Treasury crunching numbers in case zero VAT list widens revenue gap

2018-08-17 06:45

If there is a revenue gap caused by additional zero-rated VAT items, then Treasury will either have to adjust expenditure, or raise taxes in the mid-term budget, Parliament has heard.

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.

What happened at VBS Bank?

2018-07-01 07:36

The vultures were circling long before poor business practices impaired the bank, writes Sipho Masondo.

New Insurance Act to come into effect - Treasury

2018-06-26 18:06

The new Insurance Act of 2017 will come into effect on July 1, says Treasury.

Privatising SAA will require the wisdom of Solomon

2018-05-23 14:25

With the continued calls to privatise our national carrier, it may serve us to look at Air India’s weak turnaround attempt as an example of how difficult it could be.

Salaries at risk as VBS bank saga hits 15 councils

2018-05-13 05:52

Municipalities unlikely to recover millions in operating revenue from the doomed bank.

MPs fume over Dondo Mogajane's 'AWOL behaviour'

2018-05-09 12:50

Treasury Director-general Dondo Mogajane was a no-show at a briefing before the standing committee on public accounts.

Yunus Carrim calls on Treasury to 'come to the party' on VAT

2018-04-26 06:03

Treasury’s efforts to lessen the impact of the VAT hike on vulnerable households has come under fire, with civil society groups challenging the terms of reference for its newly-appointed panel.

Culture of non-payment threatens stability of municipal finances - Treasury

2018-03-09 07:03

Treasury is reviewing municipal borrowing policy and has flagged the culture of non-payment for service delivery as contributing to growing debt.

NHI could go same route as e-tolls, Davis Tax Committee warns

2017-11-13 21:30

The uncertainty around National Health Insurance is cause for concern, says the Davis Tax Committee, which emphasised the need for proper consultation before its implementation.


‘Cut VAT on bread, pads, nappies'

2018-08-12 06:00

Expert panel calls for zero VAT on several items, but stops short of a massive chicken-tax break to benefit the poor.

Govt considering laying off 30 000 public servants - report

2018-08-10 14:08

Government may lay off 30 000 public servants in an effort to cut costs, according to a report in the Mail & Guardian.

From expensive cars to exclusive restaurants, here's how millions were stolen from SA

2018-07-01 06:00

Several companies were paid advances worth millions to build houses, roads and schools in the Eastern Cape, but they delivered nothing.

Forensic probe into Treasury’s failed IT system to wrap up soon

2018-06-06 18:59

A forensic investigation into the failings of Treasury’s Integrated Financial Management System will be finalised in July, Parliament has heard.

Treasury blames weak political leadership, accountability for municipal debt woes

2018-05-16 13:53

Treasury’s Director- General Dondo Mogajane says that the weakness in most municipalities is linked to both political and administrative leadership.

State looks at ways to ease municipalities' R138bn debt burden

2018-05-12 09:00

Municipalities are owed more than R138bn by government departments, businesses and households, Parliament has heard.

SOEs must reduce their reliance on government guarantees - Treasury

2018-05-08 21:56

Treasury is working to reduce the reliance of state-owned enterprises on government guarantees, Parliament has heard.

Regulators poised to ease leverage limits for Wall Street banks

2018-04-12 19:09

US regulators are poised to ease leverage limits for Wall Street banks, potentially freeing up tens of billions of dollars

Ramaphosa's headaches

2018-03-04 05:52

Departments and SOEs determined to break spending rules, as Treasury blocks R15bn.

Minister’s moment of truth

2017-10-15 06:01

Finance minister’s medium-term budget will be his worst test yet, writes Justin Brown.

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