SAA to receive R4.8 billion cash injection
The national carrier, South African Airways, will receive a further R4.8 billion government guarantee by March next year.
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Inflation to average 5.4% in 2017
South Africa’s inflation is expected to average 5.4% in 2017, stated the Medium Term Budget Policy Statement (MTBPS).
Growth projection revised down to 0.7%
Finance Minister Malusi Gigaba says National Treasury has revised economic growth projections downwards to 0.7% for 2017.
Presidential Task Team to stabilise rising national debt
A team of Cabinet Ministers has been brought together to come up with solutions aimed at stabilising debt over the next three years, the National Treasury said on Wednesday.
Government proposes changes to conditional grants
Government on Wednesday announced proposed changes to health conditional grants over the Medium–Term Expenditure Framework (MTEF).
Difficult times ahead as budget deficit widens to 4.3%
Government’s consolidated budget deficit is set to widen to 4.3% this year, the National Treasury said on Wednesday.
Government to dispose of its Telkom shares
Finance Minister Malusi Gigaba has announced that government will dispose of its Telkom shares in order to cover a shortfall of R3.9 billion.
Anti-competitive firms to be restricted from state procurement
The Office of the Chief Procurement Officer will extend its fight against fraud and corruption to cover the private sector, Finance Minister Malusi Gigaba said on Wednesday.
Higher education still a big part of SA’s transformation agenda
Higher education will continue to be placed at the centre of government’s transformation agenda, Finance Minister Malusi Gigaba said on Wednesday.
Minister in talks with SARS over delay in tax refunds
Finance Minister Malusi Gigaba says he is in talks with the South African Revenue Service (SARS) Commissioner Tom Moyane over concerns about tax refund delays that were forwarded to the Tax Ombudsman.
NSA congratulates newly appointed CGE chairperson
The National Skills Authority (NSA) has congratulated Lulama Nare on her appointment as the chairperson of the Commission for Gender Equality (CGE).
Expenditure ceiling to be breached by R3.9 billion
Government spending is expected to breach the expenditure ceiling by R3.9 billion this year, National Treasury said on Wednesday.
SA, Russia seek sustainable growth for platinum sector
Mineral Resources Minister Mosebenzi Zwane has called on South Africa and Russia to work together to look at ways of ensuring demand sustainability in the platinum group metals industry in the face of falling commodity prices.
Minister wishes learners well in their exams
Learners at Diepdale High School, in Diepkloof Zone 2, were in for a surprise this morning when they were greeted by Basic Education Minister Angie Motshekga at the assembly point.
Gauteng Health back pays Community Health Workers
The Gauteng Health Department has settled salaries worth over R7 million to more than 1000 Community Health Workers (CHW) in back payments.