Carbon bill drops the ball on actual taxes

2018-01-07 06:05

A second draft of the Carbon Tax Bill has pushed out the actual imposition of the new tax and significantly reduced the tax burden in real terms.

Treasury 'notes' Zuma's fee free call in short statement

2017-12-16 18:34

National Treasury has responded in a short statement to President Zuma's announcement of fee free tertiary education for most SA students, saying it "notes the announcement" and was reviewing funding proposals.

Ramaphosa talks tough

2017-12-03 06:25

Deputy president Cyril Ramaphosa says President Jacob Zuma’s fiscal committee is undermining Treasury and he is opposed to any IMF loan for Eskom.

Zuma wants education fees plan to be phased in to protect fiscus – Treasury

2017-11-25 12:00

President Jacob Zuma has directed those working on a plan to provide free university education to ensure it is implemented in a fiscally sustainable manner, National Treasury has said.

Sachs did not resign, he wanted a transfer - Gigaba

2017-11-22 16:12

Former National Treasury official Michael Sachs, who resigned two weeks ago, did in fact not quit, but rather asked for a transfer to the Gauteng provincial finance department, says Finance Minister Malusi Gigaba.

IMF sees tough SA budget unless fiscal risk sorted

2017-11-17 09:27

South Africa will face more fiscal difficulties and higher financing costs should state-owned companies’ debt continue rising and if the nation’s local debt is downgraded to junk, the International Monetary Fund has said.

Budget process will continue without veteran Sachs, says deputy finmin

2017-11-14 17:38

Deputy Finance Minister Sfiso Buthelezi has warned that the public outcry over the resignation of National Treasury deputy director general Michael Sachs threatens to undermine the dedicated officials who remain.

Magda Wierzycka: Good people in government need to stay the course

2017-11-13 20:01

People like Michael Sachs from National Treasury need to stay the course - as hard as it may be, says Magda Wierzycka, CEO at Sygnia asset management.

Zuma's populist faction has given up on pacifying ratings agencies - Silke

2017-11-13 14:49

Analysts, economists and political parties have reacted with shock following confirmation that National Treasury stalwart Michael Sachs has resigned.

Treasury rocked as budget chief quits

2017-11-13 09:36

National Treasury has been rocked by the resignation of its long-time budget head, Michael Sachs.


Lungisa Fuzile ups the ante

2017-12-24 06:00

New Standard Bank SA boss says the new bank will jolt existing players in the marketplace.

Personal income tax revenue dwindles as SA economy slows

2017-12-12 12:38

Returns from personal income tax have moderated over the years mainly due to the slowing economy, according to a report by SARS and National Treasury.

Treasury appoints new acting budget head

2017-11-29 14:37

National Treasury announces that Ian Stuart has been appointed as acting deputy director general of the budget office, after the resignation of Michael Sachs.

SA to mull tax hikes and spending cuts to avoid full junk - Treasury

2017-11-25 09:34

The Presidential Fiscal Committee and Cabinet will meet in the next two weeks to work out plan that could spending cuts or tax increases of R40bn to strengthen the fiscus.

Sachs heads to Gauteng

2017-11-19 05:58

Treasury’s disillusioned budget head says he could not, in good conscience, lead the 2018 budget process.

SA's debt costs leap on record R3.3bn sale

2017-11-15 07:51

South Africa’s embattled Treasury had no trouble selling a record amount of debt at its weekly fixed-rate auction Tuesday - but at a cost.

Ramaphosa to woo Treasury's budget chief to return

2017-11-14 07:30

Deputy President Cyril Ramaphosa has said it is most unfortunate that long-time budget head Michael Sachs has decided to resign from the Treasury.

Fee-free university education 'regressive' - Davis Tax Committee report

2017-11-13 19:22

In a new report the Davis Tax Committee says that fee-free higher education for all tertiary university students in SA is not “financially possible or desirable in the short- to medium term”.

Gigaba pledges to protect budget integrity as Zuma's no fee plan rocks Treasury

2017-11-13 13:39

Finance Minister Malusi Gigaba has promised to protect "the integrity and transparency of the Budget system and process" as Treasury's budget head Michael Sachs abruptly quits.

Enemy of the People: 9/12, the day everything changed

2017-11-10 13:20

In the newly released book, Enemy of the People, former National Treasury director general Lungisa Fuzile has recalled the confusion, disruption and the poor taste in which Des van Rooyen and his advisers tried to capture South Africa’s fiscal purse.

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