South Africa

Government is ready to establish a state bank, Finance Minister Tito Mboweni said on Wednesday.

Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.

Tabling a very difficult budget, accompanied by a revenue shortfall amid low growth, Finance Minister Tito Mboweni said government needed to implement reforms and clean house to set the country on a path of recovery.

Government has set aside R16.4 billion to repay guaranteed debt for the struggling airline SAA, the National Treasury said on Wednesday.

From next month, consumers buying property valued at less than R1 million will no longer be required to pay transfer duties, the National Treasury announced on Wednesday.

South Africa’s economy is expected to grow by 0.9% in 2020, National Treasury said on Wednesday.

Despite a tough economic climate and a revenue shortfall of R63 billion, Finance Minister Tito Mboweni has announced tax measures that will give consumers some room to breathe.

The public broadcaster, the SABC, is expected to get the remaining R1.1 billion of its R3.2 billion bailout by the end of next month, the National Treasury said on Wednesday.

The Hawks are investigating multiple instances of tampering at a Transnet fuel pipeline on the road to Koppies Dam in Bloemfontein.

The Department of Trade and Industry (dti) is planning to take up equity in the country’s Special Economic Zones (SEZs), says Trade and Industry Deputy Minister Fikile Majola.

A raft of tax increases and curtailing the public sector wage bill are just some of the interventions anticipated to be announced by Finance Minister Tito Mboweni when he delivers the 2020 Budget.

The Mpumalanga provincial government will commence with the construction of seven new schools in five fast-growing towns.

The Gauteng Provincial Government will in the next five years spend R60 billion on building and maintaining infrastructure, which will contribute to the creation of an additional 100 000 jobs, and facilitate the development of 50 black industrialists.

The gender gap in attendance of a tertiary educational institution has narrowed from 8.4 percentage points in 2002 to 4.8 percentage points in 2018, with females outpacing men during that period.

Eastern Cape Premier Oscar Mabuyane has unveiled a series of catalytic projects worth billions of rand as the province accelerates investment attracting and job creation efforts.