Budget 2019 in a nutshell

Finance Minister presented his Budget 2019 speech last night, with massive implications for all South Africans. This video, prepared by Absa, highlights the main points of the budget:

Spectrum licensing prioritised as growth driver

The minister of communications has been tasked with issuing policy direction to ICASA for the licensing of spectrum. This is the word from Finance Minister Tito Mboweni, who made the announcement with the rallying cry of “Data costs must fall!”. He adds: “I will work...

Mboweni outlines the future for SOEs

State-owned enterprises (SOEs) pose serious risks to South Africa’s fiscal framework – and the wisdom of keeping SOEs in their current form is now being questioned. “Isn’t it about time the country asks the question: do we still need these enterprises?” asks Finance...

Tech key to tackle societal shifts

Technology is leading societal and business changes, and South Africans need to ensure they don’t get left behind in the fourth industrial revolution. That’s the word from Finance Minister Tito Mboweni, presenting his 2019 budget. “As we look to the future, I see the...

Budget 2019: very few sweets among the bitter pills

Finance Minister Tito Mboweni’s Budget 2019 speech was forthright about the challenges facing the country and, while there were many bitter pills to swallow in the detail, the minister provided some good news (for rating agencies) on key subjects like Eskom and the...

Smart speaker access reaches 13% of Internet users

More than 13% of internet users surveyed across the Australia, Brazil, Canada, Germany, India, Japan, the United Kingdom and the United States had access to a smart speaker in their households in November 2018. Smart speaker penetration ranges from 6 percent in Japan,...