The state-owned airline needs to ‘hire a competent, experienced CEO’ as one of the conditions for getting a R5-billion bailout, says Gordhan.
The power utility’s contract with the Gupta-owned Tegeta company is at the centre of a spat that has heightened factionalism in the ANC.
With the news that British voters decided to leave the European Union, emerging market currencies – including the Rand – have taken a beating.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David van Rooyen.
The Local government Association declared a dispute with Treasury to release of R1-billion to 39 municipalities whose funding is being withheld.
President Jacob Zuma has removed Nene as the minister of finance and replaced him with ANC MP David Van Rooyen
The treasury is thinking of enforcing the levy to reduce our emissions, but this won’t work.
Passive management of pension funds could provide similar returns at a lower price, it says.
With the help of technology, it is hoping to flag graft and standardise and simplify procurement.
The upcoming elections may be driving the rush for amnesty and reform to the garnishee system.
Someone needs to come up with a simple, affordable scheme for low-income earners.
And Treasury says it will work with Libyan authorities to locate more.
Cross-border financial regulations are being relaxed to make doing business in Africa easier.
SA may issue five new bonds this week, helping to plug a 10-year benchmark gap and extend the government yield curve by a further seven years.
Compulsory fund preservation and simplifying products are among the options highlighted in the treasury’s discussion document.
Treasury’s Lungisa Fuzile says the economy is on a more sure footing but the target growth of 7% will not come without fixing infrastructure backlogs.
The debt crisis in Europe could hit local bonds if it worsens, pushing yields higher than expected as the continent holds 35% of government’s debt.
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/ 25 February 2011
A youth subsidy that would get people working at a fraction of the IDC’s costs will only start next year.
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/ 24 January 2011
You can’t send "Tips to Trevor" any more, but Pravin Gordhan is keeping the tradition alive.
Pravin Gordhan, head of South Africa’s tax authority, is the frontrunner to succeed Finance Minister Trevor Manuel if he is moved to another post.
A forensic report leaked to the M&G shows the SABC board is split into two camps, fighting over political control and editorial independence.
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/ 19 February 2009
When it comes to the treasury, common sense does eventually prevail; it just takes a while.
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/ 29 January 2009
A court order forcing government to pay about R300-million for its outstanding bus subsidy payments was an interim solution, Satawu said on Thursday.
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/ 31 October 2007
Broad-based price increases in South Africa’s economy showed there was a problem that needed to be ”handled”, Reserve Bank Governor Tito Mboweni said on Tuesday. Speaking in Johannesburg, he also warned that, in general, faster inflation meant tighter monetary policy.