The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could..
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How you will pay for Zuma’s free education plan
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SARS desperate – goes after taxpayer who owes R0.49
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SARS is getting desperate after suffering huge shortfalls, and is now auditing a large portion of taxpayers who need to receive refunds. This is according to the Rapport newspaper, which spoke to tax practitioners about changes at the revenue service. According to the newspaper, more salary earners are subjected to audits – while SARS takes..
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SANRAL SCRAPS E-TOLL DEBT OF R3.6BN
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Sanral says it will write off R3.6 billion for the current financial year but will continue attempts to recover unpaid e-tolls by taking defaulters to court. The South African National Roads Agency Limited (Sanral) has confirmed it will be scrapping debt of more than R3 billion in unpaid e-tolls. Sanral says it will write off..
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South Africa is held hostage to the toxic politics of the ANC
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If it showed anything, the recent medium-term budget policy statement has proven that South Africa does not have a government capable of dealing honestly and head on with the developmental crisis that the country finds itself in. It will not have such a government for some time, at least not until the 2019 general election..
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Cabinet Ministers set for 4% pay rise as reward for tanking the economy
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Unfortunately, it’s not April Fool’s Day. We are deadly serious when we tell you that political heavyweights who’ve overseen a slump in the South African economy are set to receive a 4% pay rise. In a year of recession, junk-status and a declared tax shortfall of R50bn, it seems like our top brass have found..
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Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap
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The R50‑billion shortfall in tax revenue that the treasury will need to find elsewhere to plug the budget gap is close to how much state-owned entities (SOEs) have thrown down the drain in the past financial year. The auditor general, Kimi Makwetu, released national and provincial audit results on Wednesday. Although the number of clean..
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#FeesMustFall protest – Naked woman arrested at UCT
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The stomach-churning stench of human faeces‚ piles of rubbish‚ ripped curtains and a commotion on campus as the woman was being dragged into a police van greeted students on Thursday. Parts of the campus were sealed off by police in riot gear and private security and at least three people were arrested. Police spokesperson Captain..
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Poverty in SA a ‘direct baby’ of apartheid – Zuma
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Poverty is a direct baby of apartheid and not the making of the ANC-led government, said President Jacob Zuma in Parliament on Thursday. Zuma was responding to questions when he was confronted by statistics about the gradual increase in poverty levels in the country. In August this year, Statistics South Africa released the Poverty Trends..
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‘Pay back the money! She is a thief!’ ANC chants at De Lille during council meeting
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Patricia De Lille on Thursday said she has not stolen a single cent, insisting she had enough money to even consider lending money to the City of Cape Town – at a low interest rate – to deal with its water crisis. “I don’t need money from anyone,” she said ahead of her address during..
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The only thing falling faster than the Rand is the Presidents eyelids: Zuma caught napping during Gigaba’s mini budget speech
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A screenshot of Jacob Zuma taking a nap during Malusi Gigaba’s mini-budget speech has gone viral. Gigaba delivered his “maiden” budget speech on Wednesday – and the forecast was pretty grim. But if you’re hoping that President Jacob Zuma was going to zoom in to try and boost the confidence of consumers and investors, you’re..
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