Author: Malebogo Putu

Government will continue to support local companies to grow through a range of incentive packages, Finance Minister Malusi Gigaba said on Wednesday. “Government continues to support South African companies to grow and to become more competitive through incentives in the form of grants, loans and tax allowances,” said the Minister. Tabling his maiden Budget in the

Finance Minister Malusi Gigaba has announced an increase on excise duties that will leave smokers and drinkers with a hangover. Tabling his 2018 Budget Speech at the National Assembly on Wednesday, Minister Gigaba said alcohol and tobacco excise duties will increase between 6 and 10%. For malt beer, the current excise duty rate stands at

The National Health Insurance (NHI) has been allocated an additional R4.2 billion which will be funded through an amendment to the medical tax credit, Finance Minister Malusi Gigaba said on Wednesday. “Over the medium term, the NHI is allocated an additional R4.2 billion, funded through an amendment to the medical expenses tax subsidy. Overall, government will

Government will spend R57 billion on free higher education over the next three years, Finance Minister Malusi Gigaba said on Wednesday. Tabling the 2018 Budget in Parliament, Minister Gigaba said there was a reallocation in the spending framework. “The largest reallocation of resources towards government’s priorities was on higher education and training, amounting to additional

Finance Minister Malusi Gigaba’s Budget Speech has seen him make “difficult decisions” to address a revenue shortfall and to fund free higher education. An increase in value-added tax (VAT), fuel levy and a higher estate duty tax are just some of the things South Africans will be faced with this year. On the other hand,

Social Development Minister Bathabile Dlamini has disputed reports that the children who were found in a truck in Rustenburg en-route to Cape Town are being held in the country against their biological parents’ will. The department confirmed on Tuesday that Minister Dlamini has received court documents filed by the parents of the children, who were found

The 14 suspects arrested by the Hawks in the North West on Monday for alleged driver’s licence fraud are expected to appear in court this morning. The suspects, aged between 29 and 66, include seven traffic examiners, four driving school owners and three driving school instructors, provincial Hawks spokesperson, Captain Tlangelani Rikhotso, said. The suspects were

An outbreak of the Oriental Fruit Fly has been detected in Grabouw, in the Western Cape, the Department of Agriculture, Forestry and Fisheries said on Monday. The Oriental Fruit Fly is an exotic fruit fly native to Asia, previously described from Africa as the invader fruit fly (Bactrocera invadens). The commercial fruit at threat include

Finance Minister Malusi Gigaba will this week table the 2018 Budget in Parliament. The much anticipated budget will be tabled in the National Assembly on Wednesday. Appointed to head National Treasury following former President Jacob Zuma’s Cabinet reshuffle in March 2017, Minister Gigaba is set to deliver the budget in a tough economic environment. It is

The South African economy has received a major boost with the Isuzu Motors purchase of the Struandale plant in Port Elizabeth. In a statement on Sunday, the Department of Trade and Industry (dti) said the launch of the plant will boost investor confidence in the country. Last year, Isuzu announced it would purchase the light