#Budget2018: Public Procurement Bill to give women and youth in business a leg up
#Budget2018: Public Procurement Bill to give women and youth in business a leg up

The long-awaited Public Procurement Bill will be submitted to Cabinet in March, paving the way for black-, youth- and women-owned businesses to get larger stakes in state procurement, which runs into billions of rand.

By Khulekani Magubane 7 hours ago

Capital & Counties drops 4% despite weathering Brexit fall-out
Capital & Counties drops 4% despite weathering Brexit fall-out

Despite London-based property group Capital & Counties (CapCo), which is also listed on the JSE, weathering a difficult 2017 and managing to maintain its dividend growth amid fall-out from Brexit, proposed investors were unimpressed at the lack of dividend growth, and the company's share price had fallen 4% by late trade on Tuesday, 20 February.

By Alistair Anderson 9 hours ago

#Budget2018: Nuclear deal proves a damp squib, while renewables reignite
#Budget2018: Nuclear deal proves a damp squib, while renewables reignite

In a media briefing prior to his Budget Speech, Finance Minister, Malusi Gigaba, confirmed that the nuclear deal is off the table for now because the country simply cannot afford it.

10 hours ago

Adrian Gore, CEO: Discovery. Photo: BusinessLIVE
Discovery offers aid in public health

Discovery CEO Adrian Gore says he would welcome the opportunity to partner with the government in scaling some of the insurer's healthcare innovations across the public sector, at no financial benefit.

10 hours ago

#AEI2018: Closing Africa's energy gaps
#AEI2018: Closing Africa's energy gaps

While access to affordable, reliable and sustainable energy for all will usher in economic growth and job creation on the continent, energy projects in Africa lack sufficient access to financing sources.

By Danette Breitenbach 10 hours ago

#Budget2018: Five things you'll pay more for in 2018
#Budget2018: Five things you'll pay more for in 2018

Budget 2018 is an austerity budget. In a nutshell, the country has been spending more than it earns so we have to tighten our belt, and pay a bit more in tax. So it's not surprising that the so-called sin taxes kicked in, and you'll pay more again this year for beer, ciggies and that latest iPhone.

11 hours ago

Ben Bierman, MD of Business Partners Limited
#Budget2018: Speech reinforces support for small businesses

There was a consistent theme of small and medium enterprises (SMEs) support in both the recent State of the Nation Address and the National Budget Speech, proving that government is serious about the growth and well-being of SMEs in South Africa.

11 hours ago

Photo by Kym Ellis on
#Budget2018: Struggling wine industry disappointed in excise duty increases

During the annual National Budget Speech, Finance Minister Malusi Gigaba announced an excise tax increase of 8.5% for wine (including sparkling wine) and brandy and 6% on fortified wine. "The above inflation excise tax is extremely disappointing especially given the fact that the industry reached, and even exceeded the tax incidence targets agreed upon in 2014," says Rico Basson, Vinpro MD.

11 hours ago

#Budget2018: Tax bites the rich, but not as badly as predicted
#Budget2018: Tax bites the rich, but not as badly as predicted

All the predictions ahead of the Budget Speech were far worse than what actually transpired, including the impact on wealthier South Africans, which wasn't as severe as it could have been.

12 hours ago

#Budget2018: Medical aid credits stay, but NHI funding model still unclear
#Budget2018: Medical aid credits stay, but NHI funding model still unclear

The approximately eight-million people in South Africa who rely on medical tax credits to subsidise the cost of existing medical aid schemes can breathe a sigh of relief. The speculation that Finance Minister, Malusi Gigaba, in his budget speech, would do away with benefit to fund National Health Insurance (NHI) was unfounded.

By Lebo Motsumi 12 hours ago

#Budget2018: Drought-ravaged provinces could get up to R6bn in relief
#Budget2018: Drought-ravaged provinces could get up to R6bn in relief

Relief for SA's drought-ridden regions amounting to R6bn was among the proposals announced by finance minister Malusi Gigaba when he delivered the Budget Speech on Wednesday, 21 February.

By Khulekani Magubane 13 hours ago

#Budget2018: Rising tax burden on shrinking base worrying for economy, property
#Budget2018: Rising tax burden on shrinking base worrying for economy, property

It was always going to be a tough budget given that finance minister Malusi Gigaba already signalled during his mini-budget late last year that there was a significant fiscal deficit that needed to be funded. And, with a sluggish, albeit improving economy, this could only come from higher taxes.

By Samuel Seeff 13 hours ago

#SONA2018: Ramaphosa's roadmap
#SONA2018: Ramaphosa's roadmap

President Cyril Ramaphosa is hoping to fix our economy, but it won't be easy. In his first State of the Nation Address (Sona) he detailed his plans to solve some of the issues underlying our economy and building a more inclusive state.

By Dhanyal Davidson 3 days ago