There is a group of people that are not interested in the economic stability of this country and the welfare of its people, warns Gordhan.
Retirement changes revealed in S.A's Budget 2016
It is in light of this that the Minister of Finance in his Budget Speech announced that a Special Voluntary Disclosure Programme (VDP), a ‘third amnesty’, would be introduced in order to encourage affected taxpayers to regularise their tax and exchange control affairs.
Spur’s CEO, Pierre Van Tonder, joined CNBC Africa’s Tumisho Grater in studio to discuss the secret to its success as well as Spur’s future plans.
Fitch warns outlook for GDP growth and public finances remain an important part of its sovereign rating assessment.
45th Nedbank and Old Mutual budget speech winners
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Captains of industry react to Finance Minister, Pravin Gordhan's Budget speech
At 0645 GMT, the rand had slipped 0.22 percent to 15.6295 per dollar, a one-week trough wiping out the unit's recent rally to a two-month high.
“A key positive was that no hike in personal tax rates was announced."
"There is still no concrete safeguard against the potential loss of South Africa’s investment grade status" - Razia Khan.
S.A's 2016 budget expectations
This was before Gordhan started the budget speech.
The Minister of Health, Dr Aaron Motsoaledi, recently announced the goal to reduce South Africa’s obesity prevalence by 10% by 2020.
Two new taxes have been introduced for the first time in South Africa.
Highlights from South Africa's 2016 Budget.
SAA has been suffering losses over the past decade estimated to be over 10 billion rand.
South Africa’s economic turbulence will continue as the country is poised to post just under one percent of economic growth in 2016.
Pravin Gordhan, also mentions the completion of a R7.9 billion capital transfer to the Development bank of Southern Africa.
“We will do what we can to avoid a downgrade,” Gordhan told journalists.