The opposition says grants create dependency and small business is the way to go to create work.
A strengthened rand and an increase in investor confidence follows the finance minister’s policy statement which has been welcomed by many economists.
Finance Minister Nhlanhla Nene has made his priorities clear by slashing departmental expenditure and increasing health and education spend.
Finance Minister Nhlanhla Nene has warned that changes to the tax policy will be presented next year.
South Africa has reached an economic crossroads and the finance minister has outlined a three-point plan that is going to affect everyone.
Nhlanhla Nene’s medium-term budget statement and last month’s inflation report are the big items on South Africa’s economic calendar.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David Van Rooyen
Treasury will consider partnerships with the private sector to extend some of SA’s infrastructure build despite it being politically impossible.
The finance minister said government is committed to lowering the budget deficit but a sluggish economic growth outlook will present a challenge.
The government is taking a number of steps to reduce the cost of doing business in the country, says Finance Minister Nhlanhla Nene.
The appointment of Nhlanhla Nene as finance minister deals another blow to the perception that some races are more capable than others.
New Finance Minister Nhlanhla Nene’s solid expertise, and track record make him an excellent replacement for Pravin Gordhan, analysts argue.
New Finance Minister Nhlanhla Nene’s solid expertise, and track record make him an excellent replacement for Pravin Gordhan, analysts argue.
The deputy minister of finance has admitted that the controversial newspaper advert placed by the department of basic education was ill-conceived.
Deputy Finance Minister Nhlanhla Nene said on Thursday treasury is still trying to stem abuse of the special pension fund for military veterans.
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/ 6 September 2011
The department of finance has warned that South Africans need to save money in order to avoid high indebtedness.
Despite a damning probe, neither the fraudsters nor officials who abetted them have been charged.
SA’s economic recovery is not sustainable yet and is still relying on loose monetary and expansionary fiscal policies, says deputy finance minister.
Swaziland has asked South Africa for an emergency bailout of R10-billion but the government say it would need to review the request first.
Ntsimbintle Mining, a black economic empowered company, signed a R430-million deal with OM Holdings on Monday for a new mine in the Northern Cape.
Creating more jobs is South Africa’s most critical challenge, Deputy Minister of Finance Nhlanhla Nene said in Johannesburg on Friday.
Workers should exercise discipline when demanding higher wage settlements, Deputy Finance Minister Nhlanhla Nene said on Wednesday.
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/ 13 November 2008
Newly appointed Deputy Minister of Finance Nhlanhla Nene endorsed inflation targeting on Thursday, going against the leftist voices in the ANC.
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/ 5 November 2008
Nhlanhla Nene — who recently made the news when his chair collapsed during a TV interview — is to be sworn in as deputy minister of finance.
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/ 22 October 2008
A sudden chair collapse, broadcast live on television, has turned parliamentary finance committee chairperson Nhlanhla Nene into an instant web hit.