17.5 C
Port Elizabeth
Wednesday, September 28, 2016

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...

Billions pumped on public transport, energy

The government plans to speed up the expansion of the country's mega infrastructure programme by continuously increasing the budgets for rail transport, energy and...

Measures to ensure implementation of infrastructure projects

The Minister of Finance Pravin Gordhan outlined a range of measures to boost the planning and monitoring capacity in departments and municipalities to ensure...

Sin tax to hit smokers and drinkers yet again

Smokers will have to fork out 58 cents more for a packet of 20 cigarettes, while drowning one's sorrows in alcohol will also cost...

Infrastructure to drive growth amid global uncertainty

Amid a global economic outlook which continues to remain uncertain, the Minister of Finance Pravin Gordhan today presented a circumspect, yet upbeat Budget Speech...

Deficit at 4.6% in ‘good health’ budget

A budget deficit of 4.6% of gross domestic product (GDP) is projected in 2012/13, Finance Minister Pravin Gordhan said on Wednesday, claiming SA’s finances...

Weather

Port Elizabeth
clear sky
17.5 ° C
17.5 °
17.5 °
100%
12.4kmh
0%
Thu
17 °
Fri
17 °
Sat
14 °
Sun
17 °
Mon
18 °