The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
Sona was a mixed bag but there were some meaningful announcements
The union federation says urgent, bold action is needed to keep the state-owned utility (and South Africa) going
The government has committed an additional R2-billion to the airline, but has yet to pay it out
The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]
The finance minister says despite the difficult fiscal environment, structural reforms are under way to put SA on a new growth path
At an institution like NFSAS, excess cash is not always a good thing
Finance Minister Pravin Gordhan has described the company as “arrogant and belligerent” regarding its joint venture with VR Laser Asia.
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Recent reports have suggested that arms manufacturer Denel have not followed the correct legal procedures in their dealings with the Gupta family.
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Finance Minister Pravin Gordhan said on Monday that the ANC needs to rediscover and reclaim its original purpose.
Finance Minister Pravin Gordhan has provided fiscal drag relief of R5.5-billion for individuals “focusing on lower- and middle-income earners”.
Treasury will consider partnerships with the private sector to extend some of SA’s infrastructure build despite it being politically impossible.
Improved trade data will help narrow South Africa’s current account deficit and is a sign the economy is rebalancing from consumption to production.
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But the roads agency’s success in recovering e-toll income from users will impact investor sentiment.
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Steelmakers are frustrated by slow infrastructure development exacerbated by spending cuts in the mining sector.
Exorbitant fees are among several factors contributing to unacceptably low levels of retirement savings in South Africa, says treasury.
South African Local Government Association has called for a programme to be implemented to help municipalities struggling with financial management.
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The South African treasury has warned that halting the user-pay system (e-tolls) will have dire consequences for South Africa’s finances.
Analysts have claimed that billions are at stake and the derivatives market could be destroyed because of the new securities tax touted by government.
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/ 15 February 2012
Nelson Mandela’s face on our banknotes leaves our other national heroes out in the cold, writes <b>Nickolaus Bauer</b>.
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/ 10 February 2012
South Africa’s economy could win if the unfair benefits accruing to producers of synthetic fuels ended.
A revolt has broken out in the national treasury, with top officials rebelling against Finance Minister Pravin Gordhan’s "political interference".
For Thabo Rakoloti, the work the DBSA is doing with the Department of Health could be used as a model for other government departments.
Despite a damning probe, neither the fraudsters nor officials who abetted them have been charged.
Details are starting to emerge about how the government is planning to manage foreign direct investment.
The ANC’s Western Cape secretary, Songezo Mjongile, has become the first high-profile casualty of the national treasury’s crackdown on tenderpreneurs.
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/ 22 February 2011
What budget tips would you offer Finance Minister Pravin Gordhan?
Deputy President Kgalema Motlanthe will take the lead in championing the fight against poverty, President Jacob Zuma said on Wednesday.
SA faces a sharp downturn after a prolonged boom and is responding with counter-cyclical measures to boost growth, Treasury DG Lesetja Kganyago says.
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/ 12 February 2009
South Africa’s economic confidence fell to a three-month low in January on a poor economic growth outlook and a weaker rand.
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/ 11 February 2009
Provincial health budgets are in the red, and are putting Trevor Manuel under intense pressure to ride to the rescue in his budget today.