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GDP Expected To Grow By 3.3%

The Gross Domestic Product (GDP) for 2021 is expected to increase. The National Treasury has projected the growth rate to be 3.3%. 

R9 billion Set Aside For Vaccine Programme

Covid-19 vaccines

With the vaccination programme finally in progress, the National Treasury has decided to allocate R9 billion towards it. 

Personal Income Tax Brackets Revised By Treasury

While delivering the annual budget speech, Finance Minister Tito Mboweni announced that there will be an increase in the personal income tax brackets and rebates.

Alcohol & Tobacco Tax Increase

alcohol & cigarettes

You can expect to pay more for alcohol and tobacco, as government has decided to increase the excise duties on these products.

SA To Face Tax Revenue Shortfall — Tito Mboweni

Tito Mboweni

Finance Minister, Tito Mboweni announced that the gross tax revenue will be lower this year compared to what was projected in the 2020 budget. 

Unemployment Rate Rises To 32.5%

South Africa's unemployment rate has increased by 1.7% from the third quarter of 2020. 

More Johnson&Johnson Vaccines Arriving This Week

The second batch of Johnson&Johnson vaccines will be arriving this week, following the recent start of the first phase of the vaccine rollout. 

UIF TERS Claims To Reopen Next Month

Applications for the Temporary Employee/Employer Relief Scheme (TERS) will reopen in March. This comes after the President announced that the relief scheme would be extended for sectors affected by the Covid-19 lockdown. 

President & Health Minister Among First To Be Vaccinated

President Cyril Ramaphosa and Health Minister Zweli Mkhize were among the first to receive the Johnson&Johnson vaccine. 

Johnson&Johnson Vaccine Lands In SA

The first 80 000 doses of the Johnson&Johnson vaccine has officially arrived in South Africa. The vaccine landed at OR Tambo International Airport on Tuesday evening.

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NSFAS Finalising Application Outcomes
Thursday, February 25, 2021 - 4:13pm - Simbongile Makanda

The Minister of Higher Education, Science and Innovation, Dr Blade Nzimande, said the government bursary scheme is in the process of finalising outcomes.

 The National Student Financial Aid Scheme (NSFAS) is a government bursary awarded to students who come from households earning an annual income of R350 000 or less. 

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GDP Expected To Grow By 3.3%
Thursday, February 25, 2021 - 3:21pm - Simbongile Makanda

The Gross Domestic Product (GDP) for 2021 is expected to increase. The National Treasury has projected the growth rate to be 3.3%. 

Finance Minister, Tito Mboweni said Covid-19 has led the GDP to shrink by 7.2%.

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R9 billion Set Aside For Vaccine Programme
Thursday, February 25, 2021 - 12:59pm - Simbongile Makanda
Covid-19 vaccines

With the vaccination programme finally in progress, the National Treasury has decided to allocate R9 billion towards it. 

Finance Minister, Tito Mboweni confirmed this during his budget speech on Wednesday afternoon. 

Read More
Alcohol & Tobacco Tax Increase
Thursday, February 25, 2021 - 11:13am - Simbongile Makanda
alcohol & cigarettes

You can expect to pay more for alcohol and tobacco, as government has decided to increase the excise duties on these products.

On Wednesday, Finance Minister Tito Mboweni announced that the excise duties on these products will increase by 8%.

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SASSA Grants Will Increase, Says Finance Minister
Thursday, February 25, 2021 - 11:12am - Simbongile Makanda
sassa card

Finance Minister, Tito Mboweni has confirmed that social grants will increase by below inflation rates of between 1.0 and 3.4 percent.

This increase will take effect from April 2021. Along with this, the extension of the temporary R350 grant will come to an end, decreasing grant expenditure by 2.2% over the next three years. 

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