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South Africa Wine said on Wednesday that it strongly condemns the Minister of Finance’s decision to implement excessive excise tax increases on wine."The government has ignored the industry’s urgent warnings and the devastating impact this will have on jobs, exports, and rural economies. Instead of fostering economic growth and industry…

Helmo PreussThere were angels lurking in the detail of South Africa’s delayed March 2025 Budget. While most attention focused on the scrapping of the 2 percentage point rise in the VAT rate proposed in February 2025 - replaced by a phased increase of half a percentage point this coming fiscal…

The National Treasury has set aside R11 billion to pay for early retirement of at least 30 000 government employees over the next two fiscal years in a bid to manage the public sector wage bill.The early retirement incentive was first announced in the 2024 Medium-Term Budget Policy Statement (MTBPS)…

The National Treasury has warned that the government could begin implementing expenditure reductions, reprioritisations or additional revenue measures over the medium term in a bid to address new spending pressures amidst slow economic growth.This comes as the gross government debt is projected to reach R5.69 trillion or 76.1% of gross…

The National Treasury on Wednesday forecast that South Africa's real economic growth will surge to 1.9% in 2025 on the back of the continued implementation of structural reforms and rising investor confidence.This follows lower-than-expected growth in 2024 due to unanticipated weaknesses in agriculture and transport during the third quarter.Delivering the…

Banele GinindzaThe private commercial property sector has agreed that the government could achieve savings through better management of its property portfolio, calling for an urgent audit to curb unwarranted and wasteful expenditure.This follows remarks by Parliament’s Portfolio Committee chairperson, Songezo Zibi, who said on Monday during a pre-budget economic cluster…

Minister Enoch Godongwana is under increasing pressure to make a critical decision regarding the nation’s fiscal future.Watch the country's finance minister deliver his 2025 budget speech below:BUSINESS REPORT 

 Honourable Speaker, Thoko Didiza  Deputy Speaker, Annelie Lotriet  Chairperson of the National Council of Provinces, Refiloe Mtshweni-Tsipane  Deputy Chairperson of the National Council of Provinces, Les Govender  His Excellency, President Cyril Ramaphosa Honourable, the Deputy President Paul Mashatile  Cabinet Colleagues  Members of the Executive Council for Finance  Honourable Members  Governor of the South African Reserve Bank  Commissioner…

Tawanda KaromboGrowthpoint Properties, South Africa’s largest listed real estate investment trust (REIT), reported a better-than- expected 3.9% rise in distributable income per share (DIPS) to 74 cents for the six months to December, buoyed by robust rental growth and falling vacancies in its logistics and industrial portfolio.The interim dividend climbed…