Minister of Finance Tito Mboweni addresses the media during the 2020 National Budget Press Conference at the Parliament House on February 26, 2020 in Cape Town, South Africa. The national budget speech is the governments spending plan for the coming financial year. The minister of finance is responsible for allocating money to the governments different programmes and objectives.
In an environment characterised by uncertainty and delays, National Treasury has finally clarified the status of an increase to Unemployment Insurance Fund (UIF) employer regular contributions proposed by Finance Minister Tito Mboweni during his Budget Speech.
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