#Budget2018

[LISTEN] My reaction was superseded by a call to service - Nhlanhla Nene

Nhlanhla Nene is making a comeback to the Ministry of Finance.

This follows a cabinet reshuffle announced by President Ramaphosa on Monday night.

Speaking to Bongani Bingwa, Nene says he was informed prior to the Monday night appointments.

When public service calls other things are no longer a priority.

Nhlanhla Nene, incoming Finance Minister

I had things on my plate and I was beginning to enjoy what I was doing and was hoping to make a mark after having taken time to understand the terrain.

Nhlanhla Nene, incoming Finance Minister

Nene says he needs time to study the budget and understand what informed the budget that was delivered last week Wednesday.

Then Minister of Finance Malusi Gigaba announced that VAT will be increasing by 1%. The decision was widely criticised for its negative effects on the poor.

Listen to how the incoming minister will tackle SA's downgrades


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
#Cabinet reshuffle - Ramaphosa really wants to clean up: Analysts

#Cabinet reshuffle - Ramaphosa really wants to clean up: Analysts

Political analysts Richard Calland and Dumisani Hlophe gives analysis of the newly appointed Cabinet under Cyril Ramaphosa.

[LISTEN] SACP on cabinet reshuffle: We can't agree on everything

[LISTEN] SACP on cabinet reshuffle: We can't agree on everything

SACP deputy general secretary Solly Mapaila welcomes the new cabinet appointed by President Ramaphosa.

What does it take to reject a VAT increase in the budget?

What does it take to reject a VAT increase in the budget?

Leon Louw, from the Freedom Market Foundation explains how Parliament could reject the VAT increase.

Political Desk: 'Finance minister did a bit of an ambulance job' #Budget2018

Political Desk: 'Finance minister did a bit of an ambulance job' #Budget2018

Director of the Rhodes Business School Professor Owen Skae explains why VAT a was logical decision but not a popular one.

Fault line between DA and EFF: To hike corporate tax or not  #Budget2018

Fault line between DA and EFF: To hike corporate tax or not #Budget2018

DA says corporate tax should be reduced to stimulate economy while the EFF argues that corporates should be taxed more.

Good news, but is it enough? Universities SA on R57 billion education boost

Good news, but is it enough? Universities SA on R57 billion education boost

Universities SA says it's concerned the money may not be enough and wants Treasury to provide calculations.

Popular articles
Proudly South African Sxollie cider is winning awards, conquering the world

Proudly South African Sxollie cider is winning awards, conquering the world

The Money Show’s Bruce Whitfield interviews Sxollie cofounder Karol Ostaszewski for his weekly “ShapeShifter” feature.

Are you ready to 'Walk the Talk' with 702 & MTN?

Are you ready to 'Walk the Talk' with 702 & MTN?

The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.

[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Soulful Sundays Playlist: Sunday 11 June 2017

Soulful Sundays Playlist: Sunday 11 June 2017

Favourites to feed your soul on Sunday.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?