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Moneyweb 26 Feb 2020   Budget 2020
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Budget Speech 2020

Budget Speech 2020

Minister of Finance Tito Mboweni delivers his toughest budget yet. OPEN IN APP
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Tax reprieve for South Africans in 2020

Tax reprieve for South Africans in 2020

Individuals will get relief of R2bn due to an above-inflation increase in the tax brackets. OPEN IN APP
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National Treasury lowers 2019, 2020 economic growth forecasts

 

National Treasury lowers 2019, 2020 economic growth forecasts

The institution brings its growth forecasts in line with private-sector expectations. OPEN IN APP

Tito Mboweni begins work to cut the public sector wage bill

 

Tito Mboweni begins work to cut the public sector wage bill

Government eyes reductions of more than R160bn over the next three years. OPEN IN APP
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Mboweni warns against focus on GEPF for Eskom bailout

 

Mboweni warns against focus on GEPF for Eskom bailout

Cosatu has proposed using money from the Government Employee Pension Fund and state development finance institutions. OPEN IN APP
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More money for beleaguered SAA

 

More money for beleaguered SAA

Business rescue practitioners expected to announce their plan for the airline in 'a matter of weeks'. OPEN IN APP
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Government increases tax-free cap on foreign income

 

Government increases tax-free cap on foreign income

The concept of emigration is to be replaced by a verification process. OPEN IN APP

Greater focus on rebuilding Sars

 

Greater focus on rebuilding Sars

Government to publish a discussion document by June. OPEN IN APP

Soon-to-be launched sovereign wealth fund targets R30bn in capital

 

Soon-to-be launched sovereign wealth fund targets R30bn in capital

Treasury to conduct feasibility study on source of capital. OPEN IN APP
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Government plans to consolidate existing state-owned banks

 

Government plans to consolidate existing state-owned banks

As part of plan to establish an enlarged state-owned bank. OPEN IN APP