VAT is one thing, but are other tax penalties on the cards for the revised budget?
The big talking point surrounding the postponement of the 2025 Budget Speech was the proposed VAT hike of 2%, which would have hit all South African consumers at a time when household budgets are already under severe strain. Read more on IOL
Despite decline in unemployment rate, youth unemployment in South Africa hits 59.6%
South Africa’s Unemployment Rate Declines, Youth Unemployment Remains High The latest labour force data reveals that South Africa’s unemployment rate has declined to 31.9% in Q4 2024, a 0.2 percentage point drop. Read more on IOL
Begroting | Het ander belastingskokke ook gewag?
Die besluit om die begrotingsrede ter elfder ure vir amper ’n maand lank uit te stel te midde van onenigheid oor ’n verhoging in BTW, laat die vraag ontstaan oor of daar ook ander belastingskokke gewag het. BTW is in 2018 van 14% tot 15% verhoog en Enoch Godongwana, minister van finansies, wou dit nou […]
R8.8bn more earmarked for public employment programmes
Chaos ensued on Wednesday when the 2025/26 budget was suddenly not tabled, sending the rand into a tailspin and triggering turmoil in the Government of National Unity. “Cabinet, therefore, decided not to come and do a presentation of the budget”, said Speaker Thoko Didiza, stating a return on Wednesday, 12 March. Treasury has since lifted […]
Ramaphosa’s plan to tackle unemployment is just talk and SA needs action
President Cyril Ramaphosa said that unemployment is one of the major issues the government is looking to better in 2025, but experts argued that the president needs to do more and fell short in his State of the Nation Address (SONA). Read more on IOL
FREE SA’S Message: GNU’s Maiden SONA a chance to mend fractures, backtrack on disastrous Expropriation Act
Free SA, the Foundation for the Rights of Expression and Equality, has written to President Cyril Ramaphosa today to urge him to repeal this harmful legislation. This follows their recent condemnation of President Ramaphosa for signing the Expropriation Act into law. In the wake of the assent of this troublesome piece of legislation, the outcry […]
SONA 2025 Reaction: ‘Are we really open for business’, President Ramaphosa?
Despite President Ramaphosa’s optimistic message about South Africa’s business environment, experts warn of the complexities that deter potential investors. Read more on IOL