Economist trashes cash pile claims

2013-04-24 12:22

Suggestions that local companies are sitting on piles of cash, but are unwilling to invest in the economy are not true, says a leading Old Mutual economist.

Budget exposes SA's fundamental conundrum

2013-03-01 18:48

The Budget Speech was like a snapshot of a car on a hill with its handbrake off - seemingly still, yet at great risk, writes Peter Attard Montalto.

How the budget affects consumers

2013-02-28 13:01

What Finance Minister Pravin Gordhan said and what it means for consumers.

Rand eases as growth concerns linger

2013-02-28 09:05

The rand weakened against the dollar as investors worried about the government's ability to finance a wide budget deficit in the face of poor economic growth.

Budget is a boost for inclusive growth

2013-02-27 21:44

Pravin Gordhan's Budget Speech is consistent with government's commitment to address historical inequities, an analyst says.

Nehawu mixed on Budget Speech

2013-02-27 21:27

Nehawu expressed mixed reaction to Finance Minister Pravin Gordhan's Budget.

Minister welcomes R6.2bn for small farms

2013-02-27 20:56

Support measures for smallholder farmers and fisheries projects announced in the budget were welcomed by Agriculture Minister Tina Joemat-Pettersson.

Gordhan faced balancing act: Agri SA

2013-02-27 20:28

Finance Minister Pravin Gordhan faced a problem in balancing limited income with the needs of South Africans in the 2013 Budget, Agri SA says.

Rights group gives 2013 budget a 'fail'

2013-02-27 20:09

Finance Minister Pravin Gordhan's 2013 Budget has failed to address the needs of South Africans, a civil rights organisation says.

Budget not all bad, says UDM

2013-02-27 19:52

Not all of Finance Minister Pravin Gordhan's 2013 Budget tabled in Parliament is "bad news", the UDM says.

Budget: 'no impact on property market'

2013-02-27 19:47

Finance Minister Pravin Gordhan's 2013 Budget will have no impact on the residential market, says Jawitz Properties CEO Herschel Jawitz.

Budget was forward looking - expert

2013-02-27 19:34

Finance Minister Pravin Gordhan's 2013 Budget was "very forward-looking" in that deadlines were announced for changes in future, a tax expert says.

Broad backing for Budget

2013-02-27 19:12

Finance Minister Pravin Gordhan's 2013/14 Budget tabled in Parliament appears to have found broad favour among political parties and business.

Budget pulls no surprises: Cope

2013-02-27 19:03

The 2013 Budget is "tough and conservative", but is exposed to factors outside the control of the Treasury, Cope says.

Green tax 'too little, too late'

2013-02-27 18:18

The introduction of a carbon tax in 2015, as announced in the Budget Speech, may not be sufficient to address climate change, says Greenpeace.

Tax breather for small businesses

2013-02-27 17:59

Further tax relief for small businesses, including an increase in the monetary tax thresholds applicable for small business corporations, has been announced.

CCMA allocations welcomed

2013-02-27 17:35

Additional allocations to the Commission for Conciliation, Mediation and Arbitration should be welcomed by the "entire" industrial community, says a law firm.

Budget offers tax relief surprise

2013-02-27 17:32

One of the surprises of the budget was the room found for personal tax relief of R7bn, but drinkers and smokers will as usual be charged more for their habits.

Mulder: Proof is in the pudding

2013-02-27 17:28

The implementation of Finance Minister Pravin Gordhan's budget will be the litmus test to judge its success, Freedom Front Plus leader Pieter Mulder says.

Naamsa: Gordhan's budget balanced

2013-02-27 17:26

Minister Pravin Gordhan tabled a balanced and innovative set of budget proposals intended to support growth and employment, Naamsa says.

Calculate your tax

2013-02-27 17:18

Finance Minister Pravin Gordhan announced R7bn in personal income tax relief for individuals. Calculate how much less you owe the taxman.

ANC welcomes Budget Speech

2013-02-27 17:08

Finance Minister Pravin Gordhan's Budget Speech fitted well with the development programmes of the government, says the ANC.

Gordhan warns against tax avoidance

2013-02-27 17:04

Finance Minister Pravin Gordhan warned on Wednesday against tax avoidance and non-compliance.


How consumers benefit from budget relief

2013-03-01 16:12

There were some sweeties for SA's hard-pressed taxpayers in Pravin Gordhan's Budget Speech.

Keep investing, Gordhan urges business

2013-02-28 09:08

Finance Minister Pravin Gordhan says businesses should invest in innovation instead of hoarding cash reserves to help South Africa grow faster.

Gordhan: Govt made the right choices

2013-02-28 07:55

Finance Minister Pravin Gordhan says South Africans are pleased with the budget and he was happy that government had taken many of the right decisions.

FF Plus welcomes tax increase

2013-02-27 21:41

The Freedom Front Plus welcomed the absence of drastic tax increases to supplement a deficit in the national Budget Speech.

'Citizens have no say in govt spending'

2013-02-27 20:32

Finance Minister Pravin Gordhan's budget means South Africans will not have a say in putting their money to more effective use, trade union Solidarity says.

Business responds to Gordhan's budget

2013-02-27 20:23

Business groups had a mixed response to the Budget Speech with Sacci saying it failed to outline plans to reduce the inflated public wages bill.

Communist party welcomes budget

2013-02-27 19:59

The SA Communist Party has welcomed the retention, despite reduced revenue, of many of the major pillars of expenditure in the Budget Speech.

Analysts: Gordhan did his best

2013-02-27 19:47

Finance Minister Pravin Gordhan has done enough in his Budget speech to balance government spending and revenue given the tough economic conditions, analysts say.

Imata pleased with NDP focus

2013-02-27 19:41

The Independent Municipal and Allied Trade Union is pleased that Finance Minister Pravin Gordhan's budget aims to achieve the goals of the NDP.

'Budget ensures value for money'

2013-02-27 19:32

Finance Minister Pravin Gordhan's 2013 budget ensures value for money under challenging economic circumstances, says African People's Congress leader Themba Godi.

Unemployment over 30%

2013-02-27 19:06

Employment in SA is still 450 000 below what it was in 2008 before the global financial crisis started taking its toll, Finance Minister Pravin Gordhan revealed.

Public debt a concern, warns union

2013-02-27 18:51

South Africa's increasing public debt is of serious concern and can be stemmed if government curbs corruption, says farmers' union TAU SA.

Gordhan warns unprofitable parastatals

2013-02-27 18:05

Finance Minister Pravin Gordhan raised the spectre of restructuring loss-making parastatals in his budget review, but ruled out privatisation.

Union gives lukewarm budget response

2013-02-27 17:41

The Federation of Unions of SA has welcomed certain aspects of the 2013 Budget tabled by Finance Minister Pravin Gordhan.

Life skills training essential - expert

2013-02-27 17:33

Students entering tertiary education need to be equipped with the life skills to cope with the responsibility of studying, an education specialist says.

Busa: Business positive about budget

2013-02-27 17:31

The business sector is likely to respond positively to the budget announced by Finance Minister Pravin Gordhan, Business Unity SA says.

Budget prioritises jobs: Gigaba

2013-02-27 17:26

The 2013 Budget has underscored government's priority of job creation, says Public Enterprises Minister Malusi Gigaba.

Govt pushing ahead with land redistribution

2013-02-27 17:24

The government is set on acquiring more than 310 000 hectares of agricultural land for redistribution by next year, according to Finance Minister Pravin Gordhan.

BMF: More efficient health spending

2013-02-27 17:09

South Africa needs to spend money allocated to health care more efficiently, the Board of Healthcare Funders of SA says.

BAT: Tobacco prices to go up in March

2013-02-27 17:05

Smokers will feel the impact of the 2013 Budget on cigarette prices next month, British American Tobacco SA says.

Gordhan 'opens door' to DA policies

2013-02-27 16:56

Finance Minister Pravin Gordhan has opened the door to several DA policies in the 2013 Budget, the party says.

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