logo
R770 million National Dialogue bill sparks uproar: final say lies with finance minister

R770 million National Dialogue bill sparks uproar: final say lies with finance minister

IOL News17-06-2025
Finance Minister, Enoch Godongwana will have the final say regarding funding amid widespread criticism from trade unions and political parties.
Image: Armand Hough / Independent Newspapers
As questions swirl around the projected R770 million price tag for the forthcoming National Dialogue, Deputy President Paul Mashatile has confirmed that the ultimate decision on funding will rest with Finance Minister Enoch Godongwana.
Last week, the National Dialogue preparatory committee announced that the process could cost as much as R770 million. This announcement has triggered public outcry and political scrutiny regarding government spending, with South Africa's largest trade union, Cosatu, and several political parties criticising the estimated figures.
"COSATU like other sober-minded South Africans was amazed that anyone could even suggest the Dialogue should be allocated R700 million.This rash thumb-suck budget figure should be dismissed as a verbal gaffe and a reckless typo better left deleted and forgotten," Matthew Parks COSATU Parliamentary Coordinator said.
Deputy President Paul Mashatile confirms that Finance Minister Enoch Godongwana will hold the final say on funding amid widespread criticism from trade unions and political parties
Image: GCIS
The National Dialogue was initiated by President Cyril Ramaphosa and aims to promote inclusive discussions on the country's most pressing social, economic, and political challenges.
"The dialogue will be a people-led, society-wide process to reflect on the state of our country in order for us to reimagine our future," Ramaphosa said.
Speaking to journalists outside the North West University's Rag Farm Stadium on Monday, Mashatile said the minister of finance will have the last say on the budget.
"Trade unions, the churches so it's going to be everybody what we are trying to come together as South Africans talk about our challenges but also solutions to our challenges. We want to come out of that dialogue and say this is the South Africa we want to build together," Mashatile said.
"The issue of the costs, obviously, will be looked upon by the minister of Finance, and normally when there are activities like this, officials will start planning and projecting the costs. The minister will decide whether funds are available in that regard or we need to cut down".
[email protected]
IOL Business Get your news on the go, click here to join the IOL News WhatsApp channel
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tips on how to build your savings and become financially resilient
Tips on how to build your savings and become financially resilient

The Citizen

timean hour ago

  • The Citizen

Tips on how to build your savings and become financially resilient

With many adverse economic forecasts, it is a good idea for consumers to work on their financial future and build resilience now. As the economy struggles due to domestic and international geopolitics, many South Africans need advice to improve their financial future. More than 80% of middle-income South Africans have little or no emergency savings, with 27% having no accessible savings at all and over half holding less than a week's take-home pay in reserve. At the same time, rising living costs, high inflation and stubborn unemployment are squeezing household budgets, Zihaad Israfil, CEO of DFI Financial South Africa, says. 'However, small changes, from tracking spending to using free learning tools, can help every South African improve their financial future. 'In an economic climate where rising costs affect millions, financial empowerment is no longer a nice-to-have, but essential. Too often, people believe that investing or even saving intelligently is only for the wealthy or financially educated. But financial success is built through education, consistency and the courage to take the first step.' ALSO READ: Savings month: How to save like a millionaire – even if you are not one yet He says anyone can improve their situation by shifting focus from fear to small, steady progress. In practical terms, he advises South Africans to start by mastering the basics: setting up a budget and knowing where every rand goes each month. 'Using a simple app or spreadsheet to track expenses can reveal unnecessary costs that can be trimmed. Cutting even small expenses can create breathing room to begin saving. With a budget in place, the next targets should be debt and savings. 'High-interest debt quietly eats away at financial progress,' he cautions. Paying more than the minimum on loans or credit cards can drastically reduce interest over time, freeing up cash flow. Every household should have separate emergency fund At the same time, Israfil says, every household should build an emergency fund. Even a modest cushion can prevent a small crisis from becoming a financial disaster. 'Consistency is key. R500 invested every month may not seem like much, but it adds up over time with compound growth.' He recommends automating transfers to savings or investment accounts by having a fixed amount move into savings as soon as your pay hits the bank, as this removes the temptation to spend first and helps savings grow by paying yourself first each month. ALSO READ: Savings month: Here's how to build your financial future brick by brick With those financial foundations secure, South Africans can begin to think about growth. Israfil stresses that investing is not gambling or a quick-rich scheme. Today's technology makes it easier than ever to start small. There are entry points for virtually every income level, from tax-free savings accounts to low-cost ETFs (Exchange Traded Funds) and retirement annuities. He says the goal is not to chase market timing but to be consistent: even tiny amounts invested regularly can compound into a substantial nest egg over the years. And importantly, everyone can learn – no advanced degree is needed. 'The more you understand, the more confident you become.' Practical tips for resilience and a good financial future To make progress, Israfil recommends these practical steps:

President Ramaphosa to address the nation on national security concerns
President Ramaphosa to address the nation on national security concerns

The Citizen

time2 hours ago

  • The Citizen

President Ramaphosa to address the nation on national security concerns

President Ramaphosa to address the nation on national security concerns President Cyril Ramaphosa is expected to address the nation on July 13 regarding critical national security issues, following public allegations made against senior political leaders and SAPS officials. This was confirmed by the presidency in a statement released on July 10. According to the South African Government News Agency, the upcoming address follows a media briefing held by KZN Police Commissioner Lieutenant-General Nhlanhla Mkhwanazi on July 6, during which he presented several serious allegations implicating high-level officials. ALSO READ: Ramaphosa reflects positivity during Wits dialogue for the upcoming elections At the time, Ramaphosa was attending the Brics summit in Brazil. 'The president undertook to attend to this development on his return from Brazil, given the implications for national security,' a statement from the presidency read. It confirmed that Ramaphosa has since been engaged in consultations regarding the matter and will now take the nation into his confidence. 'Ramaphosa has been seized with this matter in recent days and will, following various consultations, take the nation into his confidence on Sunday.' The address will be broadcast on major television and radio channels and streamed across various digital platforms. South Africans are encouraged to tune in for the official update. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

Auto-assessment and e-filing tips to avoid scams & get through tax season like a pro
Auto-assessment and e-filing tips to avoid scams & get through tax season like a pro

Eyewitness News

time3 hours ago

  • Eyewitness News

Auto-assessment and e-filing tips to avoid scams & get through tax season like a pro

Taxes are giving... adult admin (and extra stress) that many don't enjoy. The South African Revenue Service (SARS) announced the official start of the 2025 Filing Season, effective from 7 July 2025 to 20 October 2025. Auto-assessments are underway for South Africans who have been selected for the process. About 4.8 million taxpayers are expected to be selected for the auto-assessment process. If you've not been selected for an auto-assessment, you will be able to submit your tax return manually from 21 July until 20 October. ALSO READ: SARS expects 4.8m taxpayers to form part of 2025 auto-assessments Fisher-French breaks down some tax need-to-knows: If you're selected for the auto-assessment process, you'll get a notification informing you. If there's a refund from SARS, you'll receive it via EFT within 72 hours. Any additional income, for example, rental income, would need to be declared on auto-assessments. If it does not appear, you would manually need to add it. If you don't, you can be found 'complicit' in avoiding tax and be fined for it. This can be added by editing your auto-assessment. If you have a bond on a home that you're renting out, the interest is tax-deductible and would also need to be declared. Medical aid bills for individuals over 65 years old, family members with disabilities, and dependents are tax-deductible, while medical aid schemes taking up 7.5% of your salary can also be deducted. Don't fall for scams: you won't be given a 'clickable link' to update banking or personal details. SARS will inform you to log in to your e-filing account using their official website or their app. 'Click on nothing' is the key. Avoid filling in any forms asking for personal details, claiming to be from SARS. You have the option to object to your auto-assessment until 20 October on the e-filing system. If you're stuck with e-filing, use the 'e-booking' option on SARS' website to speak to a representative. The call centre takes longer as it's inundated with around 18,000 calls per day during tax season. If you've been auto-assessed, there's still room for error. Fisher-French advises that it's worth checking to see if SARS has captured all your information correctly. She says it's probably correct, but to be sure, it's good to double-check. Happy adulting!

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store