Hey, big spenders! The millions spent on ministries

2019-02-28 18:01

An economist has suggested if departments limit spend on their ministries to R4m - as Treasury does - it could save the fiscus R1bn.

Are 19 VAT-free items enough to save the poor when VAT hike hits?

2018-03-25 15:47

Although 19 food items are free from value-added tax, the upcoming increase raises the issue of the potential impact, especially on the poor, says a tax expert.

How will the VAT hike affect property sales?

2018-03-09 20:01

A question raised about the VAT increase, as announced in Budget 2018, is how it will impact fixed property sales currently in progress or under negotiation.

SA plans return to Islamic bond market to plug budget gap

2018-03-06 10:51

The debut sale of Islamic bonds has had investors clamouring for four times the amount offered.

Treasury open to reviewing zero-rated VAT items

2018-03-02 15:08

Treasury plans to take a collaborative approach in the consideration of goods to be added to the list of zero-rated items, Parliament has heard.

'You are playing with fire,' Cosatu warns govt on VAT increase

2018-03-01 22:00

Trade union federation Cosatu has rejected the proposed one percentage point hike in VAT that was announced by former finance minister Malusi Gigaba in the budget.

The fight against the VAT hike is on

2018-02-28 21:00

Several NGOs, trade unions and political parties are gearing up to fight the increase in the VAT rate as well as other taxes.

Why hike VAT but let SAA drain billions, asks FMF

2018-02-28 16:50

The tax revenue the 1% increase in VAT to 15% will raise is similar to the accumulated losses of SAA from 2012 to 2018, says the Free Market Foundation.

Financial and Fiscal Commission raises main risks to Budget 2018

2018-02-27 20:14

Risks to Budget 2018 were raised by the Financial and Fiscal Commission at a joint meeting of the select and standing parliamentary committees on appropriation and finance.

Gigaba's budget sets economy on path for growth

2018-02-27 16:36

While the 2018 budget projections are a long way from those achieved during the tenure of ex-Finance Minister Trevor Manuel, the country's finances have been put back onto the right path say OAM.


Open letter to minister of finance on fuel levy, inflation

2018-04-03 17:58

A Fin24 user says that over the past few years he has always been meaning to write an open letter to the minister of finance after the annual national budget.

Employment: 4 tax questions from Budget 2018

2018-03-22 16:23

A tax expert answers frequently asked questions from employees and employers regarding the impact of Budget 2018 and tax law amendments.

VAT increase: DA calls for 'trimming the fat' instead

2018-03-06 21:00

There is a way government can access an additional R112bn in revenue instead of increasing VAT by 1% to 15%, says DA leader Mmusi Maimane.

If we reject VAT then we must provide alternatives - Carrim

2018-03-02 21:00

VAT should be dealt with cautiously and if the hike is rejected, then Parliament will have to find alternative options to fund the revenue gap, says Yunus Carrim.

SARS must take some blame for revenue shortfall - Treasury

2018-03-02 12:59

The tax revenue gap is not only due to the poor economic cycle as SARS has asserted, but also due to administration and governance issues at the tax authority, says Treasury.

Cabinet to consider more zero-rated goods after VAT hike

2018-03-01 18:33

Cabinet says considering expanding the list of zero-rated goods, following concerns raised over the increase in the VAT rate.

Consistent theme of support for SMEs in SONA, Budget 2018

2018-02-28 19:19

It is positive to have a theme of support for SMEs in both the recent State of the Nation Address and in Budget 2018, says Business Partners Limited.

Budget 2018: Parliamentary Budget Office raises key risks, concerns

2018-02-27 21:09

There is a struggle to balance SA's service delivery needs and the need to manage government's finances, explains the Parliamentary Budget Office.

The dark side of Budget 2018: VAT compliance

2018-02-27 19:24

It seems as if tax administration and compliance have taken a back seat in the ongoing struggle to fund the revenue shortfall, says a tax consultant at Mazars.

Is the rand's remarkable run about over?

2018-02-27 13:34

A bottoming out of the rand could be imminent and economists' charts are showing that we are in for some surprising times in the next two to three months, says James Paynter.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.