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budget 2019latest news & developments
Sars commissioner Edward Kieswetter aid the weakening of the revenue institution has affected its ability to collect tax adequately. (David Harrison/M&G)
BUDGET 2019

Sars expects to collect less revenue for the year

The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.

  • Thando Maeko
4 min read
(John McCann/M&G)
BUDGET 2019

Mboweni weaponises ‘mini-budget’

SA’s economic prospects have declined rapidly since Feburary, with Eskom being one of the biggest drains. It’s time for some difficult choices

  • Kevin Davie
7 min read
(John McCann/M&G)
BUDGET 2019

Tough work ahead to fix the economy

Sars is expected to miss its collection target for 2020-2021. And weak growth isn’t helping

  • Thando Maeko
4 min read
Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars. (Oupa Nkosi)
BUDGET 2019

Nehawu ‘unhappy’ with Sars deal but will sign agreement

Nehwau said after extensive consultations, the majority of its provinces had given it the mandate to sign the agreement

  • Kiri Rupiah
3 min read
Mboweni laid out a series of tax changes aimed at raising R15-billion in 2019/20.
BUDGET 2019

Eskom’s plight the fault line in Tito Mboweni’s 2019 budget

Mboweni laid out a series of tax changes aimed at raising R15-billion in 2019/20.

  • Staff Reporter
1 min read
Finance Minister Tito Mboweni (L) shares a lighter moment with President Cyril Ramaphosa after delivering the budget speech. (David Harrison/M&G)
BUDGET 2019

Mboweni’s ‘lipstick’ budget deceives voters — opposition

The finance minister’s budget was not well received in some quarters

  • Lester Kiewit
3 min read
Health worker infections have risen to 170 at state and private hospitals and two healthcare staff succumb to the disease in a space of seven days. (Paul Botes/M&G)
AUSTERITY

What to do about our unemployed doctors

It’s official. Austerity budgets may be here to stay. Here’s how South Africa should be working with what it’s got to provide healthcare.

  • Russell Rensburg
7 min read
An 8% above-inflation hike could mean South Africans would smoke 22-million fewer cigarette packs over a four-year period. (Ammar Awad)
BHEKISISA TEAM

#Budget2019: How this could have netted the country 17.1-billion — & saved lives

Find out why Mboweni’s R1.14 hike won’t be enough to cut smoking, save lives or bring in much-needed cash.

  • Savera Kalideen
7 min read