South Africa

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).

Pretoria - The Medical Supply Depot (MSD) has launched Operation Vulindlela to improve the payment of suppliers and delivery of medicines to Gauteng Public Health Services.

The news of Minister of Social Development, Ms Bathabile Dlamini distributing food parcels to distressed communities in North West was not well received. She was accused of campaigning, while implementing a long standing government programme to assist distressed communities out of poverty.

Pretoria - Over 3 000 youth have been trained by the Department of Correctional Services (DCS) in the last two years.

Pretoria - South Africa needs technologies that can be supported and maintained locally, says Public Service and Administration Minister Lindiwe Sisulu.

Pretoria - Three foreign nationals have been arrested in Johannesburg for allegedly being implicated in marriages of convenience.

Cape Town – All eyes will be on Finance Minister Pravin Gordhan and his briefcase, when he walks into Parliament to table his last Medium Term Budget Policy Statement of the current administration, before Parliament, today.