Overview
Budget in a Nutshell
REVENUE: The revised estimated tax revenue for 2010/2011 is R658bn, or R69bn less than was budgeted a year ago. But it is still R1,4bn higher than the estimate in the medium-term budget policy statement in October.
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Economics Overview - Gambling on growth
Despite a dramatic deterioration in SA's fiscal fortunes, finance minister Pravin Gordhan's first budget holds a steady course
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Questions & Answers - Sars is getting smarter
SA Revenue Service commissioner Oupa Magashula talks to Thebe Mabanga about how he plans to raise revenues and catch tax cheats, why fuel is a legitimate target, and his six months in the job
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The Budget in Brief - Incredible shrinking man
Faced with a shrunken economy and huge revenue deficits SA's finance minister has done his best to face down SA's economic and social demons
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Political Overview - Brave heart, clear head
Finance minister Pravin Gordhan crafted his maiden budget with political astuteness and moral courage. Despite the cacophony in the ANC alliance over the past two years, he firmly endorsed existing macroeconomic policies and put to rest the debate on inflation targeting, while acknowledging that more must be done to create jobs.
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Political Overview - R25 billion saved, but not on cars
Treasury has wrested R25bn in extravagant expenditure from departmental, provincial and municipal budgets and re-allocated it to more worthwhile recipients. This is the product of the work of a ministerial task team established to cut costs.
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Political Overview - Employment - Creative thinking needed
Over the past year or two, politicians have promised a "development state", "paradigm change", a "new growth path", and "decent work". These forceful words demonstrate a desire by government to ease SA's widespread poverty and unemployment.
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Financial Mail Editorial
Editorial: Gordhan draws clear line in sand
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