Rand firmer as US data disappoints

2014-10-28 18:45

The rand has firmed to a six-week high against the dollar as durable goods orders in the United States came in below estimates.

Rand bids time ahead of risk events

2014-10-27 18:33

The rand has moved little, bidding time ahead of a data-heavy week that will drive direction.

Options to get public finances on track

2014-10-26 16:24

These are the five options Finance Minister Nhlanhla Nene is exploring to bring public finances back on track.

Hundreds of Telkom managers leave

2014-10-24 16:09

More than 300 managers at Telkom have left the company voluntarily as part of a restructuring process, Solidarity says.

Nene faces difficult battle - chamber

2014-10-23 19:58

Finance Minister Nhlanhla Nene has a tough time ahead if he is to curb the ballooning cost of the public service, the Cape Chamber of Commerce and Industry says.

Moody's welcomes Eskom equity injection

2014-10-23 13:51

Government's announcement of the package of solutions to support electricity utility Eskom is positive, says rating agency Moody's.

Risks for downgrades remain, warns economist

2014-10-23 13:14

There are solid fiscal policies on the surface of the mini budget, but low potential growth is being held back by micro policy choices, warns an expert.

Mini budget worth a cheer

2014-10-23 08:19

Nhlanhla Nene has made the most of a difficult fiscal situation, says Jaco Leuvennink.

Fiscal stimulus can become counter-productive

2014-10-23 06:00

The proposed adjustments - lower than planned spending and increased tax revenues - will require support from ordinary South Africans, says an expert.

R1.1bn for new land claims

2014-10-22 20:56

Finance Minister Nhlanhla Nene has forecast R1.1bn to be spent over the next three years on new land claims following the re-opening of the process in July.

Nene got it right, says ANC

2014-10-22 19:03

Finance Minister Nhlanhla Nene got the balance between the needs of the poor and state expenditure right, says the ruling party.

Entrepreneurs left out in the cold

2014-10-22 18:14

The Treasury has not found ways to make it easier for entrepreneurs to grow within a highly constrained economy, says Standard Bank’s commercial banking head.

Focus more on waste, urges UDM

2014-10-22 17:28

Finance Minister Nhlanhla Nene should have placed more emphasis on dealing with wasteful expenditure, says the UDM.

DA wants reduced cabinet

2014-10-22 17:11

The Democratic Alliance is disappointed that Finance Minister Nhlanhla Nene did say anything about the size of the Cabinet in his Medium-Term Budget Policy speech.

SA sees slight budget shortfall, low growth

2014-10-22 16:48

South Africa downgraded its economic growth and budget deficit forecasts, but vowed to keep a tight grip on spending, says Finance Minister Nhlanhla Nene

Fix poor service delivery: NFP

2014-10-22 16:38

Finance Minister Nhlanhla Nene should have announced measures to improve service delivery at local government level, the National Freedom Party has said.

Nhlanhla Nene's full speech

2014-10-22 16:23

Finance Minister Nhlanhla Nene has delivered his first mini budget speech, hasting through the statement, he was straight forward, Impressive.

Nene talks of tax reform

2014-10-22 15:41

Tax changes are likely to be introduced in February when Finance Minister Nhlanhla Nene tables his first full budget.

SA cities set for 'massive investment'

2014-10-22 15:14

The government is set to roll out "massive" investment to South Africa's cities, says Finance Minister Nhlanhla Nene.

Health budget grows, HIV treatment expands

2014-10-22 15:06

Close to half a trillion will be spent on healthcare over the next three financial years, with a big chunk to go into buying life-saving anti-retrovirals.

Mini budget good news for conservation

2014-10-22 15:01

The area of land under nature conservation is set to increase substantially, according to Finance Minister Nhlanhla Nene.

Mini budget to promote business growth

2014-10-22 14:55

Finance Minister Nhlanhla Nene may seem an austere guardian of the state purse, but his insistence that public spending will promote growth will please investors.

No new govt guarantees for Eskom

2014-10-22 14:42

Government will not be extending any new debt guarantees for Eskom, Finance Minister Nhlanhla Nene has announced.

Mini budget makes provision for Ebola

2014-10-22 14:31

The mini budget has set aside R32.6m for the department of health for Ebola control and prevention measures, including support for affected countries.


Plastic bag levy adds R1.1bn to govt coffers

2014-10-28 18:09

Finance Minister Nhanhla Nene admits only R215m of the R1.1bn collected from the plastic bag levy scheme has gone to the department of environmental affairs.

Taxes could cost ruling ANC municipal votes

2014-10-27 18:34

Any sort of business or individual tax would proportionally hit Gauteng harder than the rest of the country and that will be a challenge for the ANC in 2016.

JSE: what to look out for

2014-10-27 06:00

On the economic news front, watch out for producer price index and unemployment figures while the Reserve Bank will release credit extension and money supply data.

Nene ducks questions on tax changes

2014-10-26 16:21

The Treasury would not divulge to members of parliament which tax categories - whether personal or corporate - would be affected in the February budget.

Nene curbs funding on graft-fighting

2014-10-24 06:00

The Treasury is reluctant to throw good money after bad by over-committing funds to recover state money lost to corruption, says Finance Minister Nhlanhla Nene.

Nene: Cutting govt jobs a step too far

2014-10-23 14:58

Cutting rather than freezing the size of government’s bureaucracy is beyond the mandate of the National Treasury, says Finance Minister Nhlanhla Nene.

Mini budget not radical enough - Numsa

2014-10-23 13:36

Finance Minister Nhlanhla Nene's mini budget does not lay the foundation for changes in the structure of the economy, including its ownership patterns, says Numsa.

Jonas: Post office has two mandates

2014-10-23 11:53

The success of parastatals, including the Post Office, hinges on balancing viability with their government mandate, says Deputy Finance Minister Mcebisi Jonas.

Watch out for tax increases, experts warn

2014-10-23 07:00

The economy needs to accelerate significantly to meet even the revised GDP forecasts, experts warn.

Economists salute Nene

2014-10-22 21:03

Economists have saluted Finance Minister Nhlanhla Nene for containing state spending and debt, but opposition parties faulted him for not doing more.

Chamber welcomes budget

2014-10-22 20:48

The Chamber of Mines of SA has welcomed the mini budget, adding that it is working on initiatives to help unlock investment and growth.

Prepare to be taxed to save deficit - expert

2014-10-22 18:55

If you look at the collection estimates for 2015, South Africans can expect individual tax to be R6bn higher than the budget, says a tax expert.

Nene is scraping the pot, says Cope

2014-10-22 18:01

The Congress of the People leader Mosiuoa Lekota says there is no longer money in the fiscus and now Finance Minister Nhlanhla Nene is scraping the pot.

FF Plus not convinced by budget

2014-10-22 17:17

The Freedom Front Plus is not convinced that South Africa has reached a turning point in its finances, says party leader Pieter Mulder.

EFF calls for clampdown on tax evasion

2014-10-22 16:58

Government must deal with tax evasion to help improve service delivery and ensure a bigger fiscus for the country, says the EFF.

Budget on way to nowhere - PAC

2014-10-22 16:48

The mini budget speech delivered by Finance Minister Nhlanhla Nene lacks direction, says the Pan Africanist Congress of Azania.

Nene: Govt first to tighten belt

2014-10-22 16:32

Finance Minister Nhlanhla Nene’s comprehensive package of measures will reassure conservatives that he acknowledges the need for prudence on government’s side.

Nene: Eskom won't need to convert R60bn loan

2014-10-22 16:16

If Treasury decides to convert a R60bn subordinated loan to Eskom, it will not need to pay it back or service the loan, says Finance Minister Nhlanhla Nene.

Municipalities to extend free basic services

2014-10-22 15:31

Many municipalities will place greater emphasis on ensuring that free basic services are extended to reach all poor households, according to the mini budget.

Nene warns on wage bill

2014-10-22 15:12

The public service will henceforth have to accept inflation-related increases or face staff cuts, Finance Minister Nhlanhla Nene warned on Wednesday in his first mid-term budget.

Nene warns on wage bill

2014-10-22 15:05

The public service will henceforth have to accept inflation-related increases or face staff cuts, Finance Minister Nhlanhla Nene warned on Wednesday in his first mid-term budget.

Nene points to government prudence

2014-10-22 14:57

Finance Minister Nhlanhla Nene has announced a comprehensive package of measures to narrow the budget deficit, stabilise debt and begin to rebuild fiscal space.

No bailouts for SAA, Sapo

2014-10-22 14:55

The country's embattled state-owned entities, including SA Airways and the SA Post Office, will not be bailed out, says Finance Minister Nhanhla Nene.

Education to get biggest slice of budgetary pie

2014-10-22 14:39

Spending on post school education will grow faster than any other government programme over the next three years, says Finance Minister Nhlanhla Nene.

Nene: Economy at turning point

2014-10-22 14:28

Finance Minister Nhlanhla Nene has announced firm new measures to check SA's worsening debt outlook, warning the country has reached an economic turning point.

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