Paul Vecchiatto

Writer at Bloomberg News

Correspondent at ITWeb

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Articles

South Africa’s Main Parties Hold ‘Constructive’ Budget Talks

1 week ago | bloomberg.com | Ntando Thukwana |Paul Vecchiatto

Fikile Mbalula(Bloomberg) -- The two largest political parties in South Africa’s governing coalition said they held constructive talks on Saturday to resolve an ongoing dispute over the nation’s budget.
Live Feed| PSC briefs the media on the release of Pulse Bulletin.

3 weeks ago | fullview.co.za | Paul Vecchiatto |Mike Cohen |Bloomberg....Read More

By Lehlohonolo Lehana. The Public Service Commission (PSC) is hosting a media briefing on the Quarterly Bulletin titled: The Pulse of the Public Service for the period: 01 January to 31 March 2025.
South Africa's coalition teeters as Budget shows widening rift. - Fullview

3 weeks ago | fullview.co.za | Paul Vecchiatto |Mike Cohen |Bloomberg....Read More

By Paul Vecchiatto and Mike Cohen, Bloomberg. South Africa’s ruling coalition risks unraveling after a dispute between its main members over proposed tax increases deepened, pummeling the rand. Tensions within the alliance were already running high because of disagreements over a series of contentious laws and exploded after the fiscal framework, which underpins the budget and incorporates a proposal to raise the value-added tax rate, was approved by the National Assembly late Wednesday.
South Africa ANC-DA Coalition Teeters as Budget Shows Widening Rift

3 weeks ago | bloomberg.com | Paul Vecchiatto |Michael Cohen

South Africa’s ruling coalition risks unraveling after a dispute between its main members over proposed tax increases deepened, pummeling the rand. Tensions within the alliance were already running high because of disagreements over a series of contentious laws and exploded after the fiscal framework, which underpins the budget and incorporates a proposal to raise the value-added tax rate, was approved by the National Assembly late Wednesday.
South Africa Parliament Proceeds With Debate on Fiscal Framework

3 weeks ago | bloomberg.com | Paul Vecchiatto |Ntando Thukwana

A debate on South Africa’s fiscal framework, which underpins the budget, proceeded in the National Assembly in Cape Town on Wednesday, despite objections from a number of lawmakers. The Democratic Alliance, the second-biggest party in the nation’s coalition government, has objected to the framework because it includes a proposal by the National Treasury to increase the value-added tax rate.
South Africa Budget: Investors Brace for Crucial Parliament Budget

3 weeks ago | bloomberg.com | Paul Vecchiatto

South Africa’s parliament is set to vote on a key piece of budget legislation amid uncertainty about the status of talks between the coalition government’s two biggest parties to resolve their differences over the spending plan. A panel of lawmakers on Tuesday backed a fiscal framework that underpins the national budget.
South African Panel Backs Fiscal Plan, Wants VAT-Hike Review (1)

3 weeks ago | news.bloomberglaw.com | Paul Vecchiatto

A panel of South African lawmakers approved a fiscal framework that underpins the national budget, with a condition that Finance Minister Enoch Godongwana review his proposal to increase taxes. The rand fell as the process heightened uncertainty about how a continuing dispute between the coalition government’s two main parties over the budget will play out.
South African Panel Backs Fiscal Plan, Wants VAT-Hike Review

3 weeks ago | bloomberg.com | Paul Vecchiatto

A panel of South African lawmakers approved a fiscal framework that underpins the national budget, while calling on Finance Minister Enoch Godongwana to relook at his proposal to increase value-added tax. “The Standing Committee on Finance has effectively adopted” the fiscal framework along with accompanying recommendations and referred it to the the National Assembly for approval, Joseph Maswanganyi, the panel’s chairman said in an interview.
Cape Town May Pitch In to Host F1 Race, Seeks E-Prix Return

3 weeks ago | bloomberg.com | Prinesha Naidoo |Paul Vecchiatto

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Rand Whipsaws as South Africa Budget Talks Come Down to the Wire

3 weeks ago | bloomberg.com | Paul Vecchiatto |Robert Brand

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...