Treasury expects a R300 billion tax revenue shortfall:
Finance Minister Tito Mboweni says government expects to miss its tax revenue target by over R300 billion this year.
: SAnews – South African News seshnee
Budget share revised:
The National Treasury has revised the 2020 Budget national share from R758 billion to R790 billion, Finance Minister Tito Mboweni has revealed while delivering his Supplementary Budget on Wednesday.
: SAnews – South African News sihle
Economy expected to contract by 7.2% this year:
Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
: SAnews – South African News seshnee
Infrastructure expenditure still a priority:
While the COVID-19 pandemic is likely to derail government expenditure on infrastructure projects, Finance Minister Tito Mboweni has told Parliament that the State would have to resume these post-lockdown.
: SAnews – South African News sihle
Loan guarantee scheme to include business restart option:
As the country has moved from a hard lockdown to advanced level three lockdown and most of the economy is opening up again, the COVID-19 loan guarantee scheme will be expanded to help businesses restart.
: SAnews – South African News Janine
Click here to submit your Cape Town News – free.
Have you tried: Whale and Dolphin Watching in Algoa Bay?
Fun Western Cape Fact: The annual Cape Town Minstrel Carnival, also known by its Afrikaans name of Kaapse Klopse, is a large minstrel festival held annually on 2 January or “Tweede Nuwe Jaar”
Watch a Video:
Fix the WordPress White Wall of Death: