While most South Africans are hung up on the 1% VAT increase, Twitter has pointed out that Minister of Finance Malusi Gigaba quoted a song by American rapper Kendrick Lamar during the Budget Speech.
Finance Minister Malusi Gigaba has announced that the VAT will be increased from 14% to 15%.
Despite a R3 million bail out granted by government, and the National Treasury paying banks off a totaled amount of R5.2 billion, SAA is still deep in debt.
South African Airways (SAA) is reported to once more to be receiving a bail out of 10 billion rand. This will be achieved through the government selling their shares in Telkom. There is a motion in place for Finance Minister Malusi Gigaba to approve the request to appropriate R10 billion to SAA in the 2017-2018 […]