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Daily Updates ZA is an independent youtube channel focused on informing and analysing the latest stories from around South Africa with a touch of humour.

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Small and medium-sized businesses will be hoping for some relief when Finance Minister Enoch Godongwana delivers the National Budget. The main challenge facing SMEs is rolling blackouts. President of the Johannesburg Chamber of Commerce and Industry, Shawn Theunissen speaks to #eNCA. Courtesy #DStv403

Tune in to Business Day TV, channel 412, as panelists discuss the budget speech for 2023-2024 and what it could mean for you and your business. Live on February 22nd at 1pm.
Link: http://bit.ly/41ilwUo

Minister Enoch Godongwana presents the 2023 Budget Speech

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Cosatu is calling on Finance Minister Enoch Godongwana to announce a package that relieves Eskom of up to two-thirds of its debt burden. Sizwe Pamla from Cosatu speaks to #eNCA Courtesy #DStv403

Public Sector workers have launched demonstrations in Cape Town and Pretoria ahead of the budget speech by finance minister Enoch Godongwana. Public sector unions will serve the employer with a 7-day notice to embark on a full-blown strike action today. They want a 10% wage increase backdated to 2022 after abandoning a new process of negotiations for the year 2023.
For more, we cross over to our Economics Reporter Katlego Legodi.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

The Agricultural sector has slammed the rise in the national minimum wage. Agri-SA says the 9.6 percent increase will cause further strain on already hard-pressed farmers. For more, eNCA speaks to Agri SA’s Johan Wege. #DStv403

PwC's Andrew Chibuye, Country Senior Partner shares his commentary on the 2022 Zambia National Budget. Part 1

Finance Minister Enoch Godongwana has a tough balancing act tomorrow. He’ll have to decide how much is spent on solving the electricity crisis, and where to trim when it comes to Government expenditure. Head of the South Africa programme at the Public Service Accountability Monitor, Zukiswa Kota, speaks to eNCA on this. #DStv403

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Budget Speech 2023 Review South Africa - Highlights - all you need to know for small business and individuals!

In this video I did a quick 2023 budget speech review and looked at what is relevant to individuals and small business.

Here is the link to the guide

https://www.treasury.gov.za/do....cuments/National%20B

I went through the guide released on the treasury's website and gave some commentary on some of the highs and lows of this years budget speech!

There was some relief and some good news for individuals and small businesses!

I also briefly touched on solar tax incentives for individuals and companies.

In a nutshell the tax tables have been adjusted so you will have a tax saving on your salary from end of March. There has also been an adjustment to the medical tax credits, and company tax rates have been reduced from 28% to 27% in the 2024 tax year.

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Presented by Heinrich Grove, director at SA Accounting Network PTY Ltd

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The next financial year budget is projected at 49.9 trillion shillings up from UGX 48.1 trillion allocated for this financial year 2022/23. However, what will be available for spending by the government is UGX 22.8 trillion with the rest of the resources channelled to items like debt payment.


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Finance Minister Enoch Godongwana will deliver the Budget Speech this afternoon. Godongwana will have to navigate through the country's immense economic challenges such as unemployment, the energy crisis, grants, tax incentives, safety and security and education to name a few, to find the right fiscal path.
SABC News reporter Bulelani Phillip and video journalist Sihle Mkhize are covering the story.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Stellenbosch Business School's Andre Roux spoke with eNCA's Dan Moyane. Courtesy of #DStv403

In the next financial year 2023/24, the government is seeking to collect domestic revenue worth Shs29.8 trillion in order to fund the National Budget. This has risen from Shs25.5 trillion, which is expected to collect in this financial year. Finance Minister Matia Kasaija says this is aimed at addressing the socio-economic challenges affecting Ugandans, Ismail Musa Ladu reports. #NTVNews #NTVTonight #NTVWeekendEdition

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PwC’s Gifty Appiah shares her views on the general outlook on taxes in the Mid-Year Review of the 2023 Budget Statement and Economic Policy of Government of Ghana presented by the Hon. Minister for Finance on 31 July 2023.