Tag: budget
Tax on booze, fuel & cigarettes hiked while income tax stays put
The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to...
Emergency budget misses the mark for SMEs
Traditional bank lending is inadequate to support small businesses
There was little in the supplementary budget for small and medium enterprises (SMEs) to cheer about, according to Guy Hosking, Chief Financial Officer...
South Africa’s budget deficit, debt seen widening as virus hits economy
South Africa’s budget deficit is projected to widen sharply while debt is seen ballooning significantly, the Treasury said on Wednesday, as the COVID-19 pandemic further stifles the recession-hit economy.
In a supplementary budget in response...
How to stretch your Rands and cents in these trying times
The current economic environment coupled with further challenges of income instability that COVID-19 brings requires consumers to cultivate good money management habits, focus on essentials, curb unnecessary spending and pay of...
Budget 2020: the right intent, but the challenge remains daunting
BUDGET 2020 is the best we could have hoped for in difficult circumstances. In essence, it aims to constrain consumption spending relative to capital expenditure, while recognising that persistent tax increases...
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Modernised building utilities save money and resources
Water resources are under significant pressure, pushed to the brink by the modernising world, rapid urbanisation, and population growth. Utility management philosophies had not...