Ramaphosa to woo Treasury's budget chief to return: If you were to ask him how many old age pensioners can receive their pension in Mthatha, he will be able to tell you." Sachs even knew how many schools were going to be built this year and what the budget allocation was for those schools, said Ramaphosa. Source: "Mthatha" - BingNews. UBUNTU STUCK AT THE BOTTOM: By the look of things, the club could even go to Christmas break without winning a match as they have the likes of University of … [Read more...] about Mthatha news: Ramaphosa to woo Treasury’s budget chief to return
budget
Residents Brave Cold to Participate
Nelson Mandela Bay residents showed their commitment to their city and its development, braving the cold, rainy weather and packing different halls across the City to attend the Municipality's IDP/Budget public participation review currently underway (18-24 August 2017). On Tuesday, the meetings were held at the Nangoza Jebe Hall (New Brighton), the Raymond Mhlaba Hall (Motherwell), the Wells Estate Community Hall and the Seaview Community Hall. Ever since they started on Monday, 21 August, … [Read more...] about Residents Brave Cold to Participate
I would have used different words …
A 30 July press release from the Metro trumpeted the following: "The new coalition government in the Bay has recorded capital expenditure of 93% in the 2016/17 financial year - the highest spend since before the 2010 Soccer World Cup." As the man in the street I would not quite understand what is being said here - after all, my boss at work is constantly telling me to cut costs and save money so how can SPENDING money be a good thing? The release goes on to say; "Paired with a collection … [Read more...] about I would have used different words …
PE in the news: Top 5 Places for an African Wildlife Safari on a Budget
Top 5 Places for an African Wildlife Safari on a Budget: Addo is a great option for a budget safari trip if you are already travelling in South Africa, as it can be easily accessed from the country’s popular Garden Route – it’s only 72km by road from Port Elizabeth in the Eastern Cape. Most famous for its ... Source: "Port Elizabeth" - BingNews. Kingston leads to mines filled with gold: Alan Greeff sends out a three-pronged attack on today in the Port Elizabeth Gold Cup over 3600m at … [Read more...] about PE in the news: Top 5 Places for an African Wildlife Safari on a Budget
Grahamstown in the news: Child welfare reels from EC budget cuts
Child welfare reels from EC budget cuts: After a century of service to thousands of children across the region, Grahamstown Child Welfare is battling to keep its head above water with its state funding slashed. The organisation is one of dozens of child welfare and child development non-profit ... Source: "Grahamstown" - BingNews. Festival footfall drop hits traders, artists: Things got off to a slow start in week two of the National Arts Festival in Grahamstown, with Dr Stef the Hypnotist … [Read more...] about Grahamstown in the news: Child welfare reels from EC budget cuts
Money mistakes to avoid
Young people should make wise financial decisions early in life to ensure they are not impacted by financial missteps committed in youth. Eunice Sibiya, Head of Consumer Education at FNB, says “There’s nothing as exciting as getting your first salary and realising that earning an income opens up many possibilities. However, this should also be the time to step back and start thinking carefully about your finances and what you want to achieve from earning an income. During this stage, every … [Read more...] about Money mistakes to avoid
Uitenhage in the news: Nelson Mandela Bay council passes 2017/18 budget with no drama
Nelson Mandela Bay council passes 2017/18 budget with no drama: “Previous administrations did not provide sufficient budget allocation to many communities, especially those in Uitenhage, Kwanobhule, Despatch, Khayamandi and the Northern Areas. The result can be seen in the rapid deteriorating infrastructure ... Source: "Uitenhage" - BingNews. … [Read more...] about Uitenhage in the news: Nelson Mandela Bay council passes 2017/18 budget with no drama
2017/18 IDP and Budget approved – Mayor’s full speech
Nelson Mandela Bay's 2017/18 IDP and Budget was approved in Council on Friday 26 May 2017. The vote was carried with a majority of 67 councillors. The ANC, AIC and UF all objected to both documents. Executive Mayor Athol Trollip's full speech is below: Honourable Speaker of Council, Cllr Jonathan Lawack Our Council Chief Whip, Werner Senekal, Members of the Mayoral Committee, All Councillors City Manager and Senior Managers Leaders from the different political parties Distinguished … [Read more...] about 2017/18 IDP and Budget approved – Mayor’s full speech
Minister Davies and Deputy Minister Magwanishe to Brief Media on The dti Budget Vote
Minister Davies and Deputy Minister Magwanishe to Brief Media on The dti Budget Vote: Members of the media are invited to a media briefing that will be hosted by the Minister of Trade and Industry, Dr Rob Davies and Deputy Minister, Mr Bulelani Magwanishe before their address to the National Assembly on the Department of Trade and Industry’s (the dti) Budget Vote. DATE: Tuesday, 23 May 2017 TIME: 12H00 VENUE: Imbizo Centre, Parliament, Cape Town There will be a video link … [Read more...] about Minister Davies and Deputy Minister Magwanishe to Brief Media on The dti Budget Vote
PEPFAR Approves 2017 Budget to Support South Africa’s Fight Against HIV/AIDS and TB
PEPFAR Approves 2017 Budget to Support South Africa’s Fight Against HIV/AIDS and TB: On April 25, U.S. Global AIDS Coordinator and Special Representative for Global Health Diplomacy, Ambassador Deborah Birx, approved PEPFAR’s $ 483 million Country Operational Plan 2017 (COP2017) budget for South Africa, an increase over 2016. The COP2017 budget will support South Africa’s HIV/AIDS and tuberculosis (TB) programs through September 2018. The U.S. President’s Emergency … [Read more...] about PEPFAR Approves 2017 Budget to Support South Africa’s Fight Against HIV/AIDS and TB
Metro set to table pro-poor draft 2017/18 budget
The eradication of bucket toilets, the establishment of a safe, reliable public transport system, the formation of a well - trained, fully compliant metro police service and the development of community spaces in poor communities. These are just some of the ways that your local government is transforming this Metro into a rising city of opportunity. The Nelson Mandela Bay Municipality is for the first time tabling a draft budget that speaks to developing one city with one future. The … [Read more...] about Metro set to table pro-poor draft 2017/18 budget
Bhisho news: High wage bill in focus ahead of provincial budget speech
High wage bill in focus ahead of provincial budget speech: All eyes will be on Eastern Cape Finance MEC Sakhumzi Somyo today as he outlines how Bhisho plans to spend its budget in the next financial year. While opposition parties said they hoped Somyo would announce concrete steps on how he planned to cut down the ... Source: "Bhisho" - BingNews. Graduates want cash for job hunting: Hundreds of unemployed graduates marched to the premier’s office in Bhisho yesterday to demand jobs. Clad in … [Read more...] about Bhisho news: High wage bill in focus ahead of provincial budget speech
Bhisho news: High wage bill in focus ahead of provincial budget speech
High wage bill in focus ahead of provincial budget speech: All eyes will be on Eastern Cape Finance MEC Sakhumzi Somyo today as he outlines how Bhisho plans to spend its budget in the next financial year. While opposition parties said they hoped Somyo would announce concrete steps on how he planned to cut down the ... Source: "Bhisho" - BingNews. Graduates want cash for job hunting: Hundreds of unemployed graduates marched to the premier’s office in Bhisho yesterday to demand jobs. Clad in … [Read more...] about Bhisho news: High wage bill in focus ahead of provincial budget speech
Tax system must be “redistributive”
Finance Minister Pravin Gordhan says the South African tax system has to be redistributive if the country is to usher in radical socio-economic transformation. The Minister said this when he interacted with captains of industry, school children and members of the public at a post-budget breakfast briefing in Newlands, in Cape Town, after delivering his Budget Speech in Parliament, on Wednesday. He said this in response to a reaction on National Treasury's decision to introduce a new tax … [Read more...] about Tax system must be “redistributive”
Budget 2017 Main Tax Proposals
The main tax proposals in the South African Budget 2017 are: A new top personal income tax rate of 45 per cent for those with taxable incomes above R1.5 million. An increase in the dividend withholding tax rate from 15 per cent to 20 per cent. Limited bracket creep relief, increasing the tax free threshold from R75 000 to R75 750. An increase of 30c/litre in the general fuel levy and 9c/litre in the road accident fund levy. Increases in the excise duties for alcohol and tobacco, … [Read more...] about Budget 2017 Main Tax Proposals
