ARTICLES RELATING TO DEFICIT

Donald Trump says the US suffers 'tremendous imbalance' with Japan on trade but is hopeful for a deal

2019-05-27 20:55

US President Donald Trump on Monday said there had been a "tremendous imbalance" of trade between the US and Japan – while he's still in the middle of a trade war with China.

Markets unfazed with heat on Mboweni before mini budget

2018-10-23 08:14

As the temperature in Cape Town soared to 36 degrees Celsius, Finance Minister Tito Mboweni may be feeling heat of a different kind.

US-China trade war could bring opportunities for SA down the line - analyst

2018-06-21 18:38

While escalating trade tension between the United States and China is bound to negatively impact emerging markets, there are also 'significant' long-term opportunities once the political tide turns, says Old Mutua's Siboniso Nxumalo.

SARS vows to intensify criminal action against late payers

2017-09-28 19:59

The revenue service has been attempting to make sure taxpayers file their returns on time with the slogan "pay your taxes or pay the price".

SA records trade deficit for 2016 despite massive Dec surplus

2017-01-31 16:32

Although SA recorded a surprisingly huge trade balance surplus of R12.04bn in December 2016, the year-to-date deficit for the whole of 2016 was R2.92bn, says Sars.

Current account deficit widens as exports drop

2016-03-08 12:58

SA’s current account deficit has widened more than economists estimated, reaching 5.1% of GDP in the fourth quarter as exports declined despite a weaker rand.

UK has highest August deficit since 2012

2015-09-22 11:30

Britain has had the highest August budget deficit for three years as the tax take from individuals and companies dropped.

SA trade deficit shocker

2014-11-28 15:15

The deficit on South Africa's trade account has widened sharply in October compared to September, shows data from the SA Revenue Service.

Nene: Govt could struggle to reduce shortfall

2014-07-21 13:01

If economic growth remains weak, the government will struggle to achieve its target of cutting the budget deficit, warns Finance Minister Nhlanhla Nene.

Greek deficit lower than expected

2014-04-23 13:39

The deficit of crisis-battered Greece has risen less than expected last year, new data shows.

 

Foreign holdings of SA debt lowest in nearly two years

2019-01-17 14:32

Foreign ownership of South African government debt is declining, but that’s not necessarily a bad thing.

Donald Trump seems to have a back-up plan if his trade wars fail

2018-08-27 11:35

It is possible that US President Donald Trump would use a weak dollar rather than tariffs to push American competitiveness – which is easier than a trade war.

R195bn: That is our budget deficit

2018-02-04 06:00

The gap between government expenditure and income during the first eight months of the tax year widened to a record R195bn as tax collections lagged and government kept on spending.

Budget 2017: Choice between reducing deficit or growing economy

2017-02-22 13:11

SA seems to have reached a crossroad, with the choices being economic growth additional revenue, according to Tertius Troost, tax consultant at Mazars.

Pension complaints balloon by about 10 000

2016-10-14 19:45

South Africa's Pension Funds Adjudicator has received almost 10 000 new complaints, indicating a lack of service excellence, says Muvhango Lukhaimane.

Treasury announces tax hikes to battle SA's economic woes

2016-02-24 15:24

Tax hikes may provide short-term relief, but the jury is still out on whether or not the finance minister can turn the tide for SA's economy.

Spending growth quickens, deficit narrows

2014-12-08 10:30

While spending in South Africa has expanded, the deficit on the country's current account has narrowed in the third quarter.

Twin deficits, weak growth a risk to SA policy

2014-11-28 12:41

SA's current account and fiscal deficits as well as poor economic growth pose a risk to monetary and fiscal policy, says Reserve Bank Deputy Governor Daniel Mminele.

Australia to raise retirement age to 70

2014-05-02 14:00

Australians will have to work until they are 70 years old before they can receive a pension, treasurer Joe Hockey says.

SA records unexpected trade surplus

2014-03-31 14:45

South Africa has recorded an unexpected trade surplus in February after a large shortfall in January, data from Sars show.

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