Five Limpopo departments returned

2014-07-28 16:31

Five Limpopo departments placed under administration three years ago have been returned to the provincial administration, Finance Minister Nhlanhla Nene says.

Nene: Govt could struggle to reduce shortfall

2014-07-21 13:01

If economic growth remains weak, the government will struggle to achieve its target of cutting the budget deficit, warns Finance Minister Nhlanhla Nene.

Economy at the abyss

2014-07-04 07:23

It's time for government to take the downgrade threat seriously, says Mzwandile Jacks.

Treasury flags govt wage bill as a risk

2014-07-02 12:47

The government's wage bill and ongoing economic uncertainty present risks to financial sustainability, warns the Treasury.

Sars wants to collect R1trn this tax season

2014-07-01 13:06

The SA Revenue Service intends collecting nearly R1trn during the 2014/15 tax season, which has kicked off.

SA budget under pressure, warns Nene

2014-07-01 10:49

Finance Minister Nhlanhla Nene says the country's fiscal position is under strain because of a weakening economic outlook, but still sees an increase in expenditure.

Nene: Recession unlikely

2014-06-25 15:54

The economy is unlikely to go into recession, even after a contraction in the first quarter, says Finance Minister Nhlanhla Nene.

SA, US sign deal to curb tax evasion

2014-06-10 05:00

South Africa and the US has agreed to put into effect the Foreign Account Tax Compliance Act to promote transparency between the two nations on tax matters.

More bad news for SA economy

2014-06-03 05:00

The decline in vehicle sales by 9.2% is another sign that the economy is losing momentum, warns the National Association of Automobile Manufacturers of SA.

Nene: SA not headed for recession

2014-06-01 12:56

South Africa's economy is not heading into recession, despite contracting in the first quarter, says new Finance Minister Nhlanhla Nene.

Government taking initiative to end strike

2014-05-29 13:29

The government is taking the initiative to end a crippling platinum sector strike now in its eighteenth week, says new Finance Minister Nhlanhla Nene.

Numsa warns of fake Twitter account

2014-05-27 16:56

Numsa has warned of a fake account on social networking site Twitter, which claimed to belong to its general secretary Irvin Jim.

JSE makes mild gains as ministers sworn in

2014-05-26 18:34

Markets have taken the appointment of President Jacob Zuma's new cabinet in stride, with the new Finance Minister Nhlanhla Nene seen as a safe pair of hands.

Nene Twitter account is fake, warns department

2014-05-26 10:03

The National Treasury has warned of a fake Twitter account claiming to be that of newly appointed Finance Minister Nhlanhla Nene.

Nene takes over from Gordhan

2014-05-25 21:37

Nhlanhla Nene, the former deputy finance minister, has been promoted to replace Pravin Gordhan.

Few surprises in Zuma's new Cabinet

2014-05-25 20:25

There have been few surprises in the Cabinet announced by President Jacob Zuma, with 14 ministers retained in their old portfolios.

Zuma set to announce cabinet

2014-05-25 07:59

President Jacob Zuma is set to announce his cabinet this morning and is reportedly planning a major shakeup of his security cluster.

Who will follow Pravin?

2014-02-24 10:15

Gerrit van Rooyen of City Press looks at possible successors to Pravin Gordhan.

Youth wage subsidy bill passed

2013-11-01 08:07

Parliament has adopted the employment tax incentive bill as the Treasury prevailed in its three-year battle with Cosatu over a youth wage subsidy.

Nene: SA will take a hit on strikes

2013-10-10 09:52

South Africa's growth rates will surely feel the impact of strikes, even as mining revenues are expected to rise, says Deputy Finance Minister Nhlanhla Nene.

State-sponsored pensions losing support

2013-07-30 15:26

Governments and employers are shifting greater financial risks onto individuals, according to Deputy Minister of Finance Nhlanhla Nene.

No end to petrol pain

2013-07-12 07:53

The average South African wage earner spends 6.5% of their daily earnings on a litre of petrol, according to data from Direct Axis.

Government partnerships crucial - Nene

2012-12-17 09:04

The government's partnership with labour, the private sector and civil society is crucial in solving SA's problems, Deputy Finance Minister Nhlanhla Nene says.

No quick money in infrastructure - Nene

2012-08-21 13:44

Private investment in infrastructure should not be viewed as a quick way to make money out of government, Deputy Finance Minister Nhlanhla Nene says.

Oil, soft China growth a risk to GDP

2012-05-08 10:34

Rising global oil prices and slower growth in key trading partners China and India pose a risk to SA economic growth, Deputy Finance Minister Nhlanhla Nene says.


Nene: No China dominance

2014-07-18 05:00

China will not dominate the new Brics bank just because its headquarters are in Shanghai, says Finance Minister Nhlanhla Nene.

SA to meet revenue targets despite strike

2014-07-02 13:49

Finance Minister Nhlanhla Nene says the government expects to meet its revenue collection targets, despite the five-month platinum strike.

Sars to focus on certain areas this tax season

2014-07-01 21:05

Acting Sars commissioner Ivan Pillay warns that extra attention will be paid to certain parts of the tax filing process this year.

Nene places greater value on economists

2014-07-01 12:22

Finance Minister Nhlanhla Nene says economic forecasters should play a vital role in SA's budget process to assist in creating a better environment for growth.

Nene: Business, govt must work together

2014-06-24 19:40

The private sector and government must work together to stimulate the economy, which needed to be more competitive, says Finance Minister Nhlanhla Nene.

Mantashe: ANC will move SA forward faster

2014-06-09 05:00

The ANC will work with all sectors of society to boost the economy, which includes the implementation of an energy master plan, says secretary general Gwede Mantashe.

No new pay offer from platinum mines

2014-06-02 19:56

Platinum firms have not revised their wage offer to protesting miners as a government team tries to bring an end to a crippling five-month strike.

Nene: Govt taking initiative to end strike

2014-05-29 16:10

The government is doing everything in its power to end a crippling platinum sector strike now in its eighteenth week, says new Finance Minister Nhlanhla Nene.

Nene has much to mull over - expert

2014-05-27 19:42

Finance Minister Nhlanhla Nene has his work cut out for him following the latest economic growth data, says Old Mutual Wealth chief investment strategist Dave Mohr.

Govt: Don't be tricked by fake social media accounts

2014-05-27 05:00

People following developments in government via social media should do so through authentic accounts linked to departments' websites, an official says.

Why Gordhan was moved sideways

2014-05-26 14:23

News24 takes a look at the story behind Zuma's surprise decision to move Pravin Gordhan from his finance post.

Gordhan's shock move sends signal on policy

2014-05-26 05:00

Nomura's emerging markets economist Peter Attard Montalto describes Pravin Gordhan's new portfolio as "a tiny ministry with little power".

Nene's appointment won't spook investors

2014-05-25 21:35

Investors will be reassured that not much is likely to change under new finance minister Nhlanhla Nene in terms of policy, say analysts.

Nene takes over from Gordhan

2014-05-25 19:18

Nhlanhla Nene, the former deputy finance minister, has been promoted to replace Pravin Gordhan.

Nene: Black professionals charge too much

2014-02-27 16:10

Black professionals must stop charging municipalities such exorbitant prices for their services, according to Deputy Finance Minister Nhlanhla Nene.

SA seeks meaningful G20 growth target

2014-02-23 15:38

Further discussion over a formal target for global economic growth is needed before any agreement can be made, says South Africa's deputy finance minister.

Curbing welfare fraud helps save R2bn

2013-10-23 19:33

The social development department has saved R2bn this year, partly by weeding out fraudulent welfare claims, the Treasury says.

Our ministers' hot wheels

2013-09-08 17:47

Ministers and their deputies have been buying cheaper cars than they did four years ago, but they’re still not buying bargain basement specials.

Why can't SA have open source petrol?

2013-07-14 13:20

As a looming petrol price hike puts even more pressure on cash-strapped motorists, Fin24 users share their tips to keep head above water.

Consumers face double whammy

2013-07-09 14:38

Consumers face another huge petrol price increase as well as government’s threat to raise taxes to make up the expected shortfall.

Nene: Borrowing cost stable

2012-10-31 17:29

The cost of borrowing has remained stable over the past month, says Deputy Finance Minister Nhlanha Nene.

Zuma awaits final textbook report

2012-07-31 22:19

President Jacob Zuma is waiting for a final report on delays in delivering Limpopo textbooks.

Special pension fraud rife - Nene

2011-11-03 21:18

Treasury is still trying to stem abuse of the special pension fund for military veterans, Deputy Finance Minister Nhlanhla Nene says.

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