Author: staff
Minister Enoch Godongwana (Photo: Jairus Mmutle/GCIS)In his budget for the next three years, Enoch Godongwana, the minister of finance, spared the rod slightly in terms of taxes.Unlike the last two years, the personal tax categories are also adjusted for inflation. This means that taxpayers are not taxed more heavily if they get salary adjustments that are in line with the rate of inflation.Because the government shortchanged taxpayers for the past two years by not adjusting the categories for inflation, the portion of government revenue that comes from personal taxes has grown relative to other types of taxes.(Bron: National Treasury)Currently, the…
THE South African Liquor Brand Owners Association (SALBA) has suggested to the Minister of Finance, Mr. Enoch Godongwana, to take care of the fraudsters by not increasing the tax on alcohol.The organization said, instead, the focus is on fighting the problem of counterfeit alcohol, which reduces the amount of money coming into the economy.The statement of this organization, said that it accepts the bid of the tax collection unit in the country, SARS for R7.5 billion, to fight the problem of fake alcohol.”A study conducted by Euromonitor, estimates that R16.5 billion was lost in the economy due to fake alcohol…
Pres. Cyril Ramaphosa and adj. pres. Paul Mashatile makes sure Minister Enoch Godongwana looks decent for his budget speech. (Photo: Parliament/X) The government will spend R2.67 billion (“trillion”) in 2026-’27, a large portion of which will go to social grants for eligible South Africans. According to the National Treasury, the social wage will represent approximately 60% of all non-interest spending over the medium term. This year, the so-called covid-19 allowance has been budgeted again. An additional R36.4 billion has been allocated to extend this allowance until 31 March 2027. The allowance will amount to R370 per month per beneficiary. Social…
MIGHT be released early matric results as the Department of Higher Education, is in discussions with Basic Education, so that these results will be released before the end of the year.This was expressed by the Minister of Higher Education, Mr. Buti Manamela, yesterday when he delivered a speech in Parliament, on the opening of higher education institutions.Manamela said they want the matric results to be released soon so that the institutions are prepared to open early.”We are discussing with Umalusi council, that the results should be released early so that there is enough time to prepare for the opening of…
(Photo: selensergen/iStock) The 2026 budget shows the government has achieved important fiscal policy objectives, according to Enoch Godongwana, the minister of finance. “We have reached an important turning point in the management of our public finances,” Godongwana said on Wednesday when he tabled the 2026 national budget in parliament. “We committed to a clear reform agenda and a disciplined fiscal strategy built on three principles: stabilize debt, invest in infrastructure and spend better. Today, that commitment has produced tangible results. “For the first time in 17 years, debt will stabilize and it will continue to fall in the coming years.…
Mexico’s ruling Morena party hailed the bill’s successful passage after years of back-and-forth with business owners.Listen to this article | 3 minsinfoPublished On 25 Feb 202625 Feb 2026Click here to share on social mediashare2Shareplus2googleAdd Al Jazeera on GoogleinfoMexico has passed a bill to incrementally lower the standard workweek from 48 to 40 hours, though critics fear the reduction will be offset by increases to the overtime hours allowed.The bill cleared Mexico’s Chamber of Deputies late on Tuesday with a broad base of support.Recommended Stories list of 3 itemsend of listOut of 500 deputies, 469 voted in favour of the broad…
There is a spark of hope for the growth of the country’s economy and the reduction of the debt facing the country.The Minister of Finance, Mr. Enoch Godongwana, said that the country’s economy will grow better and the country’s debt will decrease.He said this while presenting the budget in Parliament.Godongwana said that the economy is starting to grow well after years of slow growth due to the corruption that took place when there were suspicions of the government being controlled by a few.”We are looking for the economy to grow by 1.6% this fiscal year. The economy has shown growth…
(Photo: GCIS) The budget speech that Enoch Godongwana, the finance minister, tabled in parliament on Wednesday, elicited mixed reactions. Although welcome adjustments have been made, experts believe that the South African taxpayer is still getting the short end of the stick after years of economic pressure. Theuns du Buisson, economic researcher of the Solidarity Research Institute (SNI), welcomes the adjustment of tax brackets in line with inflation. However, he says it is actually too little to repair the damage of the past few years. “This is of course hopelessly too little and should be adjusted with significantly more than inflation,…
POLICE in KwaZulu-Natal have confirmed that security will be tight at the opening ceremony of the KwaZulu-Natal Legislative Assembly.KwaZulu-Natal police spokesperson, Colonel Robert Netshiunda, said they have done everything to ensure that today’s event is a success.The opening ceremony of the Legislative Assembly will be held at the Woodburn Rugby Stadium, Pietermaritzburg.Silo Misuzulu Sinqobile of Zwelithini will deliver the opening speech of the Legislative Assembly.Netshiunda said that the police will be keeping a close eye, and he reminded the dignitaries who are guarded by private security guards that they will not be allowed to enter the venue with firearms.”Special police…
Sigil, a developer on social media platform X, has said that the number of autonomous AI agents on the Internet will increase very rapidly. Today these agents are in thousands, but by 2025 their number will be lakhs, by 2026 they will be crores and by 2028 their number will exceed that of humans.Sigil, the developer on X, claimed that it has created a similar autonomous AI system, which works on Conway infrastructure.What is Autonomous AI System : Autonomous AI system is in discussion in the tech world. This is an AI system that can earn money on its own,…