Platinum group metal producers have suffered a stunning reversal of fortune over the past four months, thanks to a major cost crunch and an impending surplus of 2021’s go-go metal, palladium
CEOs are responsible for making sure the hospital is financially sustainable and to make sure it delivers good quality care
All the new registered programmes offer active learning, says director
There’s a shake-up in SA’s competition landscape, as Competition Commissioner Tembinkosi Bonakele is being replaced by Doris Tshepe. But it comes amid rumblings that the watchdog body is interfering ...
A traditional game is played at an institutional venue while down the road a new future beckons
Over the years, SA has entrenched its reputation as a global leader in budget transparency. This is clear from the expansive budget information that is published for public scrutiny each year, as well as from SA’s performance in international budget surveys.
"There was a time, back in the 1980s, when all you wanted to know from the budget was government’s assumption on the gold price, because tax revenue from the gold mines accounted for 25% of government tax revenue," recalls Sanlam economic adviser Jac Laubscher.
In those days the public had access only to the budget speech and tables of numbers.
Budget transparency has evolved steadily over time. In 1993, the Budget Review document was introduced. It has become an extensive resource of around 235 pages, presenting an enormous amount of information on fiscal policy across eight chapters.
The next big evolution came in October 1999, when treasury held its first-ever medium-term budget. In these budgets it sets out its spending, rev...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.