The document titled "South Africa Budget: Revenue and Expenditure 2024/25" provides information on the revenue and expenditure for the upcoming fiscal year. The tax revenue for the year is projected to be R1,863.0 billion, with personal income tax contributing R738.7 bill...
CAPE TOWN, Oct. 30 (Xinhua) -- South Africa's economic growth forecast has been revised down from 1.3 percent to 1.1 percent for 2024, Finance Minister Enoch Godongwana announced Wednesday during the Medium-Term Budget Policy Statement speech in the National Assembly in Cape Town, the country...
The National Budget delivered today by South Africa’s Minister of Finance, Enoch Godongwana, showed that government is making some significant financial commitments to restore Eskom to viability and maintain social grants. But with GDP growth projected at 1.4% on average from 2023 to 2025...
CNBC Africa is joined by Aluwani Museisi, Country Chair of Shell Downstream South Africa for a look at the national budget presentation through the lens of the energy sector and the supporting landscape. Wed, 19 Feb 2025 10:52:28 GMT ...
▪ Monetary Policy rate of 2.65% was reduced to 2.4% in December 2023 in response to lower inflationary pressures. ▪ The estimated budget deficit for 2025/2026 is P8.7 billion which is equivalent to 9.3% of GDP. ▪ Preliminary data indicates that in the first 9 months of 2023, an ...
According to the last data point published,in 2024 wasper inhabitant. In 2023 it was4,484 dollars, afterwards rising by423 dollars, and if we again check 2014 we can see that then the debt per person was3,007 dollars. The position of South Africa, as compared with the rest of the worl...
South Africa sits high on the bucket list of most adventurous travelers. It’s a wonderful country; one that that everyone should aim experience at least
Overview of the Hotel Market in South Africa for Q4 2024 The South African hotel industry in Q4 2024 is characterized by significant developments across various segments, reflecting broader economic trends and strategic industry shifts. The market is driven by a combination of sustainable tourism initi...
South Africa's public finances show signs of improvement. During 2023, the budget deficit stood at 4.9% of GDP, up from 4.2% of GDP in 2022 but down from 5.7% of GDP in 2021, 10% in 2020 and 6.9% in 2019. Yet, it remains higher than the annual average shortfall of 4.4% in 2012...