Latest News & Developments
budgets and budgeting
EFF calls for a wealth tax instead of VAT increase | Budget 2025
The Economic Freedom Fighters (EFF) leader Julius Malema has called on the Government of National Unity to implement a wealth tax instead of taxing the poor with added VAT.
Budget Speech 2025: Cosatu vows to reject VAT increase, warns it will push workers into debt
Pressure mounts on Finance minister Enoch Godongwana as trade unions warn against tax hikes on low income earners in the 2025 budget.
SANDF chief slams ‘overnight defence specialists’, calls for sympathy for families of 14 slain troops
In a heartfelt tribute, SANDF Chief Rudzani Maphwanya called for a focus on mourning, rather than a political blame game after 14 soldiers were killed in conflict in the DRC.
ActionSA-ANC-EFF coalition changed Tshwane for the better, says Mayor Nasiphi Moya
The City of Tshwane was led by the DA from 2016 until it was pushed out last year. In its years of power, the blue party was accused of not treating residents equally.
University students faces financial exclusion as 2025 academic year approaches | Student Survival 2025
As the 2025 academic year is about to begin, Wits University students, many from financially struggling households, are calling on the government to address the rising issue of financial exclusion as many students are stranded and unable to register due to outstanding debts.
City of Joburg pumps R194 million into fixing Lilian Ngoyi Street, ripped up by gas explosion
Following delays caused by legal disputes, Johannesburg’s Lilian Ngoyi Street is on track for rehabilitation, with the first phase focussing on the gas explosion site and completion is expected in 2025.
Navigating through the medical aid maze: A guide to helping you choose the best option
As 2025 approaches, discover essential tips and insights to navigate the complex landscape of medical aid options in South Africa.
This is where cash-strapped South Africans are spending their money
South Africans' spending patterns have remained relatively stable over the past three years, with the majority of Standard Bank customers allocating similar portions of their total spend towards essential expenses like groceries, transport, digital connectivity, and entertainment, as they did in 2022.
MTBPS: Godongwana’s Medium-Term Budget Policy Statement spells disaster for South Africa’s struggling economy
This is the time for progressive forces to come together and fight against a privatisation agenda that seeks to place state-owned entities in direct competition with a private sector that is solely interested in profit, says the writer.
‘R521 million wasted’: Public works Minister Macpherson vows to tackle corruption with oversight visits
Public Works and Infrastructure Minister Dean Macpherson has declared war on corruption, vowing to the tackle R521 million irregular expenditure.
This is how much Eskom wants for the next three years and how it affects your pocket
The National Energy Regulator of South Africa (Nersa) has this week published Eskom's revenue application for the next three financial years.
MyCiTi bus fares to drop at beginning of October
MyCiTi bus fares to drop in October, bringing relief to Cape Town commuters
SAHRC decries teacher job cuts, calls for immediate action
The South African Human Rights Commission (SAHRC) has condemned the budget cuts to the Department of Basic Education which could see many teachers being unemployed.
DA demands alternative plan from government to save teachers’ jobs
The DA has called on National Treasury to immediately address this funding shortfall, saying it is unacceptable that provinces are being forced to make difficult decisions because of a wage agreement that was negotiated at national level but not fully funded.
‘Far-reaching consequences’: Cape Forum slams WCED plan to cut more than 2,400 teaching jobs
The Western Cape Education Department (WCED) has implemented a R2. 5 billion budget cut, raising concern from Cape Forum.
‘Transparency and accountability’: Minister of Public works Macpherson calls for increased oversight on National Assembly reconstruction
The Public Works Minister has requested bi-weekly progress reports on the National Assembly reconstruction project.
Practical financial planning tips for parents
Eight essential financial planning tips to ensure a stable and prosperous future for your children while maintaining financial stability today.
Millennials regret purchasing homes without doing proper research
Seeff Property Group agents, along with data from Lightstone Property, say millennials (individuals born between 1977 and 1994) are immensely active in the South African property market, making up between 30% and 42% of all property purchases.
Just got married? Use these five ways to effectively manage money with your partner
Couples may make confident and united financial decisions if they communicate openly, have shared goals, and work together.
Why you should spend more money on underwear
How often do you wear a pair of underwear? If you own a week’s worth, that’s 52 wears per year.
Proposed global minimum corporate tax is a concern
Finance Minister Enoch Godongwana announced that the Treasury would introduce the 15% global corporate tax to multinationals.
National Budget Speech 2024: Expectations vs reality
Many had hoped for robust measures to alleviate the strain inflicted by economic uncertainties and global challenges.
The hidden key to the budget
Will the finance minister realise in time that supercharging the SMME sector is the answer to the problems he faces?
How the 2024 Budget speech impacts your rand’s reach
Mathapelo Sipamla, head of Agency Distribution at Sanlam, sheds light on how the Budget speech could impact your pocket.
Godongwana gives SAPS, SANDF billions to protect porous borders, fight crime - Budget 2024
National Treasury has allocated more funds to the SA Police Services and the SA National Defence Force (SANDF) to fight crime and protect the country’s borders.