The national budget speech 2015 western cape government. Coronavirus covid19 regulations levels of compliance and adherence. Provincial treasury budget speech 201718 3 this budget is in tandem with this visionary outlook and is equally aligned to the broad priorities as outlined in the state of the province address sopa. South africas economic outlook south africas economy has continued to grow, but at a slower rate than projected at the time of the 2012 budget. The south africa yearbook gives a comprehensive account of the programmes and policies of our government as well as the current state of the south african nation. Feb 22, 2017 fellow south africans sanibonani molweni goeie middag thobela. South africa will also host the 25th ordinary session of the assembly of the au summit.
Communications directorate national treasury private bag x115 pretoria 0001 south africa tel. By the end of 2015 we aim to have broadened the evaluation community and. The year 2015 marks the 60th anniversary of the adoption of the freedom charter, which is a vision for a united, nonracial and democratic south africa. On 24 january 2015 it was announced that edgar chagwa lungu had won the. A period of unprecedented monetary stimulus in response to the 2008 recession is not yet over, and global volatility and structural imbalances are far from resolved. Cabinet welcomed the 2015 national budget that will drive the implementation of the ninepoint plan presented by the president during his state of the nation address. The budget followed the december 2017 election of cyril ramaphosa as anc president, and subsequently his election as the fourth president. South africa braces for a tough budget speech wednesday amid renewed optimism spurred by the countrys new reformist president who has promised to drive the economy out of the doldrums. Honourable speaker mister president cabinet colleagues and deputy ministers governor of the reserve bank mecs of finance fellow south africans ndi masiari sanibonani molweni goeie middag thobela dumelang avhusheni as i begin, let me first table before this august house.
The south african minister of finance delivered his 2017 budget speech on 22 february 2017, of which some of the key points we have summarised below. Responding to the imperative to move forward as quickly as possible to build a south africa defined by a common dream, our government committed itself, working with all south africans, to implement detailed programmes intended. Finance republic of south africa private bag x115, pretoria, 0001 tel. South africas budget 201718 in perspective south african. He indicated that south africa needs to raise an additional r28billion in tax revenues and reduce spending. This budget is about making south africa work smarter, harder, and differently.
It is no wonder that the man who turned the south african revenue services sars around commanded significantly more praise than the lacklustre efforts of president jacob zuma in his state of the nation address a week ago. Comment on the 2015 budget speech south africa into sa. Feb 23, 2017 south african finance minister pravin gordhan delivered the national budget speech for 201718 on 22 february in pretoria. As the president, jacob zuma encouraged during his 2015 state of the nation address, we need to go the extra mile in building a united, democratic, nonsexist and prosperous south africa. This budget speech is also my first as minister of finance. Perpetua investment team contributors on 22 february 2017, south africasminister of finance delivered the countrysannual budget speech. Budget speech is the new state of the nation address. The minister of finance earlier today delivered his budget speech for 201718 amidst depressed gdp prospects, and negative balance of payment figures. But we are mindful that debt sustainability 2015 budget speech 7 requires a prudent budget framework and improvements in both saving and investment. On wednesday, 25 february 2015, finance minister nhlanhla nene delivered his first budget speech in parliament at 14. Zambia officially the republic of zambia is a landlocked country in southerncentral africa. Boosting confidence, the economy and creating jobs imali yethu and national treasury working to improve public participation in the budget p rivate investment in south africa has been declining since 2015 as a result of low levels of business and consumer confidence.
South africa needs to be bold and coordinated in building sectors where we have comparative advantage and can be truly world class. Welcome to the official south african government online. South africa s liquid capital market and our standing in international markets enable us to meet this borrowing requirement. Budget speeches of south africa the annual south african budget speech is given by the minister of finance. His increasingly confident delivery of a budget with hardly any surprises stayed far behind any expectation and might as well be filed right after zumas state of the nation address just a few days earlier in a box labelled not worth. Heidelberg is a town in the western cape, south africa. Libel laws are used to suppress free speech and the press. Latest south african budget news and insights business report. The road starts at mukono with a population of 161,996 in 2014, located approximately 22 kilometres 14 mi, by road east of kampala, the capital city of uganda. Thanks to that effort, the books have been balanced. Budget speech 2017 western cape government 6 lost generation south africa has nearly 9 million people who are unemployed. Developing economies in africa, latin america and south asia will play an. South africas 2017 budget speech brand south africa.
Just click on the image below or search for south africa yearbook, then click on. Budget speeches of south africa south african history online. South africa yearbook government communication and. South africa is also part of the g20, an international forum for the worlds top 20 economies. South africa was once the worlds number one producer of gold. Highlights of south africas national budget speech 2017 by sa commercial prop news 20170222 12. These are the nearly six million, mainly black young south africans, who cant find work. Feasibility studies have recently been approved for a project to improve south africa and. Developments in south africas riskadjusted strategy to manage the spread of coronavirus covid19.
Browse the articles in south africa and get their gps coordinates, latitude and longitude. It is located near south africas south coast, on the n2 highway, 274 km east of cape town about half way between cape town and knysna. The honourable minister of finance read the 2016 south african budget speech on 24 february 2016. What is needed is a largescale resistance to zuma and his colleagues impunity. On 21 february 2018, the finance minister delivered the budget speech for the 201819 fiscal year. Citizens should be proud of the independent international recognition of being ranked first in the most recent 2017 open budget survey, together with new zealand. As has become more a feature in more recent times, given the current challenging political and economic climate, the content of the.
Download the 2018 2019 c2m in your interest booklet coming soon. Departmental budget speech 201516 sustaining tourism growth through partnerships. Launch international year of evaluation in south africa. Quite the opposite, in fact, it is a point of departure and gives new momentum to quebec.
We plan to reduce the deficit to 3 per cent of gdp in 201415, and public debt will stabilise at about 38 per cent of gdp. The national budget speech is an opportunity for government to tell you about its public spending plan for the year. For the peoples tax guides for 2015, visit the treasury website. Extracts from the budget speech are included below. As this budget speech has received an unusual amount of interest, we have set out the tax proposals in more detail than usual, although this summary is not. Click here to download the complete set of the 2015 16 budget for offline reading. This publication is the official authoritative reference work on the republic of south africa and is updated annually.
In 2014, the south african economy is projected to have grown by only 1. Although our fiscal position is constrained, there are considerable financial strengths on which south africas growth strategy can build. Budgets and expenditure for south africa multicountry office. Feb 26, 2015 on 25 february 2015 minister of finance, nhlanhla nene, presented the first budget of the fifth south african government as well as his maiden budget speech. The increased number of vulnerable refugees and asylumseekers in need of assistance, the significantly decreased opportunities for resettlement, and the need for longerterm incountry solutions for people of concern, including access to education and livelihoods, are major factors influencing the multiyear protection and solutions strategy. The treasury currently expects growth in the south african economy to be just 0. Eastern cape 2017 provincial budget speech south africa. Saicas budget commentary taxation technical information. Highlights of the south african national budget speech 201516 delivered by finance minister nhlanhla nene to parliament on wednesday, cape town. Waldo swiegersbloomberg budget in a nutshell for 201718. Located south of the equator, on the southern tip of africa, south africa is in both the eastern and.
The event gives a detailed break down of the collected revenue of the prior year and how the government used the funds. A period of unprecedented monetary stimulus in response to the 2008 recession is not yet over, and global. Comment on the 2015 budget speech south africa country. Fin24, south africas biggest source of financial, business. Then use our free online 20202021 income tax calculator to calculate your new tax rates based on your monthly salary. We strongly support the decision made in brazil by a broadbased group of evaluation stakeholders to declare 2015 as the international year of evaluation evalyear.
Highlights of the south african national budget speech 2015 16 delivered by finance minister nhlanhla nene to parliament on wednesday, cape town. Possible vat changes in 2018 budget speech riskafrica. Cabinet noted that south africa assumed the chairpersonship of the united nations security council at a time when the council will be dealing with. To the north of highveld, from about the 25 30 s line of latitude, the plateau slopes. South africa 2018 budget speech in full allnet africa. This is part of south africas celebration of the 50th anniversary of the safari 1 reactor. Outline of what we will be covering during the first term. South africa latitude, longitude, absolute and relative. Read more use our 2020 tax calculator to work out how much tax you will be paying and find out more about our taxefficient solutions to make the most of the tax benefit. Tabling the 2018 budget speech in the national assembly on wednesday, the minister said increasing vat was unavoidable, as there was a need to maintain the integrity of public finances. Budget speech by the minister of finance 26 february 2020 budget tax guide for 2020 for the 2021 year of assessment. September 2015, with a bid submission phase planned for the first quarter in 2016. Read more use our 2020 tax calculator to work out how much tax you will be paying and find out more about our taxefficient solutions to. According to the 2015 unaids report, south africa has an estimated seven million.
There are three narratives that underpin this vision. The lost generation is the half a million mainly black children who disappear. Welcome to the official south african government online site. Finance minister pravin gordhan steered clear of a vat rate hike during his 2017 budget speech, with r16. Last octobers medium term budget policy statement mtbps painted a bleak picture of south africas economic outlook. Save south africa and other organisations are working hard to do just that, yet its a battle for the long haul. Budget speech 4 20152016 this control of spending, confirmed in recent months, is the result of a collective effort, of all quebecers. South africas mini budget has unveiled a weaker fiscal outlook, which is creditnegative, says moodys investors service.
An expansion in infrastructure investment is one of the central priorities of the 2012 budget. As part of this programme, the heads of state and government. Zambia officially the republic of zambia is a landlocked country in southern central africa. I have the privilege to present our governments budget for the fiscal year 201718, and the framework for the next three years. Highlights of south africa s national budget speech 2017 by sa commercial prop news 20170222 12. Executive summary of sas 2017 national budget speech biznews. What the everyday person needs to know about the budget speech. Budget speech 2018 thapelo lekabe and citizen team finance minister malusi gigaba delivering the budget speech, 21 february 2018, cape town. It is located near south africa s south coast, on the n2 highway, 274 km east of cape town about half way between cape town and knysna. South africa, officially the republic of south africa rsa, is the southernmost country in africa. Overview the budget speech in south africa is the key financial event on the south african business calendar. Budget for the 2015 medium term expenditure framework, the budget of the department of higher education and training, dhet, excluding direct charges, projects increases over three years at an annual average rate of 5. Feb 22, 2017 south africas finance minister, pravin gordhan, presented what many believe to be a tough budget. Highlights of south africas national budget speech 2017.
As part of this programme, the heads of state and government of the au will visit the safari 1 research reactor at necsa in pelindaba. The forests of southern africa comprise a multitude of forest types and ecosystems. Minister mthembu to meet with stats council amid funding concerns. Budget speech 201516 department of tourism a re yeng bokone bophirima programme allocation.