Fin24

Fin24


Fin24 is South Africa's leading and biggest source of business, economics and personal finance news, with 500 000 monthly users.

176580 followers  •  1009 follow  •  Pretoria  •   http://www.fin24.com

Iain Williamson has been appointed the group's permanent CEO, effective immediately.

Loading
Loading

#CigaretteBan Subel argues that the ban on cigarettes has had a negative impact on the "poorest of the poor" as they have to buy cigarettes at black market prices.

#SupplementaryBudget While SA has "many strengths", Mboweni says debt is SA's biggest problem. "We have accumulated far too much debt; this downturn will add more. This year, out of every rand that we pay in tax, 21 cents goes to paying the interest on our past debts."

#CigaretteBan He adds that 600 000 people signed a competition arguing against banning cigarettes - saying they were "ignored" by the state, while emphasis was placed on "a few hundred" submissions that supported the ban.

Finance Minister Tito Mboweni's adjusted budget in a nutshell. Visit Fin24's budget hub for more:

tweet picture

Rebosis had problems prior to Covid-19. But as the virus reduces rental income and property values, analysts worry that the Sisa Ngebulana founded firm may not survive.

Loading
Loading