Budget Day 2009 - sponsored by BoE Private Clients

Govt 'in good borrowing position'

Feb 12 2009 17:17

While SA will run a larger-than-expected budget deficit, economists say the country is in a good position to fund this as its debt levels can rise without any trouble.

Economy

Manuel dismisses recession talk

Feb 12 2009 18:04

Finance Minister Trevor Manuel has reiterated that SA was not in recession, but the Treasury warned that there were downside risks to growth.

Companies

Growthpoint overtakes Liberty

Feb 12 2009 13:42

JSE-listed Growthpoint Properties' market cap has topped that of UK mall owner Liberty International, a clear sign of SA property sector resilience.

Companies

'Aquarius to buy Ridge Mining'

Feb 12 2009 15:39

Aquarius Platinum is believed to be about to make an offer for junior miner Ridge Mining in the latest move in the consolidation of the SA platinum sector.

Companies

BCX: more money for turnaround

Feb 12 2009 18:16

JSE-listed ICT heavyweight Business Connexion says it needs to spend a further R15m to 25m on its "revitalisation" plan.

Companies

Manuel sweats over SAA

Feb 12 2009 08:52

Finance Minister Trevor Manuel says that holding an airline as an asset is a "problem" but that this doesn't mean action should not be taken to try and protect the asset.

Economy

China 'to spend $1bn in Africa'

Feb 12 2009 14:25

China plans to spend $1bn in Africa on commodity and industrial projects by October 2009 as its growth hits a sustainable level, says an analyst.

LOVE THY NEIGHBOURS: Zimbabwe's new Prime Minister Morgan Tsvangirai with President Robert Mugabe this week in Harare. Ratings agencies say SA's credit rating won't be hurt if Zimbabwe adopts the rand as currency. - AFP Full story...

Breaking News

Weak rand can't save resources

Feb 12 2009 17:50

Sharply lower resource stocks have pushed the JSE deep in the red.

Telkom suggests special dividend

Feb 12 2009 16:59

Fixed-line telephone operator Telkom has resolved to recommend a special dividend of R19 per share to shareholders.

'Budget, Zim no threat to SA'

Feb 12 2009 17:00

Amid rumours that SA faces a ratings downgrade, agencies have denied that the new budget and Zimbabwe will affect their decisions.

Health brokers up in arms

Feb 12 2009 10:53

A proposal by the Council for Medical Schemes to change how health brokers are remunerated was made in "bad faith", the Joint Brokers Forum says.

Sport events boost City Lodge

Feb 12 2009 16:31

Hotel group City Lodge says the A1 Grand Prix, tours by the Australian cricket team, the British Lions rugby team, and the Confederations Cup soccer will provide demand during the financial year.

'Key is to keep economy alive'

Feb 12 2009 09:16

Trevor Manuel says that in the face of stiff headwinds from offshore, it is critical to employ policies that keep SA's economy alive.

Rand slides amid rumours

Feb 12 2009 16:01

The rand has slumped against major currencies amid rumours that SA could face some bad news.

'No oil recovery before 2011'

Feb 12 2009 15:33

The man in charge of selling Iraq's oil says it will take at least two years for crude prices to recover to between $70-$75 a barrel.

Columnist

Warwick Lucas

Lifting the lid on futures

Warwick Lucas examines the fallout from failed single-stock futures transactions and looks at whether there's more to come.

More columns...

Inside Fin24.com

Budget in a nutshell

Here are the highlights and lowlights from the 2009 budget speech.

FULL TEXT: Budget speech

Read the full text of Finance Minister Trevor Manuel's national budget speech.

Relief for mining sector

Besieged local mines won't have to deal with the mining royalties regime this year.

Over 20 000 tips for Trevor

The "dysfunctional" Sars call centre, anti-retroviral treatment and tax on whiskey feature.

Booysen: Big risks remain

SA could easily enter a phase of negative growth, Absa's outgoing CEO has warned.

Stimulus - will market rise?

Joe Meyer takes a look at what the charts say about the US economic stimulus package.

International

SKorea rejects GM's funding plea

Feb 12 2009 16:14

South Korea has turned down a plea for government funds from the local arm of beleaguered US automaker General Motors.

Business

Income tax rewrite process on way

Feb 12 2009 11:52

An income tax rewrite process is on the way in South Africa, but it is a complex process, says commissioner of the South African Revenue Service.

Companies

New CFO for Netcare

Feb 12 2009 15:14

The Netcare healthcare Group has appointed a director and chief financial officer for Netcare Limited with immediate effect.

Economy

Explain yourself, SAA

Feb 12 2009 15:59

The director general of the Treasury says they are tired of answering for the sins of South African Airways. "They must answer for themselves."

Investing

Investing for your children

Feb 08 2009 23:38

How to start saving for your children's future.

My Business

Outsourcing gains ground

Feb 09 2009 17:23

Outsourcing is becoming increasingly attractive to companies looking for improved operational efficiency.

Comment & Analysis

Greta Steyn

Company Snapshot

Blogs

Podcasts

Video

Vote

Q: Are you satisfied with the way Trevor Manuel has allocated funds in the budget speech?

		Yes, the cut in personal tax is a welcome relief.	61%
		No, he could've allocated more to social spending instead of bailing out SAA.	25%
		It's what I've come to expect.	14%