News on this topic
Parties slam Godongwana’s ‘bailout’ budget as an election ‘gimmick’: Political parties have criticised finance minister Enoch Godongwana’s budget ...
timeslive.co.za/politics/2024-02-21-parties-slam-godongwanas-bailout-budget-as-an-election-gimmick/
Parties slam Godongwana’s ‘bailout’ budget as an election ‘gimmick’
More articles on this subject
Budget 2024: Godongwana inflicts pain on individual taxpayers: The South African Revenue Service has turned to salaried workers and professionals to buoy revenue ...
mg.co.za/business/2024-02-21-godongwana-inflicts-pain-on-individual-taxpayers/
Budget 2024: Godongwana inflicts pain on individual taxpayers
Highlights of South African Finance Minister Godongwana’s Budget: Below are the highlights of South Africa’s 2024 budget released by Finance Minister Enoch ...
trib.al/TcMoXf2
Highlights of South African Finance Minister Godongwana’s Budget
Budget 2024: No VAT increase despite R56.1 billion budget deficit: Treasury noted on Wednesday that tax revenue for 2023/24 is now expected to amount to R1 ...
iol.co.za/news/budget-2024-no-vat-increase-despite-r561-billion-budget-deficit-655b798a-e67b-4890-adde-e982d68df896
Budget 2024: No VAT increase despite R56.1 billion budget deficit
BUDGET 2024 | Multinationals to be taxed more: Finance minister Enoch Godongwana has announced that the National Treasury plans to introduce R8bn worth of tax ...
timeslive.co.za/politics/2024-02-21-budget-2024-multinationals-to-be-taxed-more/
BUDGET 2024 | Multinationals to be taxed more
Budget 2024 – Live stream, updates and commentary: Follow along as South Africa's Finance Minister Enoch Godongwana delivers the national Budget for 2024 ...
dailymaverick.co.za/article/2024-02-21-budget-2024-live-stream-updates-godongwana/
Budget 2024 – Live stream, updates and commentary
Budget 2024: South Africans should not expect a hike in VAT, says tax expert: While South Africans are stressing about a possible increase in taxes ...
iol.co.za/business/budget-2024-south-africans-should-not-expect-a-hike-in-vat-says-tax-expert-4f8a6f1d-4008-4bf6-969f-71b87af3cdbb
Budget 2024: South Africans should not expect a hike in VAT ...
South Africa’s Election Budget: Reserves Drawdown Is the Wildcard: Enoch Godongwana needs to conjure an annual budget that balances spending pressures stemming ...
bloomberg.com/news/articles/2024-02-19/reserves-drawdown-is-wildcard-in-south-africa-s-election-budget
South Africa’s Election Budget: Reserves Drawdown Is the Wildcard
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Helen Zille warns Johannesburg voters city is collapsing under debt and corruption
ewn.co.za/2026/05/07/helen-zille-warns-johannesburg-voters-city-is-collapsing-under-debt-and-corruption
Helen Zille warns Johannesburg voters city is collapsing under debt and ...
Joburg Mayor, SAMWU respond to Treasury over contentious R10.3bn wage agreement: In a letter dated 23 April 2026, the National Treasury has warned it could ...
ewn.co.za/2026/05/07/joburg-mayor-samwu-repond-to-treasury-over-contentious-r103bn-wage-agreement
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Gauteng Treasury intervenes as funding cuts loom for Johannesburg: As Gauteng Treasury intervenes in Johannesburg's escalating financial crisis ...
iol.co.za/news/politics/2026-05-07-gauteng-treasury-intervenes-as-funding-cuts-loom-for-johannesburg/
Gauteng Treasury intervenes as funding cuts loom for Johannesburg
Enoch Godongwana halts Joburg’s R10bn wage bill and warns of funding cuts: Finance minister criticises mayor Dada Morero for making ‘audacious’ commitment
timeslive.co.za/politics/2026-05-06-enoch-godongwana-halts-joburgs-r10bn-wage-bill-and-warns-of-funding-cuts/
Enoch Godongwana halts Joburg’s R10bn wage bill and warns of funding cuts
Finance Minister lauds Kieswetter for turning SARS around: Tabling the 2026 national budget on Wednesday, Godongwana was able to retract his plans to introduce ...
ewn.co.za/2026/02/26/finance-minister-lauds-kieswetter-for-turning-sars-around
Finance Minister lauds Kieswetter for turning SARS around
Public gets more time to weigh in on proposed 20% online gambling tax: Finance Minister Enoch Godongwana is due to deliver the budget 2026 next month ...
ewn.co.za/2026/01/19/public-gets-more-time-to-weigh-in-on-proposed-20-online-gambling-tax
Public gets more time to weigh in on proposed 20% online gambling tax
Follow live — Budget speech: VAT stays at 15%, expansion of zero-rated basket scratched
dailymaverick.co.za/article/2025-05-21-live-godongwana-budget-speech-2025/
Follow live — Budget speech: VAT stays at 15%, expansion of zero-rated ...
This is how much tax you will pay in 2025 based on what you earn: Finance minister Enoch Godongwana has some bad news for taxpayers in 2025.
businesstech.co.za/news/finance/816530/this-is-how-much-tax-you-will-pay-in-2025-based-on-what-you-earn/
This is how much tax you will pay in 2025 based on what you earn
POLL | Are you expecting good news from Enoch Godongwana’s budget speech?: Do you think Enoch Godongwana's budget speech will have some good news?
timeslive.co.za/politics/2024-02-19-poll--are-you-expecting-good-news-from-enoch-godongwanas-budget-speech/
POLL | Are you expecting good news from Enoch Godongwana’s budget speech?
Commentary: Budget 2024 - Revised property tax will lighten the load for first-time home buyers
channelnewsasia.com/commentary/budget-2024-property-tax-annual-value-owner-occupied-4130926
Commentary: Budget 2024 - Revised property tax will lighten the load for ...
Treasury grants Transnet R47 billion support package: R22.8 billion will be used to tackle urgent liquidity matters, such as settling maturity debt
mg.co.za/news/2023-12-01-treasury-grants-transnet-r47-billion-support-package/
Treasury grants Transnet R47 billion support package
Key FactsTransnet's Financial Relief: R47 Billion from Treasury
Dec 1, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: timeslive.co.za
  • Transnet faces a huge debt of R135 billion and is unable to borrow from the market.

  • Finance minister Enoch Godongwana and National Treasury agreed to a R47 billion credit guarantee facility to alleviate Transnet's financial challenges.

  • National Treasury confirmed that Transnet can immediately access R22.8 billion from the facility to address urgent issues, including paying off maturing debts.

  • While direct bailout wasn't considered, government expressed confidence in the credit guarantee facility and the recovery plan to resolve Transnet's challenges.