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If the government cuts the black economic empowerment premiums it pays on procurement contracts that wastefully inflate the cost of projects, goods and services, it can plough the R150 billion savings into the economy, allowing it to reduce value

Most government tax revenue collected will be used to pay the social wage bill with additional spending allocated to boost the salaries of essential workers, including teachers, nurses, doctors and police officers, over the next three years.

Finance Minister Enoch Godongwana has allocated R848 billion to the public health system over the medium term expenditure, including almost R1.4 billion for the National Health Insurance (NHI) grant over the next three years. The health

To encourage local electric vehicle production, the government has proposed a tax incentive that will allow manufacturers to claim 150% of qualifying investment spending. According to the budget, tabled by Finance Minister Enoch Godongwa

The government has proposed that allocations to Eskom through the debt relief programme be cut by R2 billion, citing the power utilitys failure to dispose of its finance company. The treasury outlined this proposal which forms part of it

The treasury has made provisional allocations of R35 billion in 2025/206 and R36.7 billion in 2026/27 to fund the Covid-19 social relief of distress (SRD) grant beyond March 2025. These provisional allocations laid out in the budget tabl

The South African Revenue Services (Sars) has targeted individual taxpayers to collect most of the additional R15 billion needed to balance the budget , raising personal income tax across the board without providing relief from increasing tax reb

The government will draw R150 billion from the Gold and Foreign Exchange Contingency Reserve Account (GFECRA) to reduce public borrowing and bring debt-service costs to heel. According to the budget tabled by Finance Minister Enoch Godon

The official unemployment rate ticked up slightly to 32.1% in the fourth quarter of 2023, according to Statistics South Africa s quarterly labour force survey. Up from a previous reading of 31.9%, the 0.2 percentage point rise was driven