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Mail & Guardian
budget 2016latest news & developments
Finance Minister Pravin Gordhan delivers his 2016 budget speech.

Key numbers to watch out for in today’s midterm budget

The heat will be on South African Finance Minister Pravin Gordhan when he delivers his mid-term budget.

Finance Minister Pravin Gordhan at a media briefing ahead of his budget speech.

Gordhan faces test of resolve as he delivers budget amid charges and #FeesMustFall

Finance Minister Pravin Gordhan’s resolve to maintain fiscal discipline and avoid a junk credit rating is facing a severe test.

DA bemoans Gordhan’s absence from budget debate

MPs from the Democratic Alliance were not impressed that the finance minister decided to pursue overseas investors instead of attending the debate.

Finance minister Pravin Gordhan operates on a two week cycle as he prepares to be ousted at any stage.

Rand takes massive hit as Sars wars heat up

The rand has taken a major step back, which analysts attribute to the growing tensions between President Jacob Zuma and Pravin Gordhan.

The trade balance switched to a surplus of R1.72-billion compared with a deficit of R17.1-billion in January

Budget 2016: New amnesty for tax dodgers with offshore assets

Non-compliant taxpayers have an opportunity to voluntarily disclose their offshore assets and income to Sars – or else face the full force of the law.

Finance Minister Pravin Gordhan delivers his 2016 budget speech.

NHI funding details absent from budget speech

Finance Minister Pravin Gordhan has not yet revealed how the government will fund its National Insurance scheme.

Knock on: United States Federal Reserve chairperson Janet Yellen has indicated that the US could raise interest rates next month

Political parties react to Gordhan’s budget speech

“Pragmatic”, “interesting”, “praise-worthy” and “disappointing” have all been used to describe the finance minister’s 2016 budget speech.

Finance Minister Pravin Gordhan on his way to deliver the 2016 budget speech.

Budget 2016: Gordhan’s nifty political footwork may not be enough

Cutting the bloated public service wage bill is critically important, but it is sure to be unpopular with the ANC’s powerful labour allies.

Pravin Gordhan.

Budget puts strain on too-small tax base

Pravin Gordhan achieved a balance between tax increases and spending cuts, but stealth and wealth taxes are concerning, writes Nazrien Kader.

Former finance minister Nhlanhla Nene and his predecessor and successor Pravin Gordhan.

Editorial: Is this the Zupta-proof budget?

Pravin Gordhan has warned in this budget that South Africa is at risk of becoming a “kleptocracy” if there is no improvement in business ethics.

Joseph Kony

Concerns persist over state-owned entities

For all Finance Minister Pravin Gordhan’s talk about reforms, analysts fear state-owned enterprises still pose a risk.

More of the same budget talk takes SA economy nowhere

Pravin Gordhan has tried to please everyone, but SA needs an overhaul of macroeconomic policy and state restructuring, writes Gumani Tshimomola.

The poor face double-digit inflation

Look beyond the fawning and you’ll see some horrifying flaws in Finance Minister Pravin Gordhan’s budget, writes Patrick Bond.

Municipalities get budget boost

But Minister David van Rooyen’s unimpressive management of funds in the past casts doubt on his ability to turn around dysfunctional municipalities.

Bucket toilets and human ­excrement running in the streets is not unusual in some of the ­country’s municipalities.

The grim face of local government

The poor suffer most as councils buckle under the weight of leaky sewers, debt and rank ineptitude.

Quick-fix highs help cushion budget lows

Tax burdens – even for the rich – may have eased, but inflation will step in to spoil the party.

Sin taxes: Prepare to pay more for cigarettes and booze

Finance Minister Pravin Gordhan announced that taxes on wine, beer, spirits and cigarettes would continue to rise above the rate of inflation.

Gordhan taxes wealthy, cuts jobs to curb 2016 budget

The finance minister targeted civil-servant jobs and increased wealth taxes in an effort to prevent a credit-rating downgrade.

It remains to be seen whether Zuma will be a better tactician than Mbeki

Nuclear programme must face transparent tender process, be affordable

Government will only expand nuclear capacity ‘after a thorough and transparent tender process’ and at a ‘scale and pace that is affordable’.

It remains to be seen if Gordhan will be able to prevent bad decisions from being made.

Budget 2016: Relief for individual taxpayers

Finance Minister Pravin Gordhan has provided fiscal drag relief of R5.5-billion for individuals “focusing on lower- and middle-income earners”.