Abongwe Kobokana

1 week ago | sabcnews.com | Abongwe Kobokana

President Cyril Ramaphosa says he is optimistic that the country will be able to grow the economy over the next coming years. The President said this during the oral question and answer session in Parliament in Cape Town. He told the house government has been able to formulate viable and tangible economic growth plans. ” Financial resources, so the attainment of what we have out in our statement of intent is precisely how we want to fund these and fund our ambitions going forward.

1 week ago | sabcnews.com | Abongwe Kobokana

President Cyril Ramaphosa has defended his trip with the South African delegation to the United States of America (USA). Economic Freedom Fighters MP Omphile Maotwe asked the President what the visit has achieved for the country. Ramaphosa says they have accomplished their mission. He says soon after leaving Washington, further diplomatic deliberations began between two countries on a number of issues including addressing tariff increases. “We do believe that we have achieved those objectives.

1 week ago | sabcnews.com | Abongwe Kobokana

President Cyril Ramaphosa will answer oral questions in the National Assembly at Parliament today. His appearance in the House comes shortly after his visit to the United States (US). His trip is not part of the questions, however, if there is a question that is related to the visit, it can be raised during a follow-up question.

2 weeks ago | sabcnews.com | Abongwe Kobokana

The National Treasury has defended the decision to increase the fuel levy in the 2025/26 national Budget. Finance Minister Enoch Godongwana announced a general fuel levy increase of 15 cents diesel and 16 cents per litre of petrol when he tabled the Budget on Wednesday in Parliament. Deputy Director General on Tax and Financial Policy in the National Treasury, Chris Axelson, says the increase on fuel levy was last done in 2021.

2 weeks ago | sabcnews.com | Abongwe Kobokana

Minister of Finance Enoch Godongwana says insufficient revenue collection during the past financial year has caused the reduction in government spending allocation for 2025/26 budget. He told the four committees of Parliament on Finance and Appropriations that National Treasury was forced to do moderations on the budget proposal. “That substantial reduction in revenue has required us to do additional smaller adjustments on the revenue side. But primararly we had to moderate our ambitions.