
6 day(s) ago

Finance minister says best short-term prospects for faster growth lie in less energy-intensive sectors

Columnists

Wealth taxation: ‘Shared sacrifice’ key to courting investment and ending instability

Picture: THINKSTOCK
6 day(s) ago

South Africans have seen huge growth in their assets since the global financial crisis, writes Xhanti Payi

Economy

Personal tax: Upper bracket only will feel effect of an increase

Picture: THINKSTOCK
6 day(s) ago

Expectations of punitive tax increases for individuals prove unfounded

National

Wages of sin: Smokers and drinkers will pay more for their vices

6 day(s) ago

But there is hope for those who prefer brandy and sparkling wine

Economy

Budget: Slower revenue growth constrains spending

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
6 day(s) ago

Nene seeks improved growth performance, with a call for investment and strengthening of public institutions

National

Local economic development spending to increase

Picture: THINKSTOCK
6 day(s) ago

Budget Review says more than 90% of expenditure will be allocated to housing, services provided by local governments

National

Departments reprioritise funds to beef up corruption-busting bodies

 Picture: THINKSTOCK
6 day(s) ago

State to strengthen institutions that fight corruption, with public protector due to get R60m to increase capacity and additional R60m allocated to Financial Intelligence Centre

Economy

Budget in a nutshell: Taxes up by 1 percentage point, fuel levy to rise sharply

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
6 day(s) ago

Middle- to high-income taxpayers will be hit with a one percentage point hike in their tax rates as well as a sharp rise in the fuel levy, says Finance Minister Nhlanhla Nene in his budget speech

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