Vital for financial services to transform - Nene

2015-05-11 13:18

South Africa's financial services industry must transform in terms of who runs it, but also in what it does, according to Minister of Finance Nhlanhla Nene.

Comair to challenge SAA bailouts

2015-05-05 05:31

The North Gauteng High Court in Pretoria is set to hear Comair's challenge against the government's bailout of SA Airways.

No UIF cut for taxpayers yet, says Nene

2015-05-01 18:25

Finance Minister Nhlanhla Nene has withdrawn an UIF proposal for this year that would have put about R15bn back into the pockets of workers and employers.

Govt workers target Treasury for wage hike

2015-04-23 19:30

Thousands of government workers have marched to the National Treasury’s offices in Pretoria, to demand that it agree to their demands for 10% wage increases and improved benefits.

Nene: Public sector wage demands will cost R20bn

2015-04-17 13:44

Wage demands by public sector unions would cost the government an extra R20bn, says Finance Minister Nhlanhla Nene, as workers threaten mass protests.

Nene: Nuclear build a ‘substantial commitment’

2015-04-09 17:23

South Africa’s proposed nuclear build programme would be “a substantial commitment”, acknowledges Finance Minister Nhlanhla Nene.

Nene positive state can cut spending by R25bn

2015-04-07 21:15

The Treasury believes it will achieve a “budget expenditure ceiling” drop of R25bn by lowering the growth rate in transfers to public entities, among other measures.

Municipalities at war with Treasury blame Eskom

2015-04-06 16:01

Municipal leaders have accused government of using municipality money that was meant to be used to deliver services to the poor to instead solve Eskom’s woes.

Nene: Brown is not replacing full Eskom board

2015-04-02 14:26

Public Enterprises Minister Lynne Brown is not replacing the entire Eskom board, the Treasury said in response to a newspaper report quoting the finance minister.

SARS collects R986.4bn in tax

2015-04-01 18:00

SARS has collected R986.4bn for the 2014/15 financial year, a performance praised by Finance Minister Nhlanhla Nene given the challenging economic conditions in SA at the moment.


Comair's challenge to SAA bailouts continues

2015-05-06 05:31

Comair's challenge to the legality of government's bailouts of SA Airways will continue in the North Gauteng High Court in Pretoria.

Comair court challenge of SAA bailouts coming to a head

2015-05-04 13:33

Years after Comair first launched a legal challenge of the South African government's bailouts of state carrier SAA, the case is finally set to start.

Electricity the biggest economic challenge - Nene

2015-04-28 17:31

The lack of sufficient electricity is the most binding constraint to production and investment in South Africa, says Finance Minister Nhlanhla Nene.

Molefe: Eskom home loan book could raise R7bn

2015-04-22 13:30

Acting Eskom CEO Brian Molefe has given the first hint of which non-core assets the finance minister had in mind to be sold to raise funds for the power utility.

Eskom's R23bn fundraising plan questioned

2015-04-17 13:28

SA is yet to appoint banks to manage state asset sales needed to fund its power utility, bringing into question a statement that almost R23bn will be raised within a “couple of weeks”.

Power crisis cripples investment, risks rating

2015-04-08 13:27

The economy could have been 10% larger if power shortages had not stifled growth and investment, putting SA's debt at risk of being cut to junk, estimates show.

Tech education needs careful expansion - expert

2015-04-07 12:45

Policy makers in SA should tread carefully to ensure that resources are not wasted as technology in education programmes expand, says a UK company.

Nene seeks CPI linked bureaucrat increases

2015-04-03 07:49

The National Treasury says it is still seeking public service salary adjustments that are in line with the CPI after a significant period of “above-inflation” increases.

Praise all round as SARS proves naysayers wrong

2015-04-02 09:06

Naysayers who predicted that recent scandals would negatively impact revenue collection had to eat their words as SARS exceeded its collection target by R7.3bn.

SA broadband policy 'on track', says Cisco

2015-03-26 16:52

Despite the minimal reference to broadband in the State of the Nation, the government has a robust policy to roll out services, says an industry player.

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