Browsing: Enoch Godongwana

South Africa’s two biggest political parties are holding a series of talks to resolve an impasse over the national budget.

Removing ad valorem duties is a first step, but more work needs to be done to bridge the affordability gap.

South Africa’s big operators have lauded the announcement that luxury duties on basic smartphones will be scrapped.

Government will remove the luxury excise duty on basic smartphones from 1 April, ahead of the shutdown of 2G and 3G networks.

Treasury is likely to opt for a smaller, 0.5 percentage point hike in a rescheduled budget to be presented on Wednesday.

Crypto exchange Luno says this classification will lead to increased institutional investment and greater tax collection.

The Post Office can survive another month with the funds but the turnaround strategy still demands billions from the fiscus.

South Africa’s national budget, which was meant to be tabled on Wednesday, has been postponed until 12 March.

All eyes will be on finance minister Enoch Godongwana when he delivers his 2025 budget speech next Wednesday.

Communications minister Solly Malatsi has told TechCentral that he is actively seeking ways to rescue the Post Office.