Consumers cut back on holiday spending: survey

South Africans will cut back on travel and socialising over the festive season in favour of buying food amid tough economic conditions, according to a survey released on Thursday. According to Deloitte’s “Year-End Holiday Survey 2014: Savvy Spenders on the Rise”, consumers are expected to be more pragmatic in their[…]

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Possible tax increase next year: Analyst

Analysts have been divided on Finance Minister Nhlanhla Nene’s first Medium Term Budget Policy Statement on Wednesday, with some commending the tough stance taken against government spending. Others have expressed concern at the possibility of tax policy changes taking place during the next Budget Speech, which could see South Africans[…]

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Parties react to Budget Policy Statement

Government needs to take bold decisions and implement tougher measures to get the economy to recover, the DA said on Wednesday. “It is a difficult time for South Africa, that is why we need bold and strong leadership. Globally, other markets are starting to recover,” Democratic Alliance parliamentary leader Mmusi[…]

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