The Organisation Undoing Tax Abuse is concerned that government has introduced a new tax on fuel (referred to as a carbon tax) at 9 cents per litre on petrol and 10 cents per litre on diesel which comes into effect on 5 June 2019. This new tax will impact on individuals and the transport industry, pushing up the price of consumer goods along with the other fuel levy increases. “This tax is a cynical abuse of public sentiment under the guise of tackling climate change, which is an … [Read more...] about A new fuel tax without clarity is unacceptable
budget
The Full 2019 Budget Speech
The Minister of Finance, Mr T Mboweni, gave his Budget Speech on the 20 February 2019: Madam Speaker, Mr President, Mr Deputy President, Cabinet Colleagues, Governor of the South African Reserve Bank Honourable Members, MECs of Finance, Fellow South Africans: Goeie middag Sanibonani Molweni Avhusheni On October 9, 2018, I stood before Judge Babalwa Mantame and took an Oath of Office. I said: “I will be faithful to the Republic of South Africa and will obey, respect and uphold the … [Read more...] about The Full 2019 Budget Speech
2019 Budget Speech
Following the conclusion of President Cyril Ramaphosa’s State of the Nation Address (SONA) and the debate by Members of Parliament - the focus now turns to the 2019 Budget. On Wednesday, Finance Minister Tito Mboweni is scheduled to deliver the 2019 Budget Speech and introduce the associated Bills during the plenary sitting of the National Assembly. The speech will give details of spending and revenue collection plans to carry out the programme presented in the SONA. The Minister of … [Read more...] about 2019 Budget Speech
Bhisho News: Mabuyane’s R675m top-up budget
Mabuyane’s R675m top-up budget: Mabuyane was tabling the mid-term budget at the Raymond Mhlaba chambers in Bhisho on Thursday. He said the R300m injection into the health department had been ring-fenced specifically “to pay service ... Source: "Bhisho" - BingNews. R55m to assist those affected by drought in EC: Tabling his maiden mid-term budget speech at the Bhisho legislature on Thursday, finance MEC Oscar Mabuyane said the R55m included R20m to buy fodder as part of the state’s … [Read more...] about Bhisho News: Mabuyane’s R675m top-up budget
Tito Mboweni and his Medium Term Budget Promises – Huge Shortfall Predicted
Newly appointed South African Finance Minister, Tito Mboweni is currently busy with his Medium Term Budget Speech in Parliament. Below are some of the highlights so far: https://youtu.be/tdGpOFmLUAI Growth outlook revised downwards South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday. “The National Treasury forecasts that GDP growth will slow to 0.7% in 2018, down from 1.3% last year, before rising to 1.7% in 2019 and 2.1% in … [Read more...] about Tito Mboweni and his Medium Term Budget Promises – Huge Shortfall Predicted
Municipal IDP meetings to start on Monday
It is the Nelson Mandela Bay Metropolitan Municipality's legislative duty to be inclusive in decision-making processes by allowing residents and stakeholders an opportunity to participate through public participation processes. To this end, the NMBMM are hosting a number of Integrated Development Plan (IDP) meetings from Monday, 20 August until Thursday, 13 September. On Monday, a special session will be held for municipal unions at the Woolboard Exchange Building from 10:00 followed by two … [Read more...] about Municipal IDP meetings to start on Monday
Grahamstown in the news: PSAM hosts discussion on improving public access to government budget data
PSAM hosts discussion on improving public access to government budget data: Cecile van Schalkwyk, who is an attorney at the Legal Resources Centre (LRC) in Grahamstown, commented on this. “From a civil society perspective, we often experience challenges with budget informatio... Source: "Grahamstown" - BingNews. Stop poisoning minds on National Arts Festival: As the chair of the Grahamstown Business Forum I am infuriated by your article titled “Arts fest seems to be losing its fizz”. It … [Read more...] about Grahamstown in the news: PSAM hosts discussion on improving public access to government budget data
Residents cry out for jobs
IDP and Public Participation meetings currently under-way continue to draw crowds hungry for accelerated service delivery, job creation and crime reduction. The meeting held yesterday evening, April 20, 2018 in the Chatty Community Hall was no different. Hundreds of residents from Wards 29, 41, 38, 37 and 34 flocked to the hall, many ferried by buses to be part of a meeting seeking to shape the direction and pace of service delivery in the respective wards. The meeting, chaired by PR … [Read more...] about Residents cry out for jobs
Municipality Launches IDP and Budget Public Participation Programme
It's all systems go as the Nelson Mandela Bay Municipality begins to roll out its Integrated Development Plan (IDP) and Budget Public Participation sessions across the City (9 - 18 April 2018). Today the programme launch at the Nangoza Jebe Hall was characterised by huge enthusiasm when the IDP office hosted two inaugural sessions; one for Councillors (at 10h00); and another one for Ward Committee members (at 13h00). The intention of today's meetings was to brief Councillors and Ward … [Read more...] about Municipality Launches IDP and Budget Public Participation Programme
R178 Million Windfall
The NMB Coalition Government is delighted to announce that our exceptional performance in utilising 100% of our Urban Settlement Development Grant (USDG) has resulted in us being rewarded with a R178 million windfall. The new National Treasury policy of punishing under-expenditure of grant funding and rewarding compliant and prudent utilisation thereof is a move that incentivises municipalities to focus spending on underdeveloped communities. This is an endorsement of the excellent work … [Read more...] about R178 Million Windfall
The Bay’s Budget Beaters – Featured Blog
Today's posts from our featured Port Elizabeth Blogger: The Bay’s Budget Beaters: The 2018 National Budget Speech is done and the inevitable debates completed, but have you taken a look at your own personal budget yet? One thing for certain is that your money is going to have to stretch a whole lot further. Entertainment allowances are almost always the first casualty of any budget, but rather than going out less, take advantage of some incredible specials around … [Read more...] about The Bay’s Budget Beaters – Featured Blog
Bhisho news: EC Departments of Health and Education get lion’s share of budget
EC Departments of Health and Education get lion’s share of budget: Tabling his total budget of R78.4bn in the Bhisho Legislature on Wednesday, Somyo allocated R34.7bn or 44.3% of the total budget to the Department of Education. He also allocated R23.6bn to the Department of Health, accounting for 30.2% of the 2018/2019 ... Source: "Bhisho" - BingNews. All eyes on Bhisho budget allocations: Finance MEC Sakhumzi Somyo will reveal today how the Eastern Cape government plans to spend its money … [Read more...] about Bhisho news: EC Departments of Health and Education get lion’s share of budget
How rocky has the 2018 budget left the country?
Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors. Transfer Duty and Capital Gains Tax, as well as their respective thresholds, remain at 2017 levels, offering no apparent respite to investors or homeowners. While little has changed for the property sector directly, that doesn’t mean the market will be completely unaffected in the months to come, … [Read more...] about How rocky has the 2018 budget left the country?
PE in the news: (WATCH) Budget 2018: Your TAX questions answered
(WATCH) Budget 2018: Your TAX questions answered: Studio Tel (Port Elizabeth): 083 913 8 955 (VAS rates apply) Studio Tel (East London): 083 913 8 956 (VAS rates apply) Studio Tel (Garden Route): 083 913 3 866 (VAS rates apply) Whatsapp: 0617 940 940. Use the tag 'border' or 'garden' if you're messaging ... Source: "Port Elizabeth" - BingNews. Six killed in attack on S.Africa police station: Port Elizabeth (South Africa) (AFP) - An armed gang stormed into a rural police station in South … [Read more...] about PE in the news: (WATCH) Budget 2018: Your TAX questions answered
2018 National Budget: What to expect?
The South African economy has experienced undue economic pressure and decreasing investor confidence. Pressure was undoubtedly on the South African National Treasury to take active steps to address short-comings and enable growth within the local economy. “The anticipation of 2018/2019 Annual Budget Speech is growing; with the hope that it will bring improvement in the economy, address key challenges and create tangible solutions for consumers and businesses alike,” says Hugo van Zyl: FNB … [Read more...] about 2018 National Budget: What to expect?
