Budget Speech

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  • Budget 2019: What it means for the property industry
    on March 4, 2019 at 12:48 pm

    Finance Minister Tito Mboweni made his debut National Budget speech in Parliament. Here's what the property experts say about what this means for real estate, South Africa and you.Read more... | Send to a friend […]

  • Papering over the cracks
    on February 22, 2019 at 12:33 pm

    [[www.123rf.com 123rf.com]]</span>This was always going to be one of South Africa's toughest budgets with enormous pressure on government resources in an extremely difficult economic environment. Under the circumstances, relatively new Finance Minister Tito Mboweni can be praised for his disarming honesty and openness about the vast challenges that Treasury faces. Unfortunately, however, this cannot make up for the constraints currently being confronted.Read more... | Send to a friend […]

  • South Africa's budget was missing ideas from the left. Why this isn't a good thing
    on February 22, 2019 at 7:44 am

    South Africa’s Finance Minister Tito Mboweni preparing to deliver the budget. EPA-EFE/Elmond Jiyane</span>This year's South African budget gave allies of the market as much as they could expect - and labour and the left about as much as they currently deserve.Read more... | Send to a friend […]

  • Response to the 2019 Budget Speech
    on February 21, 2019 at 2:50 pm

    Similar to the 2018 Medium-Term Budget Policy Statement (MTBPS) this budget was very closely watched with many hoping for clarity on the future direction. In the current environment there are more questions than answers and more groups with different views and interests than what the fiscus can allow.Read more... | Send to a friend […]

  • #BudgetSpeech2019: Will it lead to more doctors being sued for negligence?
    on February 21, 2019 at 12:16 pm

    Photo: David Harrison</span>Legal claims against the department now amount to more than half of some provincial health budgets. Less money now will only mean more claims later.Read more... | Send to a friend […]

  • #BudgetSpeech2019: Smokers, drinkers to feel the pinch following sin tax hikes
    on February 21, 2019 at 10:29 am

    In Finance Minister Tito Mboweni's first Budget Speech since his appointment, he announced that sin taxes on alcohol and tobacco will rise by the above-inflation rate of between 7.4% and 9%. The hike is expected to bring in an additional R1bn in revenue.Read more... | Send to a friend […]

  • #BudgetSpeech2019: Structural reforms outweigh decimal points deteriorations in the figures
    on February 20, 2019 at 2:33 pm

    Isaah Mhlanga, executive chief economist, Alexander Forbes</span>Finance Minister Tito Mboweni's maiden Budget Speech is a structural reform budget, which aims to reduce the immediate fiscal and economic risks posed by Eskom's and other state-owned enterprises' (SOEs) unsustainable balance sheets and operational models. Without a doubt, the fiscal numbers show a marginal deterioration when compared with the 2018 Medium Term Budget Policy Statement (MTBPS) and slightly more so if we compare with the 2018 Budget Review.Read more... | Send to a friend […]

  • #BudgetSpeech2019: Dear Mr Minister
    on February 19, 2019 at 6:55 am

    Andrew Duvenage,managing director, NFB Private Wealth Management.</span>Over the years your predecessors have consistently increased the pressure on high net worth individuals in their annual budgets. Currently the top 2% of earners account for between 25% and 35% of South Africa's total revenue.Read more... | Send to a friend […]

  • #BudgetSpeech2019: Hoping for a great escape
    on February 18, 2019 at 10:05 am

    Craig Pheiffer, chief investment strategist at Absa Stockbrokers and Portfolio Management</span>Legendary escapologist Harry Houdini began his career escaping from handcuffs but later went on to dazzle audiences with escapes from large milk cans, his specially designed Chinese water torture cell and buried caskets. The difficulty of the escapes was often ratcheted up by binding the escape vessels with chains and locks and restricting Houdini's movements with a straight jacket.Read more... | Send to a friend […]

  • #BudgetSpeech2019: What should franchise businesses look out for?
    on February 18, 2019 at 8:40 am

    Franchise business owners are waiting with bated breath for the outcome of the 2019 National Budget Speech to be delivered by Minister of Finance, Tito Mboweni, as they seek more opportunities to increase their contribution to GDP.Read more... | Send to a friend […]