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budget 2015latest news & developments

Nene falls in with big business

With additional pressures on the poor, judgment day could be approaching faster.

Nene skimps on details of assets sale

The minister proposes a temporary increase in the electricity levy but few believe it will end.

Electricity crisis sparks shift to low-energy sectors

Any hope for better economic growth in the short term would have to be in industries less affected by the energy crisis, said the minister.

Drip-feed won’t solve water crisis

The true amount being spent on water usage is obscured by the fractured nature of its provision.

Public-minded: Expenditure on government staff rose

Nene hits public sector pay

The minister’s intentions to contain expenditure may be undermined by strikes in the civil service.

Fracking in Karoo gets a R108m injection

The department of science and technology saw its budget increase steadily since its formation in 2002.

Transnet says it can’t afford to pay employees more

Infrastructure spend aims to boost growth and jobs

The construction of an R19-billion new railway link to Swaziland is in the concept stage.

Power crisis will curtail economy

Mining and manufacturing will be worst affected because of their high-intensity electricity usage.

The Wolfgat — whose six mostly female staff have no formal training — opened just two years ago in a 130-year-old cottage and cave on the beach at Paternoster. (Image via Facebook)
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Mixed reactions to 2015 budget

While some such as the RAF and Tisa have welcomed Finance Minister Nhlanhla Nene’s new budget plans, others are not so happy.

Loving: Nola Darling paints in her brownstone studio. Photos: David Lee/Netflix
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Nene is no Tom Cruise, even if his mission is impossible

Nhlanhla Nene has little good luck and plenty of tough luck for the country’s millions of children, young people and universities as well.

Editorial: Taxpayers bear the burden

In dire financial times for South Africa, the President’s Russian nuclear deal is not even mentioned in the national budget.

Loving: Nola Darling paints in her brownstone studio. Photos: David Lee/Netflix

Parastatals weigh on SA’s future

The financial health of the country’s parastatals is so important that the budget review document has a new chapter dedicated to it.

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Novice Nene in political frying pan

The finance minister has delivered a tough budget to counter the effects of ongoing maladministration.

United Front members protested outside Parliament ahead of Finance Minister Nhlanhla Nene’s budget speech

United Front demand a people’s budget

The group handed over a nine-page memorandum demanding a people’s budget, decided by the people to end gender-based violence and load-shedding.

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Budget speech: Nene clamps down on bugbears

The finance minister announced treasury’s intention to reduce the main budget expenditure ceiling by R25-billion over the next two years.

Budget 2015: Nene doles out our tax fate

Aside from the usual rise in sin taxes, petrol, electricity and income tax are going up, while small businesses are getting some reprieve.