Land Bank needs CEO, urges Afasa

2014-11-21 06:00

The African Farmers Association of SA has called on Finance Minister Nhlanhla Nene and the Land Bank Board to appoint a permanent Land Bank CEO.

Concern about Ebola impact on Africa's growth

2014-11-18 16:10

South Africa is worried about the impact the Ebola outbreak could have on economic growth in Africa, says Finance Minister Nhlanhla Nene.

Nene: Country-specific reforms needed

2014-11-18 10:46

Sluggish global economic growth has been of concern to all at the G20 leaders summit held in Brisbane, Australia, says Finance Minister Nhlanhla Nene.

Nene: Room for fiscal expansion reduced

2014-11-13 09:48

South Africa can no longer postpone consolidating its budget as the room for fiscal expansion has been reduced, Finance Minister Nhlanhla Nene says.

Ministers meet SAA board

2014-11-11 20:27

Public Enterprises Minister Lynne Brown and Finance Minister Nhlanhla Nene have held a meeting with the SA Airways board, the public enterprises ministry says.

Downgrade pours cold water on Nene's first budget

2014-11-07 12:09

The Moody’s downgrade of South Africa’s investment grade credit ratings is no surprise, but the timing certainly is, says an emerging markets economist.

Treasury ignoring talks, claims Nehawu

2014-11-03 17:38

Nehawu has accused Treasury of conducting public service wage negotiations outside the collective bargaining process.

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.


Economy is at a crossroads, says Creecy

2014-11-20 19:28

The weakening current account deficit and rising public debt highlights the need for fiscal consolidation, says Gauteng finance MEC Barbara Creecy.

Nene: World economy not growing fast enough

2014-11-18 15:52

Finance Minister Nhlanhla Nene says leaders at the G20 summit expressed concern over sluggish global economic growth.

Rand firmer as mining output surprises

2014-11-13 19:19

The rand has edged slightly firmer against the dollar after a surprise expansion in mining output provided a rare piece of good news.

Zuma arrives in Australia for G20 summit

2014-11-12 11:37

President Jacob Zuma has arrived in Brisbane, Australia, to attend the G20 leaders summit, the presidency says.

Downgrade an indictment on Nene - DA

2014-11-07 19:12

The DA says Moody's decision to downgrade South Africa's debt rating indicates that Finance Minister Nhlanhla Nene's mini budget did not inspire confidence.

Tax coffers swell to R900bn

2014-11-04 15:26

South Africa's tax revenues jumped by 10.6% in the 2013/2014 fiscal year, helped by more people paying income tax due in part to tax changes, data shows.

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.

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