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SKA telescope will boost skills

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Pretoria - Hosting the Square Kilometre Array (SKA) telescope in South Africa will boost the development of high level skills and cutting edge technology infrastructure, says President Jacob Zuma.

Gordhan announces proposals on retirement reform

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Cape Town – In a bid to encourage South Africans to save more, the Minister of Finance Pravin Gordhan, has announced plans to introduce tax-preferred savings and investment accounts in 2015.

Announcement to be made on chief procurement head soon

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Cape Town – The process to set up a chief procurement office in the National Treasury has begun, the Minister of Finance Pravin Gordhan said today, adding that he expects to announce the name of the chief procurement officer soon.

State to spend R827bn on infrastructure

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Cape Town – Financing of R827 billion on infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place, the Minister of Finance Pravin Gordhan said today.

Gateway to Africa reforms extended to Brics nations

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Cape Town – Foreign companies that are based in South Africa and that are keen on investing in countries outside of Africa – including in Bric (Brazil, Russia, India and China) members, will be able to benefit from relaxed cross-border financial regulations and tax requirements, the Minister of Finance Pravin Gordhan announced today.

SA partners to rebuild Sudan

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Pretoria - South Africa and the Governments of Germany and Southern Sudan have entered into a tri-lateral partnership to train correctional services officers, judges and legal affairs personnel in Southern Sudan.

Classes start for supplementary writers

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Pretoria - With less than two weeks before the start of the supplementary exams, the Gauteng Department of Education is holding free preparatory classes.

Treasury probes contracts worth R8.4 billion

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The National Treasury is investigating 76 business entities with contracts worth R8.4 billion believed to have infringed procurement rules, Finance Minister Pravin Gordhan said.

Rise in alcohol, cigarette prices

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Cape Town – Smokers can expect to pay 60 cents more for a packet of cigarettes, while consumers will pay R1.08 more for a can of beer.

Health posts open in KZN

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Pretoria - Due to a shortage of health care workers in the province, the KwaZulu-Natal Department of Health has decided to "un-freeze" clinical posts in seven institutions and a component of head office.

Old age grant test to be scrapped

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Cape Town – The current means test for the old age grant will be phased out in order to simplify administration and prevent the exclusion of vulnerable individuals, Finance Minister Pravin Gordhan announced in the Budget Speech on Wednesday.

Cash boost for poor municipalities

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Cape Town – In a move that could change the face of local government, Finance Minister Pravin Gordhan has announced that a new formula for the local government equitable share will be introduced in the upcoming financial year.