Finance Minister will amend SARS Act once Nugent inquiry wraps up

2018-08-16 16:03

Amendments to the SARS Act will be delayed until next year, pending the outcomes of the Nugent Commission of Inquiry.

Expert panel recommends white bread, school uniforms be zero VAT rated

2018-08-10 15:24

National Treasury has released a VAT report on its website, after Minister of Finance Nhlanhla Nene granted an expert panel a one week extension.

We need more time for our report, VAT review panel tells Nene

2018-08-01 16:21

The panel set up to investigate the impact of the 1 percentage point VAT increase has asked Finance Minister Nhlanhla Nene for a short extension on the deadline to file its report.

Everything you need to know about the #Brics2018 Summit in SA

2018-07-23 06:55

The 10th annual Brics Leaders’ Summit will take place in Sandton, Johannesburg. Here's what you need to know about it.

Eskom wage talks: Unions want meeting with Nene, Gordhan

2018-07-11 09:02

Unions representing workers at Eskom have requested to meet with the finance minister and minister of public enterprises as wage negotiations have reached a critical stage.

UDM: Treasury must explain where government pension billions went

2018-07-05 17:55

UDM leader Bantu Holomisa has asked Finance Minister Nhlanhla Nene to explain an allegedly improper relationship between the Public Investment Corporation and companies linked to its former employees - involving over R8bn of state employees' retirement funds.

Nene: No mission more important than restoring SARS' credibility

2018-07-02 13:35

Government is working to stabilise SARS, restore its credibility and strengthen its capacity to collect R1.345trn revenue for 2018, Finance Minister Nhlanhla Nene has said.

Banking body says members willing to help out stressed state-owned enterprises

2018-06-25 17:40

The Banking Association of South Africa has said its members are willing to help out state-owned enterprises such as Eskom and Transnet with "expertise and resources" following a meeting with ministers.

The ANC created Zuma and the ANC will have to deal with him

2018-06-13 06:00

Perhaps, for its own sake and that of the country, the ANC should be electorally quarantined and made to 'walk the wilderness' while it sorts out its internal affairs and finds its soul again, writes Solly Moeng.

UDM ultimatum to Nene: Suspend PIC CEO Dan Matjila or else

2018-05-29 12:51

The United Democratic Movement has given Finance Minister Nhlanhla Nene until Thursday to suspend Public Investment Corporation CEO Dr Dan Matjila, pending an investigation, or face legal action.


SARB slaps small businesses with R9.8m forfeiture notices

2018-08-10 21:30

The SA Reserve Bank has signed off on orders of forfeiture to take a combined R9.8m from the bank accounts of six businesses, which will go into the National Revenue Fund.

Nene cracks down on unqualified finance and supply chain officials

2018-08-08 20:25

In a bid to speed up the pace at which local government officials are getting qualified to do their jobs, Finance Minister Nhlanhla Nene has announced a new, shorter time limit for them to do so.

National Treasury announces independent inquiry into PIC

2018-07-25 16:01

Finance Minister Nhlanhla Nene informed the Public Investment Corporation’s board of directors of an independent inquiry the PIC’s “governance issues”.

VAT hike 'constitutionally suspect' - SA Human Rights Commission

2018-07-12 23:34

In its latest Equality Report the SAHRC describes April's VAT hike as a regressive tax that impacts the poor the hardest.

VAT, fuel price hikes: Ramaphosa gives ministers 2 weeks for plan to ease consumer pain

2018-07-06 12:28

Government will in two weeks’ time announce a package of economic measures to cushion the public from the crippling effects of high fuel price hikes and the VAT increase.

PIC to exit investment in Independent Media

2018-07-04 19:23

The Public Investment Corporation (PIC) has begun the process of withdrawing its investment in Independent News and Media, Finance Minister Nhlanhla Nene has said.

Nene warns Eskom a 'threat' to SA's investment strategy

2018-06-28 14:25

Cash-strapped power utility Eskom is 'a threat' to the nation’s investment strategy, Finance Minister Nhlanhla Nene has said.

To eliminate the legacies of apartheid, we must fix municipalities - Nene

2018-06-14 22:00

Investment by municipalities in the building and maintenance of infrastructure can contribute to faster economic growth, says Finance Minister Nhlanhla Nene.

Hellish week for PIC's Dan Matjila

2018-06-03 06:07

Public Investment Corporation CEO Dan Matjila is likely facing a week from hell with the United Democratic Movement headed to court to force his suspension and Parliament gazetting a bill that decentralises his power.

State's procurement pot must be guarded jealously – Finance Minister

2018-05-22 16:44

Government sorely needs to improve how it procures goods and services, Finance Minister Nhlanhla Nene has told Parliament.

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