Tax breaks for low income earners, but an increase in the fuel and road accident levies and in sin taxes. The finance minister pulled off a careful balancing act in a slow economy and an election year, tightening the reins on public spending but laying the foundation for the National Development Plan.
While jobs have been created since the "low point of the 2009 recession", the 24% unemployment rate was "still too high", Finance Minister Pravin Gordhan said in his annual Budget speech in parliament on Wednesday. Watch video of the speech and view and download key documents.
Wake up: Africa is no longer "the dark continent". It's a growing consumer market, and by 2020 it will be worth a trillion dollars, driven by demand for technology-based goods. Indeed, everything you think you know about Africa is about to change.
The third International Trade Programme trip, taking businesspeople to the United Kingdom to make deals and forge partnerships, was a success. More than half of the 14 people on the tour came back having concluded agreements. The focus this time was on the ICT sector.
South Africa is an important emerging market in the global stage, offering a solid and steadily growing economy with secure rewards for potential investors. That was the consensus at the Investment Promotion Workshop hosted by Brand South Africa at the Mining Indaba in Cape Town on 5 February.
The average South African is now worth US$11 310, up 169% from $4 200 in 2000, according to a new report, Wealth Statistics in Africa. More than this, the country's powerhouse city of Johannesburg is now home to the highest concentration of dollar millionaires on the continent.