Download the carer 2016 budget speech south africa youtube

We are in conversation now with finance minister pravin gordhan, who earlier this afternoon tabled his 2016 budget speech in parliament. The harsh reality is that for the national development plan unemployment target of 14% to be met by 2020, south africa has to grow by 5% per annum. South african budget 201617 2016 budget highlights. In 2016 south africa grew its exports to our continent by 4. Education, science and innovation blade nzimande briefs media. Budget 2016 south african budget speech summary tax. Sin taxes, vat and the 20182019 budget 2017 2018 budget. Balancing todays demands with tomorrows opportunities. Dirco repatriates 5 239 south africans stranded abroad. Communications directorate national treasury private bag x115 pretoria 0001 south africa tel.

One of the most politically important steps taken by pravin gordhan, south africas finance minister, in his 2016 budget is also one of the most economically significant. Jac laubscher, economic advisor for sanlam, hopes vat will be the predominant toolofchoice, given the need to bump up south africas woeful growth rate by sidestepping hikes in corporate taxes. South africa 2018 budget speech in full allnet africa. South africas finance minister pravin gordhan and his deputy mcebisi jonas arrive to deliver the 2016 budget address to the parliament in cape town, february 24, 2016. Cyril ramaphosa took over last week from the scandalplagued jacob zuma, raising hope for a.

Our experts will share their insights before and after the budget announcement. Gordhan stressed that the government would not burden south africans with austerity measures, and that social grants will also be raised. There are so many sugary drinks being sold that the volume is equal to every. Another is the likelihood of a chilling effect on free speech and inquiry. South africa has built one of the most effective tax authorities in the.

South african budget disappoints investors seeking bold plan rene vollgraaff and mike cohen february 24, 2016, 7. National development plan 2030 south african government. The treasury currently expects growth in the south african economy to be just 0. South african budget 2016 17 2016 budget highlights. It was never pegged as being an easy task given the tough economic times the country is experiencing and that any wrong move could result in south africa receiving a junk status rating.

Google trends highlights south africas concerns okay, so its not as flairfilled as the state of the nation address, nor does it carry the sheer social media clout. Gordhan faced a difficult task in balancing the multiple demands of the various government agencies while dealing with constrained resources. Highlights of south africas national budget speech 2017. The 2020 budget will be delivered later this month amid low economic growth, the impact of power cuts and a heightened risk of a. Fellow south africans i have the honour to present the 2016 budget of president zumas second administration. South africa raises taxes to narrow budget deficit wsj. Calendars online and print friendly for any year and month. According to the plan, south africa can realise these goals by drawing on the energies of. As this budget speech has received an unusual amount of interest, we have set out the tax proposals in more detail than usual, although this summary is not. Special coronavirus covid19 parole dispensation statement. This reflects both depressed global conditions and the impact of the. Published on feb 23, 2016 we asked people about their expectations from finance minister pravin gordhan ahead of the national budget speech on 24 february 2016 category. Read more use our 2020 tax calculator to work out how much tax you will be paying and find out more about our taxefficient solutions to.

Download the 2018 2019 c2m in your interest booklet coming soon read article by carel steenkamp ca sa ra. South africas eight metros are home to 39 per cent of our population but account for half of all employment formal and informal and 57 per cent of the countrys economic output. Latest south african budget news and insights business report. Budget 2016 highlights south africa dirmeik consulting. Finance minister pravin gordhan is expected to deliver his budget speech at 14. We do so in a spirit of frankness, both about our challenges and the opportunity to turn our economys direction towards hope, confidence and a better future for all. Finance minister arun jaitleys budget speech union budget 2016 17. South african national budget speech 2016 predictions. In the past twelve months, much has changed for carers in new south wales nsw. The plan will shape budget allocation over the years until 2030. February 24, 2016 february 24, 2016 nyasha musviba personal income tax relief of r5. Watch the 2017 budget speech livestream right here memeburn. South africas mini budget has unveiled a weaker fiscal outlook, which is creditnegative, says moodys investors service. Finance minister malusi gigaba is delivering the 2018 budget speech in parliament on wednesday.

Waldo swiegersbloomberg budget in a nutshell for 201718. Published on feb 26, 2016 south africa s finance minister pravin gordhan delivered his budget speech on wednesday but concerns remain that his measures may still not be stringent enough to avert a. Posted on 1 march 2016 by retail legal and tax teams. The imf has revised its forecast gdp growth for 2016 downwards by nearly half to 0. In 2015, the south african sa government launched operation phakisa education. Pravin gordhan, the current minister of finance, recently delivered his 2016 budget speech. South africas finance minister pravin gordhan delivers his 2016 budget address to the parliament in cape town, february 24, 2016.

An interview with finance minister pravin gordhan moneyweb. Most recently during the 2016 national budget speech reference was made to the tax treatment of trusts and more specifically certain measures were proposed to prevent tax avoidance through trusts. Finance minister pravin gordhans 2016 budget speech remains under the spotlight. For the poor, the budget continues to expand spending on housing, rural. Parliament of the republic of south africa 83,996 views. Budget 2016 live stream cell c listing not far down the line. Send your budget 2017 tips to gordhan brand south africa. Gordhan faces the unenviable task of trying to solve south africas economic issues by. South african exports to the rest of africa now exceed r300bn a year, up from about r230bn just three years ago. Read the latest news and insights about south africas. In south africa, public confidence in the governments willingness to tackle human rights violations. Minister pravin gordhans medium term budget speech in cape town, october 26, 2016.

Honourable speaker mister president cabinet colleagues and deputy ministers governor of the reserve bank mecs of finance fellow south africans ndi masiari sanibonani molweni goeie middag thobela dumelang avhusheni as i begin, let me first table before this august house. Budget speech 2016 highlights cape industrial properties. Highlights of south africas national budget speech 2017 by sa commercial prop news 20170222 12. Minister of finance, mr pravin gordhan, presents the budget speech in the national assembly chamber on wednesday, 24 february 2016. South africas bond yields spike after budget speech. Retail trade data for the last quarter of 2015 indicate growth of over 4% in real terms, signalling that consumer spending remains buoyant despite declining confidence.

Fellow south africans, growth rates of below 1% fall short of what we need to create employment and reduce poverty and inequality. The honourable minister of finance read the 2016 south african budget speech on 24 february 2016. The latest news, opinions, pictures, reactions and videos of budget 2017. Brand south africa reporter finance minister pravin gordhan will deliver his seventh budget speech on wednesday, 22 february at 14. Upcoming budget more important than ever as sa battles low growth, load shedding bnp paribas. Executive summary of sas 2017 national budget speech. It is believed that some taxpayers make use of trusts to avoid estate duty and donations tax. Just how finance minister pravin gordhan plays the tax proposals in his february 22nd national budget will give the clearest idea yet of any further shifts in government policy. Home sabc news breaking news, special reports, world. Questions regarding the treatment of contributions to foreign pension funds, and the taxation of payments from foreign funds, raise a number of issues. Then use our free online 20202021 income tax calculator to calculate your new tax rates based on your monthly salary. As of december 2016, south africas total trade with africa stood at r 436 billion, compared to 2015. Between 2001 and 2015, the sales of sugary drinks in south africa grew by over 65%. Protocol on screening, testing, linkage to care and contact tracing.

Monthly calendar for the month february in year 2016. South africas new university could accept its first students by 2022 heres the plan watch. Ad hoc committee on amending section 25 of the constitution. What do south africans want to hear at the 2016 budget speech. Watch full speech south africa s newlyappointed finance minister tito mboweni delivers his first medium term budget policy statement. South africas government will raise taxes on the wealthy, as well as on petrol, alcohol and tobacco, to narrow its budget deficit to 3. South african finance minister pravin gordhan delivered the 2016 budget on wednesday afternoon. The channel focuses on news from south africa and the african. Tax revolt may worsen if gordhan targets personal income tax to fill gaps.

As finance minister pravin gordhan prepares to table the countrys annual budget in parliament tomorrow, 22 february, ordinary citizens have been asked to share their ideas on how south africas finances should be managed. This as reaction continues following what has been termed the toughest speech yet amid south africa. For example, in 1994 trade between south africa and the rest of our continent was r 11, 4 billion. Sabc news brings you the latest news from around south africa and the world, together with multimedia from the sabcs four tv and 18 radio stations. The finance minister, tito mboweni, delivered the national budget speech on 26 february, announcing the governments planned expenditure for 2020. Virtual consultative meeting with heads of state and government of countries neighbouring south africa on responses to the coronavirus covid19 pandemic.