5 Mar 2013

Government

 

The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

Submit your company news to governmentnews@bizcommunity.com. Exclusive contributions may be sent to contributors-government@bizcommunity.com.

Top stories


Editorial news

Government

Carbon tax from 2015
[Angus Macmillan] Carbon tax‚ here we come. With effect from 1 January‚ 2015‚ a carbon tax rate of R120 per ton of carbon dioxide equivalent will be introduced‚ the National Treasury said in its Budget Review document released on Wednesday (27 February). Read more >>


Administration

One-in-three workers are union members
A third of all workers in the formal‚ non-agricultural sector in South Africa are members of trade unions‚ the SA Institute of Race Relations (SAIRR) said on Monday (4 March). Read more >>

Business Connexion gets R420m deal
[Thabiso Mochiko] Business Connexion said on Monday (4 March) that it had been awarded a R420m information and technology outsourcing contract by the Department of Water Affairs. Read more >>

Gauteng health turnaround plan making strides
Gauteng Health MEC Hope Papo says the province's Health Turnaround Strategy is yielding positive results. Read more >>

N Cape finances on the mend
Northern Cape Acting Premier Grizelda Cjiekella says a positive picture is emerging from the province's financial books. Read more >>

SA on track to improving healthcare
President Jacob Zuma says the funds allocated to healthcare in the national budget show government's commitment to improving the quality of health services provided to all South Africans. Read more >>

Super Group, Safika merger approved
The Competition Tribunal has unconditionally approved the Super Group and Safika merger. Read more >>

Land Use Management Bill to achieve equity
Rural Development and Land Reform Minister Gugile Nkwinti says the Spatial Planning and Land Use Management Bill seeks to transform land administration, with clear proposals to achieve equity, integration and sustainability in spatial planning. Read more >>

SA, UN sign cooperation framework
South Africa and the United Nations have signed a five-year Strategic Cooperation Framework (UNSCF) that will help government as it tries to meet its development agenda and implement its Programme of Action. Read more >>

Motlanthe, SANAC Trust meet to map future
Deputy President Kgalema Motlanthe on Tuesday met with the new South African National Aids Council (SANAC) Trust to induct the members of the trust in their new roles. Read more >>

Carbon tax may hurt heavy industries
[Edward West] The introduction of a carbon tax is likely to have a great effect on the cost structures of South Africa's heavy industries‚ say analysts. Read more >>

Brics development bank on the cards
The feasibility of establishing a Brics development bank will be an agenda item prominent in the upcoming fifth summit. Brics comprises five member states: Brazil, Russia, India, China and South Africa. Read more >>

Biodiversity contributes to economy - Molewa
The Minister of Water and Environmental Affairs, Edna Molewa, says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum. Read more >>

Special school assemblies to discuss rape
The Department of Basic Education, in partnership with LEAD SA, has announced a major initiative to raise awareness and educate South Africa's 10.2 million learners about rape. Read more >>


Government

Comair challenge may have wider ramifications
[Nicky Smith] The legal challenge brought by Comair against the government's two-year R5bn guarantee of South African Airways (SAA) could have consequences for how the government chooses to fund parastatals. Read more >>

Gautrain transparency questioned
The Gautrain Management Agency has revealed that it will soon be embroiled in a legal battle with its private partner, Bombela, over an alleged lack of transparency about its income. Read more >>

Prasa fleet renewal plan draws fire
Despite earlier opposition to the structure of the Passenger Rail Agency of SA's (Prasa) R123bn fleet renewal plan, executives from the Black Business Council (BBC) hope to cash in. Read more >>

Non-retirement savings plan from 2015
[Angus Macmillan] While tax-preferred savings and investment accounts were proposed in last year's Budget‚ this year's Budget has proposed that an amended system will be introduced from April 2015. Read more >>

HQ tax benefits for JSE companies
[Linda Ensor] The National Treasury has extended the benefits of its headquarter tax regime to companies listed on the Johannesburg Securities Exchange. Read more >>

Tax reduction in special zones
[Angus Macmillan] Tax incentives will be authorised in certain special economic zones after consultation between the Minister of Finance and the Minister of Trade and industry‚ the Budget Review document revealed on Wednesday (27 February). Read more >>

Personal tax cuts of R7bn
[Angus Macmillan] Finance Minister Pravin Gordhan has unveiled personal tax cuts totaling R7.0bn across all income brackets in the National Budget for the 2013/14 financial year. Read more >>

Tax relief for small businesses
[Angus Macmillan] There's some good news in the Budget for qualifying small business corporations and so-called "social impact firms." Read more >>

Retirement changes: more delays
[Angus Macmillan] There is good news and bad news in the Budget on the retirement planning front. Read more >>

VAT charged on foreign digital services
[Angus Macmillan] The government has proposed that all foreign businesses supplying e-books‚ music and other digital goods and services in South Africa be required to register as VAT vendors. Read more >>

Policy framework needed for connectivity
[Paul Vecchiatto] Funding for enhanced broadband connectivity throughout the country will only be allocated once a policy framework has been agreed‚ the National Treasury says. Read more >>

Moderate job creation expected
[Ntsakisi Maswanganyi] The National Treasury expects a moderate employment growth over the next three years‚ it said in its budget review 2013 released on Wednesday (27 February). Read more >>

Gautrain gets R861m 'patronage fee'
About 12m Gauteng residents are paying more than R70m a month to keep the Gautrain on its tracks. Read more >>

Bad news for smokers and drinkers
[Angus Macmillan] It's bad news yet again for drinkers and smokers‚ but certainly not unexpected news as the annual rise in so-called "sin taxes" is as predictable as the sunrise. Read more >>

Davies wants greater patent protection
The draft policy on intellectual property aims to bring an end to unfair practices and piracy in the South African market, Trade and Industry Minister Rob Davies said on Tuesday (26 February). Read more >>

Comair heads for court over SAA guarantees
Listed carrier Comair, which operates British Airways flights and low-cost airline kulula, will file papers on Wednesday (27 February) in the North Gauteng High Court to challenge the government's R5bn guarantee extended to loss-making South African Airways (SAA) in October last year, Comair Erik Venter said. Read more >>

Green technology must be priority
Green technology is essential to guarantee South Africa's energy security and reduce reliance on imported oil, Water and Environmental Affairs Minister Edna Molewa said in Pretoria West on Tuesday (26 February). Read more >>

US$950m to keep troops in Mali
ABIDJAN, COTE D'IVOIRE: West African nations will need aid worth US$950m to sustain and reinforce a military mission to help fight Islamists in Mali, Ivory Coast's Foreign Minister Charles Koffi Diby said Monday (25 February). Read more >>


Law Enforcement

Promotions halted at SAPS
The Labour Court in Gauteng has ruled that the SA Police Service not implement any promotions in line with its affirmative action plan until all lawsuits against the plan have been heard, Solidarity said. Read more >>

Farm workers - minimum wage is law
The new minimum wage for farmworkers is being enforced and the labour department's spokesman Page Boikanyo urged farmers to comply with the new wage of R105 a day, up from R69 a day. Read more >>

Court seeks explanation over sudden change
Agriculture Minister Tina Joemat-Pettersson has been asked to explain the "sudden change of heart" that led to the approval of a R6bn golf course development after it had been blocked by her department. Read more >>

Kangaroo sold as kudu biltong
Most of South Africa's biltong - dried strips of cured meat and a much loved snack - has little to do with the ingredients on the label, according to DNA test results published on Friday (1 March). Read more >>

Icasa cuts termination rates
[Thabiso Mochiko] The Independent Communications Authority of SA (Icasa) said last week that it would review the effect of the mobile termination rate cuts in a bid to stimulate competition in the market. The regulator could introduce further cuts as it says there is "no reason" rates should not fall to between 15c and 25c from the current 40c. Read more >>

Spat between Cell C and MTN heats up
[Duncan McLeod] The latest spat in the cellphone industry make a wonderful change from 15 years of relatively cosy relations and high prices Read more >>

Nzimande says officials defraud bursary schemes
Officials at some of the country's colleges have created ghost students as bursary beneficiaries and siphoned money into their own pockets, Higher Education Minister Blade Nzimande said on Thursday (28 February). Read more >>

Gauteng Finance rejects disciplinary hearing decision
The Gauteng Department of Finance has rejected the finding of a disciplinary hearing that cleared senior manager Alfred Khana of any wrongdoing. Read more >>

Davies calls for urgent meat probe
[Linda Ensor] Trade and Industry Minister Rob Davies has asked the National Consumer Commission to conduct an urgent investigation into the incorrect labelling of meat products‚ which has been a source of "alarm and panic" for consumers after researchers showed that some meat products such as mince and sausages contained other unlabelled varieties of meat. Read more >>


Government
Transport spending will rise to R74bn
[Paul Vecchiatto] Overall spending on transport will increase by 9.7% to R74bn according to the National Treasury's Budget Review. Read more >>

More Government news...


All industry news

Marketing & Media


Medical


Retail


Mining


CSI


Finance & Insurance


Agriculture, Horticulture & Forestry


Arts & Entertainment


Building & Construction


Environment & Conservation


Human Resources & Recruitment


Legal


Manufacturing


Property & Real Estate


Security & Military


Education & Training


Tourism, Travel & Hospitality


IT & Telecommunications


Maritime & Fishing


Sport


Logistics


Science & Technology


Lifestyle


Automotive


Print - Print any item in this newsletter.
Email - Email any item in this newsletter.
Comment - Comment on any item in this newsletter.


Today's weather

Cpt

28°C
15°C
Jhb

29°C
14°C
PE

28°C
18°C
Dur

31°C
21°C
Bloem

34°C
16°C

Click here to customise weather


2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

Sedikane Lerutla
3rd year Political Science student at the University of Limpopo
Kagiso Mapine
Executive Producer at Botswana Television
mapula innocentia malunga
Till operator at woolworths
nomhle mapasa
Assiatant Manager at outdoor warehouse

Industry sectors



Follow us

       
Press releases: Distribute your news professionally to over 170 000 subscribers across various industries. Read more about our press offices.

Editorial: We welcome your news, views and comments! Email press releases, invitations, interview requests, and proposals to governmentnews@bizcommunity.com and exclusive opinion pieces to contributors-government@bizcommunity.com.

Advertising: We welcome your sales enquiries! Email sales@bizcommunity.com and read more about our advertising rates.

Location: Cape Town (head office): tel +27 (0)21 680 3500 | 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa. Johannesburg: tel +27 (0)11 612 3003 | Sutton Square, The Business Centre, 8 Gemsbok Road, corner 12th Avenue, Rivonia, Gauteng.

Subscribe/unsubscribe: Invite your friends, colleagues, suppliers, customers and partners to subscribe!


© 2013 Bizcommunity.com. All rights reserved.
Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.

Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.