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Mini-budget welcomed

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Pretoria - Finance Minister Pravin Gordhan's Medium Term Budget Policy Statement (MTBPS) has been welcomed by business, as it shows a commitment to the stabilisation of government spending.

More units of Abalone confiscated

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Pretoria - A man and a woman were arrested on the N2 near Grabouw in the Western Cape on Thursday night following a tip-off from a community member.

MPs welcome Gordhan's measures to contain debt

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Cape Town - MPs have welcomed the Minister of Finance Pravin Gordhan's measures to clamp down on public debt, following his tabling of the Medium Term Budget Policy Statement in the National Assembly today.

Dti encourages China to invest in SA

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Pretoria - Trade and Industry Director General Lionel October on Thursday encouraged Chinese companies to invest in South Africa.

SARS to introduce mechanism to reduce tax clearance fraud

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Pretoria - Finance Minister Pravin Gordhan has announced that in a bid to reduce corruption in the tax clearance request process, the South African Revenue Service (SARS) has developed an electronic mechanism for taxpayers to provide real time, up-to-date and continuous tax status to interested parties.

Three unions, three mines sign pay agreement

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Pretoria - The Chamber of Mines, representing AngloGold Ashanti, Gold Fields and Harmony, and the National Union of Mine Workers, Solidarity and UASA have signed a wage agreement on Thursday.

Municipalities to take over housing, public transport

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Cape Town - Building new low-cost houses and rolling out public transport would be devolved to municipalities and greater technical support will be provided in rural areas, the Minister of Finance Pravin Gordhan said on Thursday.

Gordhan proposes measures to help state spend smarter

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Cape Town - The Minister of Finance Pravin Gordhan today detailed several initiatives to reign in the widening deficit and improve the impact of spending by, among other things, investing the balance of resource allocation in new infrastructure.

R461.1m Afcon spending was 'cut to bone'

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Cape Town - The National Treasury has allocated an extra R461.1 million for South Africa's hosting of the 2013 Africa Cup of Nations (Afcon) soccer tournament, but no spending will go towards "extravagances", says Deputy Minister of Finance Nhlanhla Nene.

Marikana has dented confidence in SA

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Cape Town - The Marikana shooting in August and the industrial action which has followed in its wake, have dented confidence and lowered growth prospects for the remainder of the year, the Minister of Finance Pravin Gordhan said.

Depts must seek greater value for money - Gordhan

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Cape Town - Departments will have to consolidate programmes and activities, and seek greater value for money from what is available in the Fiscus, the Minister of Finance Pravin Gordhan said today.