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Economy

Growth ‘not just a job for the Treasury’

Picture: THINKSTOCK
14 hour(s) ago

Entire state will have to pitch in to reach growth targets, says tax professionals president

Economy

Petrol price hike of 96c inflationary, says Reserve Bank’s deputy governor

Reserve Bank deputy governor Francois Groepe. Picture: THE HERALD
1 day(s) ago

The 96c a litre increase in petrol price this month may add ‘approximately 0.6 percentage points’ to inflation, Reserve Bank deputy governor Francois Groepe says

Economy

Operating conditions at private companies stabilise in February, PMI shows

Picture: THINKSTOCK
1 day(s) ago

Seasonally adjusted HSBC/Markit whole economy PMI rises from 49.8 in January to 50 last month as output levels increase

Economy

Davis warns VAT increases are ‘not off agenda for good’

Judge Dennis Davis. Picture: PUXLEY MAKGATHO
1 day(s) ago

The increases in personal income tax rates and the general fuel levy are expected to add R16.8bn to gross tax revenue in the 2015-16 year

Economy

SA given months to avoid junk status

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

S&P keeps eye on state wage bill, while Fitch said last week weak economic growth and a failure to boost potential growth ‘a negative rating trigger’

Picture: THINKSTOCK

REVIEW: India’s budget radically different to Nene’s

Brics member states provide perspective for SA’s policies and outcomes, writes Lesiba Mothata

Economy

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

Picture: THINKSTOCK
2 day(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
2 day(s) ago

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

Opinion

THE INSIDER: A sense of humour that could be taxing

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

Finally, a finance minister who makes fiscal consolidation seem much more palatable

Economy

Rand falls as trade deficit widens

Picture: REUTERS
3 day(s) ago

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

Business Times

Converging pressures dictate austerity

Picture: THINKSTOCK
4 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
5 day(s) ago

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

Opinion

Look to Davis for hints on where Nene is heading

A VAT hike of as much as 2% is on the cards, the political trade-off will be wealth taxes in some form

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

Energy

Government to promote power co-generation, says Nene

Nhlanhla Nene. Picture: TREVOR SAMSON
6 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 highlights deficit challenges for government, says Fitch

Picture: REUTERS
7 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

Economy

Economists forecast PPI will stay at record lows — for now

Picture: THINKSTOCK
6 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: Nene targets the fiscal gap

Finance Minister Nhlanhla Nene delivers his maiden budget speech on Wednesday. Picture: TREVOR SAMSON
7 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
7 day(s) ago

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

WAGE WAR: The United Front protests outside parliament ahead of the budget speech. Picture: HALDEN KROG

Pay-hike battle a threat to SA finances

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

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
4 day(s) ago

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

Business Times

Nene: No (more) tax hikes — maybe

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

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

Business Times

Give SARS a chance, says Nene, amid staff exodus

Picture: GALLO IMAGES/CHARLES GALLO
4 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
6 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
7 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
7 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
7 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
7 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
7 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

7 day(s) ago

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

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