SABC News - Special Reports - Budget 2017 20170215

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Fuel tax will be increased.
Gordhan will deliver the 2017 National Budget speech in Parliament

Proposals made in the 2016/17 Budget included the introduction of a sugar tax on sugar-sweetened drinks effective from 1 April 2017.

 Maynier says Gordhan may also introduce the sugar tax.
DA expects Gordhan to raise a number of tax’s

The Democratic Alliance (DA) says it expects Finance Minister Pravin Gordhan to announce a combination of tax increases in his budget speech on Wednesday.

Gordhan is busy putting finishing touches to his Speech.
Tough decisions for Gordhan on certain taxes

The Chairperson of the Davis Tax Committee Judge Dennis Davis says it will be difficult for Finance Minister Pravin Gordhan to raise certain taxes.

Deputy Finance Minister Mcebisi Jonas.
More education needed on budgeting process: Jonas

The public need to be educated more about the budgeting process, says Deputy Finance Minister Mcebisi Jonas.

Tax increase is highly possible.
SMEs optimistic of economic growth despite looming tax hikes

As all eyes will be fixed on Finance Minister Pravin Gordhan’s Wednesday budget speech, SMEs are optimistic that economic growth is certain despite projected tax increase announcement.

 On February 1, the South African Social Security Agency told parliament that the only viable option to ensure that 17 million people kept getting their payments in April would be to extend the Net 1
Gordhan warns against Sassa-Net1 grant contract extension

Finance Minister Pravin Gordhan has warned Social Development Minister Bathabile Dlamini that her plan to extend a contract with grant payment company Net 1 UEPS Technologies will be illegal.

Treasury says the National Budget speech will be presented against the backdrop of sluggish growth, the looming threat of a rating agency downgrade, the Fees Must Fall campaign.
Gordhan calls for tips ahead of 2017 Budget

Finance Minister, Pravin Gordhan, has called for tips before he tables the budget on the 22nd February.

The minister is under pressure with SA showing very slow growth.
Pressure on Gordhan as Budget Speech looms

Experts in the country expect Finance Minister Pravin Gordhan to announce an increase in the fuel levy of over 50 cents a litre.

Analysis

Labour and Mining analyst Mamogethi Molopyane.
Wage bill will be a challenge for Gordhan's budget: expert

Gordhan will have a tough challenge of curbing the increasing wage bill.

Possibly no previous Minister of Finance has had to walk a tightrope like Minister Gordhan will have to.
Budget 2017: To do great things is difficult

Possibly no previous Minister of Finance has had to walk a tightrope like Minister Gordhan will have to.

Chief Economist at Investment Solutions, Lesiba Mothata.
Budget 2017 expectations: Lesiba Mothata

Ratings agencies will be watching the 2017 Budget Speech on Wednesday very closely.

 In real terms (i.e. compensating for inflation) VAT payments in 2015/16 where 'only' 84 percent higher than that of 2003/4.
VAT increase and the budget

VAT forms as essential component of the tax system. In the  2015/16 financial year it accounted for slightly more than one-quarter of all tax revenue received by Treasury.

As Minister Gordhan addresses Parliament on Wednesday afternoon, members of Nehawu will be participating in marches in five provinces.
'Budget speech needs to allay fears, boost confidence’

Finance Minister Pravin Gordhan’s budget speech is expected to be punctuated by a handful of attention-catching announcements.

Increase in taxes are expected.
Budget 2017: What to expect

To get an overall view of what we can expect from Pravin Gordhan's budget speech, Francis Herd was joined by Owen Nkomo from Inkunzi Investments. 

Unequal distribution of wealth is a huge talking point currently.
Budget 2017 Preview: Current wealth distribution

In less than a week Finance Minister, Pravin Gordhan, will present his budget speech.

The Minister of Finance made it clear in last year’s medium term budget that tax increases will be needed to ensure that government revenue rises by R28 billion for the 2017/18 tax year.
SA’s 2017 Budget: tough economic times require tough decisions

South Africa’s 2017/18 budget will have to be bold to pull the country out of the prevailing economic crisis.

Multimedia

Full Speech Live.
Budget Speech Live Stream

SABC Digital News Live Stream of Budget 2017.

A quick view at the last three Budgets by both Ministers Gordhan and Nene.
Snippets of the last three Budgets

Aneesa Fazel looked at some highlights from previous Budgets.

Finance minister Pravin Gordhan will deliver his 2017 budget on February 22.(SABC)
2016 Budget Speech: Pravin Gordhan

Minister of Finance, Mr Pravin Gordhan, presented the budget speech in the National Assembly Chamber on Wednesday, 24 February 2016.

Former Finance minister Nhlanhla Nene delivered his budget on 25 February 2015.
2015 Budget Speech: Nhlanhla Nene

Minister of Finance Pravin Gordhan will deliver his budget speech on 22 February 2017.

Finance minister Pravin Gordhan will deliver his 2017 budget on February 22.
2014 Budget Speech: Pravin Gordhan

Finance Minister Pravin Gordhan presented his budget speech to Parliament on 27 February 2014.

Previous Budget Speeches

Minister of Finance Pravin Gordhan.
2014 Budget speech

Former Minister of Finance Pravin Gordhan delivered the 2014 Budget speech in Parliament on 27 February 2014.

Minister of Finance Nhlanhla Nene.
READ: 2015 Budget speech

Former Minister of Finance Nhlanhla Nene delivered the 2015 Budget speech in Parliament on 25 February 2016.

Minister of Finance Pravin Gordhan.
READ: 2016 Budget speech

Minister of Finance Pravin Gordhan delivered the 2016 Budget speech in Parliament on 24 February 2016.

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