Business

Who gets to raise VAT? Godongwana takes ministerial powers fight to ConCourt

Johannesburg – Finance Minister Enoch Godongwana is defending the Treasury’s power to change South Africa’s value-added tax (VAT) rate... Read more

28 Aug

Business

Treasury lifts funding freeze on 42 municipalities

Johannesburg – National Treasury has reinstated the July equitable share allocations of 42 of the 69 municipalities whose funding was... Read more

21 Jul

Business

South African beer drinkers brace for bad news

Cape Town – The Beer Association of South Africa (BASA) has warned that National Treasury’s proposed alcohol excise reforms... Read more

21 Jul

Business

Treasury says freezing R13.5bn for 69 municipalities should not disrupt services

Abandoned infrastructure, such as the ill-fated Water World project in KuGompo City, are a hallmark of financially mismanaged municipalities.... Read more

9 Jul

Countries

SRD grant increase is ‘simply unaffordable’ says Treasury

The Department of Social Development, South African Social Security Agency (SASSA) and National Treasury want a ruling that declared... Read more

26 Jan

Business

VAT U-TURN! – Treasury drops hike after public outcry

Cape Town – The South African Treasury has reversed the proposed VAT increase, maintaining the rate at 15%. The... Read more

24 Apr, 2025

Doge today

Musk’s DOGE team raises major cyber security concerns

Washington – Young engineers deployed across the US government as part of Elon Musk’s Department of Government Efficiency have... Read more

15 Feb, 2025

Business

Activists welcome Treasury’s proposed minimum alcohol price

The National Treasury has proposed raising excise taxes and introducing minimum unit pricing on alcohol to help curb harmful... Read more

20 Nov, 2024

Business

Half a billion in unspent funds returned to Treasury by Gauteng department

The Gauteng social development department has returned R554-million in unspent funds to Treasury.  By Daniel Steyn The Gauteng Department... Read more

6 Sep, 2024

Business

Transnet receives R47b bail-out as Gordhan seeks private sector assistance

Cape Town —  Crisis-hit rail network, Transnet, has received a R47b bail-out from National Treasury despite Public Enterprises Minister... Read more

1 Dec, 2023