Sin taxes, levies increase
Government will in the 2019/20 financial year again increase excise duties on alcohol and tobacco in an effort to raise much-needed revenue for the national fiscus, Finance Minister Tito Mboweni said on Wednesday.
Government ups the ante on infrastructure
Government’s Infrastructure Fund is set to receive a R100 billion over the next decade as the state steps up its infrastructure programme by partnering with the private sector.
Growth revised down to 1.5% in 2019
National Treasury has revised down the South African economy’s growth to 1.5% in 2019.
The Independent Power Producer initiative to be expanded to alleviate electricity supply constraints
Efforts are being stepped up to alleviate electricity supply constraints, with government preparing to expand the Independent Power Producer (IPP) initiative, said National Treasury.
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