Mboweni's exceptional business tax measures to combat coronavirus impact

2020-03-29 16:34

Minister of Finance Tito Mboweni has announced a number of "exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa to fight the coronavirus pandemic.

You’ll soon pay 13c more for every plastic bag – with proposals to tax all single-use plastic and straws

2020-02-26 14:30

National Treasury is considering a tax on all single-use plastics, including straws.

Moody’s downgrade unlikely a disaster

2019-12-05 09:02

The expected Moody’s downgrade of SA is unlikely to be disastrous, as markets have already priced in the event and local bonds will remain attractive to investors. Longer term, the outlook is still very worrying.

Mboweni on wage bill: Whether Faith Muthambi likes it or not, she was part of creating the problem

2019-10-31 14:23

The war of words between Finance Minister Tito Mboweni and former minister of public service and administration Faith Muthambi continued at a parliamentary briefing on Thursday.

Timing of Mboweni's economic reform plan has nothing to do with Moody's - Treasury DG

2019-08-29 05:25

Treasury Director General Dondo Mogajane says that an reformist economic policy paper released on Tuesday by National Treasury is a discussion paper and not government policy yet.

Treasury worried about NHI funds not being used as planned, MPs hear

2019-08-27 12:44

So far only R200m has been spent on the National Health Insurance programme, or 9.5% of the R2.1bn budgeted for the full 2019/20 financial year, according to Treasury.

France is Trump's new target as he broadens the scope of his global trade war once again

2019-07-18 09:11

US Treasury Secretary Steven Mnuchin will oppose France's proposed 3% tax on the revenues of tech firms like Facebook, Amazon, and Google.

Nothing to see here, folks: Mboweni and Kganyago hold 'routine' meeting

2019-07-04 18:37

The finance minister and Reserve Bank governor have issued a joint statement confirming their respective roles.

SA budget deficit seen wider than Treasury forecasts

2019-05-01 10:33

South Africa’s budget deficit for the most recent fiscal year could be worse than the government had forecast.


Mboweni puts SA’s economy first, Moody’s second

2020-02-27 11:15

Finance minister Tito Mboweni announced R2bn in income tax relief to South Africans and plans to slash R160bn off the state’s wage bill over three years.

Eskom, Treasury seek renewal of R15bn loan facility

2020-01-23 08:28

Eskom and Treasury are in talks with banks to renew a R15bn government-guaranteed loan facility that the indebted state power utility announced in February last year.

Eskom debt relief report expected by year-end, MPs hear

2019-11-20 12:52

Eskom has a group debt burden of around R440bn.

Treasury defends its new growth plan after attack from Telkom CEO

2019-09-02 19:55

Acting head of economic policy Duncan Pieterse says public commentary is crucial to the process.

A new plan says government intervention can make data 25% cheaper within three years – here’s why that is quite optimistic

2019-08-29 09:13

Mobile operators have long blamed the lack of spectrum for high data prices.

'We can't be Father Christmas' to ailing Eskom – Treasury DG

2019-08-28 13:25

Treasury has stressed the importance of Eskom facing its financial challenges head-on and possibly introducing salary cuts to executives to aid a turnaround.

Facebook was just slapped with a record-setting R69 billion fine for mishandling user data, but those users won't see a penny. Here's where that money goes.

2019-07-25 13:45

Facebook's record-setting $5 billion fine from the Federal Trade Commission is going straight to the US Treasury Department.

Eskom to get acting chief executive after Hadebe steps down

2019-07-05 19:56

South Africa’s struggling state-owned power utility will name an acting chief executive officer when incumbent Phakamani Hadebe steps down at the end of the month, according to a person familiar with the decision.

Treasury authorised R17bn emergency funding for Eskom in April

2019-07-03 21:54

Finance Minister Tito Mboweni authorised a R17.6bn allocation to Eskom in April as the struggling power utility faced difficulty in servicing its debts, members of Parliament have heard.

Treasury: We have not introduced austerity measures

2019-03-01 16:49

While the fastest-growing area of spending is debt servicing costs, spend on community development, learning culture, social development and health are still above inflation.

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