What will the 2015 Budget say about parastatals?
"The National Treasury must prevent parastatal support from impacting the budget above the line to preserve the sovereign rating," he said.
According to Montalto, it is important that budget announcements are made with regard to parastatals, such as SAA, but Eskom especially, due to the economic challenges that are currently being faced by them. He noted that there is also "sluggishness in job creation, and delays of policy already on the parastatal front."
"SAA is a non-viable entity on a state-alone basis and will, we believe, need additional support from the budget… Eskom now has both an equity and a liquidity problem to be addressed, and we need to see specific details of companies to be sold and projected values and timelines, as well as wider guarantee changes or cash transfers… Tariffs remain a difficult issue for Eskom, which we doubt the budget can provide additional clarity on at this time," he added.
Featured Are you entitled to your spouse’s pension after divorce?
Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.
Retrenched – what payments are you entitled to?
In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.
Do you want to settle your debt?
You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus.
Can you afford a personal loan?
Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it?
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