ARTICLES RELATING TO BUDGET 2012

Green light for Gordhan's adjustment budget

2012-11-21 07:27

The National Assembly has approved Finance Minister Pravin Gordhan's adjustments budget, which provides for another R11.523bn in vote allocations for 2012/13.

SA's state, household spending rises

2012-03-19 10:34

Spending growth in the economy was up in the fourth quarter last year, boosted both by the state and households, according to SA Reserve Bank data.

Consumers remain backbone of SA economy

2012-03-09 07:00

The production side of SA's economy has dampened as export demand wanes, but consumer spending is still the main driver of economic growth in most provinces.

Nuclear cost not yet clear

2012-02-28 14:52

The R300bn allocated in the Budget for building new nuclear power plants is not the final amount for the project, says Energy Minister Dipuo Peters.

Invisible but painful taxes

2012-02-26 15:45

Middle- and high-income groups have for the past 10 years paid more than 40% of their gross income in taxes and so-called invisible taxes.

Medical scheme tax credits to go to NHI

2012-02-23 17:29

Tax credits for medical aid contributions is a first step towards taxation for the national health insurance, says Sars commissioner Oupa Magashula.

Cape Town offers to share its expertise

2012-02-23 16:31

The City of Cape Town will offer its expertise on infrastructure development and public transport to the national government, mayor Patricia de Lille says.

Market doubtful of budget targets

2012-02-23 09:05

Bonds have extended losses as the market doubted that Finance Minister Pravin Gordhan's narrower budget deficit forecasts were achievable.

Video

Budget speech 2012

2012-02-23 08:24

Finance Minister Pravin Gordhan tabled a massive R1 trillion budget - a first for South Africa. Watch his full speech from Parliament.

1 comments3779 Views

Speed up low carbon economy - WWF

2012-02-22 22:27

Finance Minister Pravin Gordhan's comments on targeting carbon emissions through taxation has been welcomed by the World Wildlife Fund in SA.

No VAT for SKA

2012-02-22 22:25

Finance Minister Pravin Gordhan has announced that the Square Kilometre Array radio telescope would qualify for VAT relief.

Small-scale farmers to be trained

2012-02-22 22:25

The government is to train more than 2 000 small-scale farmers over the next year in cost effective farming methods, according to the Budget.

Gordhan warns on underspending

2012-02-22 22:25

Government departments and municipalities not spending their allocated funding will risk losing the allocations, and officials will be held liable.

Change way provinces are run - Gordhan

2012-02-22 21:06

Finance Minister Pravin Gordhan has called for sweeping changes to be made in the way provinces are run.

State leases, tenders to be policed

2012-02-22 18:26

The Treasury is to take new measures to fight corruption in the procurement process and will review the validity of all property leases signed by the state.

Denel gets R700m injection

2012-02-22 17:41

State arms firm Denel will receive funding to aid its loss-making aerostructure wing.

Domestic workers to get provident fund

2012-02-22 16:12

The state will start provident funds for domestic and farm workers by next year and look into medical schemes for the security sector.

Tax dodgers in state's sights

2012-02-22 16:12

The authorities are to clamp down on tax evaders, says the finance minister, while a voluntary disclosure programme yielded more than R1bn in revenue.

Higher levies to push up fuel price

2012-02-22 15:26

Increases to the general fuel and Road Accident Fund levies will add to the fuel price.

Tax breaks for small business

2012-02-22 14:31

The tax threshold for small businesses and micro-enterprises will be increased.

Gauteng tolls get R5.8bn respite

2012-02-22 14:04

An allocation of R5.8bn towards the Gauteng Freeway Improvement Project will see consumers receive a discount on highway tolls.

Public Works gets more for jobs

2012-02-22 14:04

An additional R4.8bn has been allocated to the expanded public works programme to aid employment.

 

Sars to clamp down on tax dodgers

2012-04-16 14:49

The SA Revenue Service will set up a unit to ensure high net worth individuals become more tax compliant, says Finance Minister Pravin Gordhan.

Gordhan: Levy can't cover roads build

2012-03-13 17:46
75 comments

Finance Minister Pravin Gordhan says if the fuel levy is reserved for road construction, it will need a tax hike of R1 per litre to cover construction costs.

Nuclear cost not yet clear

2012-02-28 14:52

The R300bn allocated in the budget for building new nuclear power plants is not the final amount for the project, says Energy Minister Dipuo Peters.

No victimisation in budget - Gordhan

2012-02-26 15:50

Finance minister Pravin Gordhan has hit back at commentators who labelled the 2012 budget as vindictive and a "deadly cocktail".

Tender watchdog to crack whip

2012-02-26 11:26

The newly-created position of chief procurement officer is meant to sniff out tender irregularities and fight procurement fraud.

Budget irks NYDA, says not enough money

2012-02-23 17:46

The National Youth Development Agency - "the organisation with the sole mandate to look after young people" - is disappointed about the reduction of its annual budget.

Gordhan impatient on youth subsidy

2012-02-23 17:29

Finance Minister Pravin Gordhan has voiced impatience with delays in the introduction of his proposed youth wage subsidy.

Budget shows confidence in SA - Sacci

2012-02-23 10:59

The budget shows South Africa can expand its economy unlike many developed countries facing economic crises, the SA Chamber of Commerce and Industry says.

Video

Politicians welcome Budget

2012-02-23 08:50

Political parties have broadly welcomed Finance Minister Pravin Gordhan's proposed 2012/13 Budget tabled in the National Assembly.

2 comments2 Views

Private sector must play its part - Gordhan

2012-02-23 07:42

Finance Minister Pravin Gordhan has called on the private sector to become more involved in the economy through the infrastructure build programme and by creating jobs.

Water boost for Cape farmers

2012-02-22 22:26

Raising the height of the Clanwilliam Dam wall will provide an additional 10 000 000m³ of water a year for downstream farmers, according to Budget documents.

No VAT for SKA

2012-02-22 22:25

Finance Minister Pravin Gordhan has announced that the Square Kilometre Array radio telescope would qualify for VAT relief.

Budget broadly welcomed

2012-02-22 22:25

Political parties and others have broadly welcomed Finance Minister Pravin Gordhan's proposed 2012/13 Budget.

Change way provinces are run - Gordhan

2012-02-22 21:06

Finance Minister Pravin Gordhan has called for sweeping changes to be made in the way provinces are run.

Sacci concerned by more business taxes

2012-02-22 18:43

The SA Chamber of Commerce and Industry has slated an increase in capital gains and corporate taxes.

Treasury to issue five new bonds

2012-02-22 17:51

The National Treasury will issue new bonds to smooth the maturity structure of its debt, according to the budget statement.

Gordhan laments high bank fees

2012-02-22 17:33

High fees for bank products undermine efforts to encourage South Africans to save more, says the finance minister.

Social grant spending to swell

2012-02-22 16:12

The number of social grant recipients is to increase to 16.7 million over the next three years.

Carbon taxes to reduce emissions

2012-02-22 16:12

The government is looking at introducing a carbon tax next as part of its commitment to reduce greenhouse gases.

Gordhan puts firm lid on spending

2012-02-22 15:13

A narrower budget deficit is likely to reassure the markets that the government is keeping spending in check.

Smokers, drinkers to choke on hike

2012-02-22 14:34

The price of a packet of cigarettes will go up by more than 55c and spirits will cost R6 more for 750ml.

R845bn to be spent on infrastructure

2012-02-22 14:04

The state's massive infrastructure drive will see R845bn go towards the medium-term expenditure framework.

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