Wednesday, 20 February 2019 21:41

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.

Wednesday, 20 February 2019 20:01

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.

Wednesday, 20 February 2019 19:45

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 budget deficit for the 2018/19 financial year is expected to widen to 4.3% of the Gross Domestic Product (GDP) – which is higher than the 2018 Budget estimate of 3.8%.

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.

South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

The township retail and shopping centre market in South Africa is growing at a rapid pace.

If private- and public-sector land investment in our cities concentrates on keeping the haves away from the have-nots, urban sprawl will be encouraged, Professor Edgar Pieterse, told Green Building Convention 2017 delegates at Century City in Cape Town last week.

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