national treasury

  1. Luis

    New draft rules for cross-border cryptocurrency transactions in South Africa

    South Africa releases draft manual on cross-border crypto activity The National Treasury and the South African Reserve Bank (SARB) have published a draft Crypto Assets Manual for cross-border activities. It followed the release of the draft Capital Flow Management Regulations 2026 for comment...
  3. Luis

    Sentech receives R700 million taxpayer bailout

    Sentech receives R700 million taxpayer bailout South Africa's National Treasury allocated R700 million to signal distributor Sentech in the 2026 budget without reviewing the entity's business model, governance structure, or long-term financial sustainability. This was acknowledged by the...
    • Luis
    • Thread
    • bosa enoch godongwana mmusi maimane national treasury sabc sentech
    • Replies: 1
    • Forum: Broadband and IT News
  4. Luis

    Government crypto crackdown is due to tax fears — Dawie Roodt

    Government crypto crackdown is due to tax fears — Dawie Roodt Economist Dawie Roodt said the real reason the National Treasury wants to clamp down on cryptocurrencies is that it will make it easier for South Africans to pay less tax. Roodt shared his views with Biznews about the National...
    • Luis
    • Thread
    • capital flow management regulations crypto crackdown cryptocurrency dawie roodt national treasury sars
    • Replies: 13
    • Forum: Cryptocurrency and Blockchain
  5. Hanno Labuschagne

    Dawie Roodt says government is losing control

    Dawie Roodt says government is losing control Renowned economist Dawie Roodt said that cryptocurrencies like Bitcoin are giving South Africans control over their money and eviscerate exchange controls. Roodt shared his views with Biznews about the National Treasury’s draft Capital Flow...
  6. Luis

    Plan to expropriate cryptocurrency in South Africa

    Plan to expropriate cryptocurrency in South Africa South Africa’s National Treasury has published draft Capital Flow Management Regulations that would update the country’s Apartheid-era exchange control rules to crack down on people with cryptocurrency. Carel van Wyk, an industry leader, said...
  7. Hanno Labuschagne

    South Africa can afford two more months of fuel tax cuts — Citigroup

    South Africa can afford two more months of fuel tax cuts — Citigroup South Africa has enough fiscal space to extend a fuel-tax cut by two months to cushion consumers from an oil shock triggered by the Iran war, Citigroup said. The relief would likely cost the government between R10 billion and...
  8. Hanno Labuschagne

    Eskom loses fight to stop farmers' damages claim

    Eskom loses fight to stop farmers' damages claim The Supreme Court of Appeal (SCA) has dismissed with costs Eskom's application to stop a damages claim brought by Free State farmers over fires allegedly caused by the utility's power lines. The five farmers have claimed that the fires, which...
  9. Hanno Labuschagne

    Banks and Treasury concerned over cutoff from international payments system

    Banks and Treasury concerned over cutoff from international payments system South Africa’s National Treasury and the heads of its top banks discussed the risk the country may be cut off from Swift, the international payments system, if US lawmakers impose sanctions, Sowetan reported. American...
  10. Hanno Labuschagne

    South Africa investigating flood insurance for major cities

    South Africa investigating flood insurance for major cities South Africa is studying whether some of its largest cities should take out flood insurance after a series of disasters in recent years led to bailouts from the government. The insurance being considered is parametric, a type of...
  11. Hanno Labuschagne

    VAT hike could be reversed in two months

    VAT hike could be reversed in two months While South Africa's VAT rate should increase to 15.5% on 1 May 2025, it could be back at its current level within two months due to higher revenues in the national government's 2025/2026 budget. Sunday Times reports that finance minister Enoch...
    • Hanno Labuschagne
    • Thread
    • 2025 budget speech budget 2025 enoch godongwana national treasury south african revenue service (sars) tax hikes taxes value-added tax (vat)
    • Replies: 59
    • Forum: News and Current Affairs
  12. Hanno Labuschagne

    SIU report findings on National Treasury-Oracle contract allege cost tripled

    SIU report findings on National Treasury-Oracle contract allege cost tripled A controversial IT contract awarded to US tech giant Oracle was allegedly facilitated by a former National Treasury senior official and its cost has tripled from an initial amount of R670 million to R1.9 billion...
    • Hanno Labuschagne
    • Thread
    • integrated financial management system (ifms) it contracts it tenders national treasury oracle special investigating unit (siu)
    • Replies: 2
    • Forum: Broadband and IT News
  13. Hanno Labuschagne

    Government losing over R4,000 a year in GFL tax for every EV sale

    Government losing over R4,000 a year in GFL tax for every EV sale The South African government loses an average of nearly R5,000 in general fuel levy (GFL) taxes for every electric vehicle (EV) that replaces a petrol or diesel car. One of National Treasury’s major sources of tax revenue is the...
  14. Hanno Labuschagne

    National Treasury pressure stopping Eskom from using tens of billions in renewable energy funding

    National Treasury pressure stopping Eskom from using tens of billions in renewable energy funding South Africa’s state power utility has failed to tap $2.5 billion (R47.9 billion) of cheap loans to build critical transmission infrastructure that would help end the country’s crippling energy...
  15. pratlou

    PwC sees tax hikes to plug R15bn shortfall

    PwC has pencilled in an increase in personal income tax or in the VAT rate by the National Treasury to raise the additional R15bn in revenues that finance minister Enoch Godongwana announced he would need during the medium-term budget policy statement. In the economic outlook report published...
  16. Hanno Labuschagne

    PwC says VAT hike possible in budget announcement

    PwC says VAT hike possible in budget announcement South Africa’s National Treasury may have to hike value-added tax (VAT) on some goods and services to bring in new revenues, accounting firm PwC said. Finance minister Enoch Godongwana in November signalled that he would announce new tax...
  17. pratlou

    Alarm over hiring freeze at Western Cape’s largest hospitals

    Health workers at Groote Schuur Hospital and Red Cross Children’s Hospital in Cape Town are starting to feel the effects of an ongoing freeze on the hiring of critical medical staff. A senior hospital manager at Groote Schuur told GroundUp that almost half of the medical officer (doctor) posts...
    • pratlou
    • Thread
    • national treasury nhi western cape western cape government western cape health department
    • Replies: 42
    • Forum: News and Current Affairs
  18. Hanno Labuschagne

    State employee salary hikes add R24 billion to budget

    State employee salary hikes add R24 billion to budget South Africa’s finance minister will honour an over-budget wage increase for public servants despite fiscal constraints, while also looking at proposals to cut down the size of government. The government won’t renege on a two-year wage...
  19. Hanno Labuschagne

    German experts complete report on state of Eskom coal power plants

    German experts complete report on state of Eskom coal power plants German energy consultants have completed a review of Eskom Holdings SOC Ltd.’s struggling coal-fired plants and will submit the report to South Africa’s finance minister this week. Enoch Godongwana is set to receive the report...
  20. Hanno Labuschagne

    EU penalties on the cards for South Africa if it does not start ditching coal

    EU penalties on the cards for South Africa if it does not start ditching coal South Africa must accelerate its transition to renewable energy to avoid export penalties being threatened by key trading partners, a government official said on Wednesday. “We are doing this for ourselves because it...
  21. Hanno Labuschagne

    Treasury launches solar loans for homes and small businesses

    Treasury launches solar loans for homes and small businesses The National Treasury has launched the Energy Bounce Back Loan Guarantee Scheme (EBB) — an initiative aimed at alleviating the impact of continuing difficulties resulting from unreliable power supply for small businesses and...
    • Hanno Labuschagne
    • Thread
    • energy bounce back loan guarantee scheme (ebb) enoch godongwana industrial development corporation national treasury solar loans solar power
    • Replies: 11
    • Forum: Broadband and IT News
Back
Top
Sign up to the MyBroadband newsletter
X