Business and Finance on Webmail.co.za

Discovery’s spending spree eats into profit

The cost of a new building, the launch of a commercial bank and other initiatives left a dent in company’s bottom line

A boost for affordable housing finance as Tito Mboweni allocates R1bn to help first-time buyers

The government plans to help you if you are a first-time home-buyer .

Spike in petrol taxes

Taxes on fuel prices are going up and a new tax is on the cards which will bite into your monthly budget

Tax: What's up and what's not

If you're away for at least one night and you receive a subsistence allowance or an advance from your employer for costs, you can now deduct R435 a day for meals and incidental costs.

No direct increases in corporate and individual taxes

A gain of R12.8bn will accrue to the fiscus because no adjustment has been made to tax tables to take bracket creep into account

Tax tables: How your tax burden is increasing

Government is filling its coffers in more ways than one, at your expense.

Wrap of budget speech stories

Finance Minister Tito Mboweni delivered the much anticipated Budget Speech on Wednesday.

IN FULL | 2019 Budget Speech

Finance minister Tito Mboweni delivered his maiden Budget Speech in the National Assembly on Wednesday, February 20 2019.

Tito Mboweni lashes out at public protector over Treasury DG finding

Finance minister Tito Mboweni has no confidence in public protector Busisiwe Mkhwebane.

Performance bonuses out‚ early retirement in as Tito Mboweni cuts wage bill

Finance minister Tito Mboweni has introduced measures to trim the public sector wage bill by R27bn over the next three years.

Govt to spend R5.8-trillion over the next three years: Tito Mboweni

Despite a tough economic environment‚ government is planning to spend R5.8-trillion in the next three years.

Pension, child care grants increase

The government’s spending on social grants will rise from R162.6 billion in 2018/19 to R202.9 billion in 2021/22, growing at an average rate of 7.6% a year.

Tito Mboweni: 'Pouring money into Eskom is like pouring water into a sieve'

Government will allocate R23bn a year in the next three years to help the cash-strapped power utility Eskom meet its financial obligations.

Here’s how much more you’ll pay for your sins

If you use a Twisp, watch out. The Budget speech says Government intends taxing “electronic cigarettes and tobacco-heating products”.

School books‚ sausages and tomatoes - here's what you are paying more for in 2019

South Africans feeling the pinch at the grocery store are not imagining price hikes.

Is Capitec starting a fee price war?

The bank normally announces its fee increases in March, but announced its fee structure a week before new digital bank TymeBank is due to host an investor day.

High electricity prices will push consumers to renewable energy - Jeff Radebe

Higher power prices and unreliable supply will push municipalities toward renewable energy‚ minister Jeff Radebe has warned.

SA taxpayers worse off after Nenegate - economist at state capture inquiry

Catherine MacLeod said axing of Nhlanhla Nene as finance minister had both long- and short-term effects on SA's economy.

Sea voyages inspire clothing line

Constance Nengovhela has started a company to motivate shipping industry workers

SAA unbundled: Everything you need to know

South African Airways is one of several troubled state-owned entities that are undergoing restructuring.

Makers of load-shedding app expect one million users by end of February

At first it was just an idea between two friends who wanted an app to help simplify the load-shedding schedule. Today more than 500,000 users depend on it.