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Tag: National Treasury

R47 Billion guarantee facility for Transnet in support of its recovery plan

Supplied (Media Release: Issued and provided by National Treasury and Department of Public Enterprises) The Minister of Finance has concurred with the Minister of Public Enterprises to issue Transnet with a R47 billion...

WCPDF reacts to National Treasury’s halt on tenders

THE recent Constitutional Court Judgment on public procurement, specifically preferential procurement, has led to National Treasury releasing an advisory note to “all organs of state” that tenders advertised after 16 February 2022...

SA municipalities expect budget deficit of R4.7bn in 2018/19 – National Treasury

The revenue for South African municipalities is expected to rise to R431.5 billion in 2019/20 and R462.5 billion in 2020/21 from a budgeted R404.6 billion for 2018/19, the National Treasury said on...

What your tax bill could look like next year

No changes to personal income tax, VAT and corporate tax rates expected. National Treasury does not expect that personal or corporate tax rates or VAT will be increased over the...

Limited room to manoeuvre as Mboweni faces mammoth task to revive SA economy

Nine years after leaving his post as governor of the South African Reserve Bank, Tito Mboweni is has been appointed as the nation’s finance minister and faces the unenviable task of...

National Treasury aims to restore SA investment grade rating

Government will engage ratings agency S&P Global on their areas of concern, while taking steps to restore South Africa's investment grade credit rating - a top priority, the National Treasury said. ...

South African real GDP growth slowed to 1.0% y/y in Q3

The South African real economic growth rate slowed to 1.0% year-on-year (y/y) in the third quarter from 1.3% y/y in the second quarter and 2.2% y/y in the first quarter, according...

Tax changes to boost revenue

Considerations are being made in the tax space to look at how government can raise revenue from Corporate Income Tax as well as Value Added Tax (VAT) receipts, the National Treasury...

Employment tax incentives leads to 270,000 new jobs

The implementation of the Employment Tax Incentive Act has resulted in 270,000 young people getting jobs ever since its inception, the National Treasury said. National Treasury spokesperson Jabulani Sikhakhane said...

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WEG Africa pioneers local manufacture of MV softstarters in SA

WEG Africa has become the first OEM to produce medium voltage (MV) softstarters in South Africa, reducing lead times for customers and supporting the...

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