12 C
Port Elizabeth
Thursday, August 17, 2017

Chamber welcomes Budget’s strong business focus

The Nelson Mandela Bay Business Chamber has welcomed the Budget’s strong focus on an enabling environment for business growth, especially for small business, and...

Tax Administration Bill approved

Finance Minister Pravin Gordhan today announced that the Tax Administration Bill had been approved by Parliament. According to Gordhan, the Bill incorporates the common administrative...

R9.5bn to boost business competitiveness

The Minister of Finance Pravin Gordhan has allocated R9.5 billion over the next three years to boost businesses through competitiveness incentives and investment in...

Tax credit for medical-aid contributions – Gordhan

The Minister of Finance Pravin Gordhan today announced the introduction of a tax credit on medical aid contributions. While revealing that R9.5 billion would be...

Gordhan announces tax relief for small businesses

Finance Minister Pravin Gordhan has announced tax relief for small businesses and a new small business financing agency is to help fund the sector. The...

Proposals for better procedures for cross-border investments

Significant financial and non-financial barriers are still holding South Africa back from becoming a gateway for investors into Africa, the Minister of Finance Pravin...

State has R4.5 trillion in resources to help fund infrastructure – Gordhan

The state would have about R4.5 trillion in resources to draw on, using a range of financing methods over the next three years, to...

Massive increase in social spending, grants

As government finds ways to grow an economy that may eventually produce much needed jobs, spending on social assistance will rise sharply in the...

Big spend on education

South Africa's spending on education continues to grow with Finance Minister Pravin Gordhan today announcing an allocation of R207 billion to the sector with...

Capital Gains Tax to increase, but thresholds raised

Capital Gains Tax (CGT) for individuals and special trusts will be increased from 1 March- from 25% to 33.3%, while that for companies and...

Weather

Port Elizabeth
broken clouds
12 ° C
12 °
12 °
81%
4.6kmh
75%
Fri
16 °
Sat
16 °
Sun
18 °
Mon
23 °
Tue
19 °

Currency

ZAR - South African Rand
USD
13.2348
GBP
17.0321
EUR
15.4980
AUD
10.3992
CNY
1.9770
JPY
0.1194