Coronavirus | Treasury mum on upcoming Moody's decision - but says SA is still within budget

2020-03-24 14:38

National Treasury will explore introducing amendments to the appropriations bill to account for the reprioritisation of funds to fight Covid-19.

Treasury tells councils to speed up procurement of coronavirus supplies

2020-03-19 19:58

National Treasury announced on Thursday that it had issued an instruction note for municipalities and their entities to speed up procurement of goods and items to help prevent and contain the spread of the coronavirus.

Coronavirus: 4 points on Monday's inter-ministerial briefing on state of disaster

2020-03-16 19:56

Ramaphosa talks spread in poorer areas, implications for by-elections and disaster finances.

Tax Justice SA: Mboweni’s budget a picnic for tax dodgers

2020-02-29 14:33

Tax Justice South Africa head, Yusuf Abramjee said Mboweni's hikes on alcohol and tobacco duties would enable “criminals in the dark economy” to raise their prices accordingly and profit even more than before instead honouring their tax obligations.

DA proposes bill to stabilise fiscus ahead of Mboweni’s Budget

2020-02-24 13:30

The Fiscal Responsibility Bill contains measures to try to contain national debt.

Powers of subpoena, search and seizure will boost auditing regulator's reach - CEO

2020-02-11 05:00

Bernard Agulhas, the head of auditing watchdog the Independent Regulatory Board for Auditors, says a draft amendment bill will make the auditing watchdog more efficient.

IMF wants South Africa to speed up reforms, urgently

2020-01-30 18:16

The IMF found that while South Africa had economic potential, risks to the economy, including weak growth and difficulties in the operations of state-owned enterprises, persisted, undermining potential.

New bill to help municipalities charge owners developing property

2020-01-08 20:07

National Treasury has released a new draft law that will standardise the fees municipalities charge for new property developments.

We don’t need to wait for NHI to improve healthcare - Mboweni

2019-11-28 05:00

Minister of Finance Tito Mboweni told the National Council of Provinces he did not believe that National Health Insurance should be considered as the only panacea to the challenges dogging the public healthcare system.

Budget: SARS gets R1bn to help with tax collection

2019-10-30 14:12

Persistent weak economic growth is widening from the rosier estimates projected in the 2019 Budget over the next three years.


Curb coronavirus spread, but economic bedlam awaits regardless, BLSA boss warns

2020-03-19 21:44

The CEO of Business Leadership SA warns that, even if the country successfully curbs the spread of the coronavirus, its economic impact is bound to be dire.

Treasury warns of coronavirus scammers targeting suppliers

2020-03-18 21:29

National Treasury warns that scammers are targeting businesses who supply to government by purporting to send out requests for quotations on coronavirus prevention equipment.

DA tables bill that aims to rein in debt, spending

2020-03-11 05:01

The bill puts obligations on the minister of finance to contain net loan debt within certain margins, ensure that a main budget surplus is in place and that compensation of employees does not expand to unmanageable levels.

4 big steps the DA thinks will save Mboweni’s Budget

2020-02-25 05:00

The Democratic Alliance's proposals ahead of Minister of Finance Tito Mboweni's Budget Speech include electricity reforms, legislation to stabilise debt, reduce spending and stabilise current expenses.

State companies cling to cash as financial challenges bite, Treasury warns

2020-02-23 15:09

National Treasury warned Parliament's Standing Committee on Appropriations on Tuesday morning that a number of state-owned entities were accumulating cash from departmental transfers as operational challenges hurt their revenue.

Ramaphosa authorises probe of SAA Airbus deal

2020-01-31 14:26

The president has instructed the Special Investigations Unit to probe a wide array of allegations of corruption, tender fraud and maladministration related to three state-owned entities.

Expect another VAT hike in next month's Budget, warns Absa

2020-01-24 18:10

A VAT hike of 1pp to 16% is expected ahead of the Budget Speech in February 2020.

SA can't afford not to implement Mboweni's economic plan, warns deputy minister

2019-12-02 13:50

Government has to implement National Treasury's economic blueprint if SA is to attract domestic and foreign investment, deputy finance minister David Masondo has said.

Some municipalities struggling to deliver services after VBS losses, AG warns

2019-11-07 13:16

Fourteen municipalities that deposited R1.6bn in the ill-fated VBS Mutual Bank were unlikely to ever recover their money, the auditor general says.

Postbank journey to bank status at an advanced stage, says minister

2019-10-24 21:05

Minister of Communications Stella Ndabeni-Abrahams says responsibility and control of Postbank has been transferred to the Postbank Board and management in line with section 6 of the South African Postbank Limited Act.

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