'Gordhan has passed his first test'

Political parties on Tuesday congratulated Finance Minister Pravin Gordhan on a positive budget and said he passed his first test.

Budget deficit soars as economy shrinks

South Africa will keep spending to steer its way through a global downturn and its first recession in nearly two decades.

Bigger Cabinet to cost SA more than half a billion

The creation of a bigger Cabinet and presidency will cost the country more than half a billion rand in "unforeseeable" expenses this year.

Gordhan to debate inflation targeting

South Africa's inflation target remains in place but the government and central bank would soon start talks on the best way to manage prices.

Gordhan: I'm a pragmatist, not a communist

Finance Minister Pravin Gordhan says he is aware of the political debate raging about economic policy, but will not be swayed from being "pragmatic".

Treasury spells out key spending priorities

As unemployment and poverty rise, Treasury says creating jobs and safeguarding social security are among its key spending priorities.

DA, Cope: Don't let left dictate economic policy

The DA and Cope on Monday called on Finance Minister Pravin Gordhan to show he is firmly in control of macroeconomic policy.

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