Anyone hoping for a VAT reduction in the near future – all of us, really – will be left disappointed following Tuesday’s decision.
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Parliament confirms that there will be no VAT reduction for three years
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So here we go again:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
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According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
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Goodnews, but will it be executed, Mboweni says Eskom needs to shed 30 000 jobs
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“It does not make sense that R8 out of R10 goes to salaries and unions still demand service. Where will the money come from?” – Finance Minister Tito Mboweni…….
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Once again taxpayers will have to pay for the sins of the ANC-regime – SAA, Post Office and other ailing SOEs to receive billions in cash-bailouts
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Finance minister Tito Mboweni has announced a R9.1-billion bailout of struggling state-owned companies such as national carrier SAA and regional airline SA Express. In his first medium term budget policy statement to parliament on Wednesday‚ Mboweni announced that the troubled SAA would once more be recapitalised by the taxpayer to the tune of R5-billion. This..
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The Rand is firm for now, but Moody’s delays ratings move!
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The rand strengthened further on Monday after Moody’s Investors Service held off on its ratings review of South Africa on Friday.
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South Africa is held hostage to the toxic politics of the ANC
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If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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