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More by Caiphus Kgosana…
New electronic visa application system 'a game changer', says De Lille
Delegates from China, India, Indonesia and Mexico travelling to Johannesburg for the G20 Heads of State Summit in November will be able to apply for travel visas from the comfort of their own homes using a smartphone.
Budget 2022 | Tax windfall will pay for Covid-19 R350 grant & job creation projects
A R182bn tax windfall boosted by a commodity boom has resulted in a slight improvement in public finances, giving the government room to reduce borrowing, narrow the budget deficit, extend social grants and invest in job creating projects.
Budget 2022 | Treasury puts struggling SOEs on notice
Discussions are taking place over restructuring the R450bn owed by Eskom, which might see part of the entity’s debt burden moving to the state.
Commodities boom boosts tax revenue but it could be short-lived
“A surge in commodity prices has significantly improved the in-year revenue outlook, although its effect is likely to be temporary. Revenue collection remains well below pre-pandemic expectations, and in this sense the numbers flatter to deceive."
Treasury welcomes deregulation of electricity
The Treasury has described continuous power cuts implemented by Eskom as a drag on growth.
LISTEN | ‘Could we work with the ANC? Yes, absolutely’ - DA leader John Steenhuisen
DA leader John Steenhuisen believes the timing is right for a strong, centred party in SA that could “break the logjam of politics”.
Government warns on rising debt: Budget 2021 spending goes to learning, grants and health
The government has sounded another debt warning as costs to service its debt soar to just under R1-trillion over the next three years, eclipsing all items except social spending.
Personal income tax unchanged, to help households & stimulate economic recovery
The government is also providing a further R13.4bn in tax relief to households through raising personal income tax brackets and rebates by 5%, according to the National Treasury.
Here's how government plans to spend tax money better — and who gets extra cash
The National Treasury has called for “high-level policy discussions” on the size of government departments and public entities; financial support to students in the higher education sector; housing delivery programme; and subsidies to urban transport modes.
Taxes will increase as government needs extra R5bn in 2021/22
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.























