Numsa urges govt to procure from locals

2012-11-01 16:20

Numsa has slammed Transnet's granting of a bid to supply 95 dual-electric locomotives to a Chinese manufacturer.

SA doesn’t impress agencies

2012-10-28 13:01

Government will have to prove that it can keep to the budget objectives before it can regain the favour of credit rating agencies.

Busa seeks stronger budget message

2012-10-25 18:35

The medium-term budget, while "balanced and realistic" should have had a stronger economic message, says Business Unity SA.

Pravin Gordhan brave, say parties

2012-10-25 17:14

Political parties have broadly welcomed the mini budget, although some questioned the treasury's influence on the government to implement the policy.

Service: SA not getting 'bang for buck'

2012-10-25 15:47

There is concern that additional budget allocations do not result in commensurate service delivery improvements, says Finance Minister Pravin Gordhan.

Slowing population growth to lighten load

2012-10-25 15:38

Slowing population growth will lighten the load on the state's purse in the long term, says Finance Minister Pravin Gordhan.

R460m boost for soccer

2012-10-25 15:31

South Africa's Treasury has allocated close to half a billion rand for next year's Africa Cup of Nations tournament.

Budget adjustments increase allocations

2012-10-25 15:17

The 2012/13 budget adjustments tabled by Finance Minister Pravin Gordhan provide for an additional R11.523bn in vote allocations.

Mining woes add to wider trade deficit

2012-10-25 15:05

The unrest in the mining sector has contributed to a decline in exports and a widening trade balance, says Finance Minister Pravin Gordhan.

R250bn set aside for infrastructure

2012-10-25 15:00

Government will spend R250bn over the next three years on infrastructure projects that are "shovel ready", says Finance Minister Pravin Gordhan.

Gordhan sticks with budget forecasts

2012-10-25 14:53

Government spending over the next two years will stick to the medium-term forecasts announced in February, says Finance Minister Pravin Gordhan.

Gordhan expects R5bn drop in tax revenues

2012-10-25 14:47

Finance Minister Pravin Gordhan anticipates revenue collection will be R5bn less this year than his February estimate.

Strikes, low confidence levels knock jobs

2012-10-25 14:44

Finance Minister Pravin Gordhan says labour unrest, weak business confidence and a widening current account deficit have held back investment and job creation.

SA loses R10.1bn to mining strikes

2012-10-25 14:36

The total value of production lost to platinum and gold mining strikes since the beginning of the year is about R10.1bn, the national treasury has disclosed.

R5.5bn for jobs fund

2012-10-25 14:23

Finance Minister Pravin Gordhan says about R5.5bn will be allocated to the jobs fund over the medium-term expenditure framework period.

Little change in govt spending

2012-10-25 14:21

Government spending over the medium-term expenditure framework period ahead will remain at the level set in the 2012 budget.

Private sector investment slow

2012-10-25 14:08

Private sector investment continues to grow at a weaker pace in South Africa than last year, Finance Minister Pravin Gordhan says.

Budget in a nutshell

2012-10-25 14:07

Government has reallocated resources amounting to more than R40bn, while transfers to municipalities will rise from R78bn this year to over R100bn.

Gordhan's warning shot

2012-10-25 12:02

Finance Minister Pravin Gordhan must do some tricky balancing when he presents his mini budget to parliament, says an analyst.

Rand under pressure, budget in focus

2012-10-24 09:21

The rand is slightly firmer against the dollar after hitting one week lows in a wave of global risk aversion and as a nervous market awaits the medium-term budget.

Traders eye mini budget for direction

2012-10-22 14:18

Finance Minister Pravin Gordhan will table his medium-term budget policy statement on Thursday as traders anticipate events from the statement to be rand friendly.

Expert: Wealth tax not off the agenda

2011-10-25 22:15

With government debt on the rise, the primary funding mechanism will always be tax revenue, so increases in tax rates could still be expected, according to a tax expert.

Treasury: Mining in decline

2011-10-25 17:15

Output by gold and diamond miners dropped sharply in the past year in spite of rising commodity prices.

No new debt issuance to fund deficit

2011-10-25 17:15

The government will not issue new bonds or increase its weekly debt auctions in spite of increased borrowing, says the Treasury.


SOEs will struggle to fund infrastructure

2012-10-28 15:49

State-owned enterprises will find it difficult to raise money to implement the government's proposed strategic infrastructure projects, says the DA.

SA needs luck and discipline

2012-10-25 19:51

It is encouraging that cost-saving efforts are bearing fruit, although treasury has dipped into its contingency reserve, says an economist.

Cautious approval for Gordhan

2012-10-25 18:28

Finance Minister Pravin Gordhan's medium-term budget policy statement has been met with cautious approval by business commentators.

Met Health: SA resilient in tough world

2012-10-25 16:38

South Africa was still resilient in a tough world, says Metropolitan Health CEO Blum Khan in response to the 2012/13 budget adjustments.

Gordhan forecasts 780 000 new jobs

2012-10-25 15:38

Finance Minister Pravin Gordhan has warned that job creation could be hampered by slower growth and rising wage demands.

Gordhan: Government 'ghosts' must go

2012-10-25 15:36

Finance Minister Pravin Gordhan says surplus state employees will be weeded out so that the government can save on its ever-increasing salary bill.

Soccer scores more than R450m

2012-10-25 15:22

Amid the finance minister's warnings of a "constrained fiscal environment", treasury has allocated nearly R500m for next year's Africa Cup of Nations tournament.

More money for HIV/Aids programmes

2012-10-25 15:07

A reduction in United States donor funding will see National Treasury allocating more money to the fight against HIV/Aids.

School backlogs grant gets R7bn trim

2012-10-25 15:03

Finance Minister Pravin Gordhan has trimmed R7.2bn from the school infrastructure backlogs grant over the next three years.

Gordhan: No major increase in spending

2012-10-25 14:57

Government spending over the next three years will increase only modestly, says Finance Minister Pravin Gordhan.

Weaker rand fails to rally exports

2012-10-25 14:53

The rand slipped by 7% in the first half of 2012 but this did not stimulate manufacturing exports, says Finance Minister Pravin Gordhan.

Govt debt to hit R1.7 trillion

2012-10-25 14:45

Government's debt will rise to about R1.7 trillion over the next three years before starting to drop, says Finance Minister Pravin Gordhan.

R7bn support for manufacturing projects

2012-10-25 14:43

The government has approved tax incentives worth R7bn for large manufacturing projects since 2010, Finance Minister Pravin Gordhan says.

A million more to receive grants

2012-10-25 14:29

More than a million additional South Africans will come to rely on the state for income over the next three years.

Two years before SA growth will improve

2012-10-25 14:22

The South African economy still has two years to go before reaching an improved but moderate GDP growth, it emerged from the mini budget.

Recession sends govt debt into overdrive

2012-10-25 14:10

The global economic recession has added more than R1 trillion to South African government debt.

Spending growth to be 'well contained'

2012-10-25 14:07

Spending growth will be kept within limits with key social and economic programmes continuing as planned, Finance Minister Pravin Gordhan says.

Gordhan slams critics, pessimism

2012-10-25 14:06

Finance Minister Pravin Gordhan has slammed negative criticism, saying South Africans tend to “swim in a problem” rather than making a plan and moving on.

DA: Gordhan needs to restore confidence

2012-10-23 16:34

Finance Minister Pravin Gordhan should use his medium-term budget policy statement to place a firm hand on the tiller, says the Democratic Alliance.

Gordhan's proposal worries Nehawu

2011-10-26 08:15

Finance Minister Pravin Gordhan's proposal of a moderate wage increase for public service workers will lead to a dispute, union Nehawu says.

Opposition mostly welcomes mini budget

2011-10-25 18:29

There has been broad support among opposition parties for Finance Minister Pravin Gordhan's medium-term budget policy statement.

State urged to moderate spending

2011-10-25 17:15

Finance Minister Pravin Gordhan says the pace of public spending needs to be reined in while services must improve.

Gordhan: 7% growth needed for jobs target

2011-10-25 17:15

Finance Minister Pravin Gordhan has again highlighted the need for SA to achieve 7% growth for a generation to create the jobs it needs.

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