The discussions surrounding tax increase proposals such as endorsed by Cosatu cannot even be contemplated without strengthening law enforcement to tackle cigarette smuggling. the association argued.
If the Aarto Acts and regulations are implemented in their current form, motorists who travel on Gauteng’s roads without paying their e-tolls will be fined R500 every time they pass under a gantry.
Banking on Zero fees
New bank enters a competitive market, where comparisons will be drawn to TymeBank, African Bank.
MTI planning countersuit following FSCA raids
The company believes move is a ‘fishing expedition’ by the regulator.
‘Some people hope nobody will check and if nothing happens, they will claim even more the next time.’ – Kimi Makwetu, Auditor-General
He dismissed claims that the R500 billion relief package was entirely lost to corruption, stating it was mostly used to ‘cushion the impact’ of the pandemic while other aspects will continue to be rolled out over the medium term.

Business News R23bn allocated to Eskom in financial support

However, the government allocation for the power utility has been reduced by R4.2 billion over the medium term.

Business News Government hands SAA another lifeline with latest bailout

The airline will receive R6.5 billion to settle its guaranteed debt and R10.5 billion to implement its business rescue plan.

Business News Extended tobacco ban contributed to low tax revenue as debt rises

‘Without a major reduction in public spending, debt will continue to accumulate and interest payments – which already consume 21 cents of every rand of main budget revenue – will crowd out other spending.’

Business News In full: Tito Mboweni’s Medium-Term Budget speech

Read the Finance Minister’s full mini budget speech here.

Business News Budget proposes public sector wage freeze for three years

‘Additional options to be explored include harmonising the allowances and benefits available to public servants, reconsidering pay progression rules and reviewing occupation-specific dispensations.’  

Business News Government allocates R6.8 billion more to extend social grants until January

The medium-term budget policy statement tabled by Finance Minister Tito Mboweni on Wednesday listed social development as one of the government’s expenditure priorities.

Covid-19 vs financial crisis

Business News Covid-19 vs financial crisis

How banks decide which loans to write off.

JSE’s road to nowhere

Business News JSE’s road to nowhere

The JSE Top 40 in dollars has struggled to gain just 20%.

Business News E-tolls here to stay and road users expected to pay – Sanral

‘I think government is notorious for speaking with a forked tongue when it comes to changing its tune to suit its conflicting agendas.’ – Outa CEO Wayne Duvenage

Business News SAA chair resigns

Gordhan expresses gratitude for her endeavours.

Distell’s new remuneration policy gets the nod

Business News Distell’s new remuneration policy gets the nod

But a critic says there is a lack of alignment between the interests of executives and those of shareholders.

Slump for construction companies on JSE as govt defaults on promised developments

Business News Slump for construction companies on JSE as govt defaults on promised developments

Construction-listed market intelligence firm Industry Insight reports that its contractors index fell by 8.1% in September as confidence in the government’s ability to deliver on promises dries up.

Business News Women, migrants the hardest-hit by Covid-19 pandemic

The findings largely pointed to the cases of Zimbabwe, Mozambique and Malawi as top providers of migrants and Botswana, Namibia and South Africa as top recipients in the SADC region.

WATCH: Lockdown times are not working for us, say tavern owners

Business News WATCH: Lockdown times are not working for us, say tavern owners

Mika said she has five staff and she was forced to rotate her staff daily so each of them could work three times a week because she cannot afford to pay each of them for a month’s work.

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