Cape Town – MPs welcomed new cost-cutting measures announced by Finance Minister Pravin Gordhan today, which will affect ministers, MECs and executives in municipalities aimed at reducing wasteful expenditure.
Medium Term Budget Policy Statement 2013 - Speech by Pravin Gordhan Minister of Finance
Pretoria - South Africa and Niger have recommitted to strengthening bilateral relations between the two countries, as well as working together to promote peace and stability in Africa.
Cape Town – Finance Minister Pravin Gordhan has taken a tough stance to bring about fiscal stability by announcing wide-ranging cost cutting measures that seek to curb wasteful spending and restore confidence in the local economy.
Cape Town – Government has channelled additional funding into the transport, communications and energy sectors in a bid to implement SA’s priority projects.
Cape Town – The National Development Plan (NDP) is expected to off-set job creation to desired targets over the next three years, Finance Minister Pravin Gordhan said on Wednesday.
Cape Town - Finance Minister Pravin Gordhan says the country’s economy is expected to grow by 1.4% to 3.5% over the next three years.
Cape Town – Government has allocated an additional R239 million to municipalities, provinces and national departments to help repair infrastructure damaged after widespread flooding last year and earlier this year, the Minister of Finance Pravin Gordhan has announced.
Cape Town – The Minister of Finance, Pravin Gordhan, said today that South Africa’s debt-to-GDP ratio remains sustainable, despite having risen from 23% of Gross Domestic Product in 2007/8 to 39.3% of GDP in 2013/14.
Cape Town – Indirect grants to provinces and municipalities are projected to increase by 70% over the next three years – from R8.4 billion in the current financial year to R14.3 billion in 2016/17, the Minister of Finance Pravin Gorhan said today.
Cape Town – Public servants will no longer be allowed to use government-issued credit cards, while departments will have to put in place a plan to reduce their use of consultants – as part of a number of cost-cutting measures the government aims to introduce to reduce wasteful expenditure.
Cape Town – The Minister of Finance Pravin Gordhan says despite the tougher economic climate, tax revenue collection has demonstrated resilience, with expected gross tax revenue only being revised down by R3 billion to R895 billion.
Cape Town – Public sector wage increases have begun to align more closely with inflation, following the conclusion of occupation-specific wage dispensations and the three-year wage settlement reached in 2011, the Minister of Finance Pravin Gordhan said on Wednesday.
Pretoria - The Consumer Price Index (CPI) eased to 6% in September, Statistics South Africa (Stats SA) said on Wednesday.
Pretoria - South Africa and China’s bilateral relations will be further strengthened next week, when the two countries get together for the 5th Bi-National Commission (BNC).
