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South Africa

Ministers welcome inclusive budget

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Cape Town – Economic Development Minister Ebrahim Patel says the 2017 Budget, tabled by Finance Minister Pravin Gordhan on Wednesday, is focussed on providing opportunities for those that are not part of the mainstream economy.

Game changers to improve municipalities

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Cape Town - With municipalities continuing work to improve themselves, new conditional grants and so called “game changers” will be introduced, National Treasury said on Wednesday.

Spending on non-essentials continues to improve

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Provinces continue to make progress in implementing cost containment measures announced by government in 2013 with spending on non-essential goods trend expected to continue.

Government borrowing increases

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Cape Town - Government’s gross borrowing requirement is expected to reach R243.3 billion in 2016/17, National Treasury said on Wednesday.

2017 Budget Speech

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I have the privilege to present our Government’s budget for the fiscal year 2017/18, and the framework for the next three years.

2017 Budget puts focus back on SOCs

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Cape Town - Finance Minister Pravin Gordhan on Wednesday reemphasised the important role that State-owned companies play, saying their governance must be sound as government has high expectations of them.

Debt to stabilise at 48% to GDP

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Cape Town – Finance Minister Pravin Gordhan says government will stabilise debt at about 48% of the Gross Domestic Product (GDP), which is in line with its fiscal consolidation commitment.

Budget spending areas at a glance

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Cape Town – Finance Minister Pravin Gordhan has announced a number of spending areas that are aimed at boosting economic activity and growth across different sectors of the economy.

Good news for affordable housing market

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Cape Town – As Finance Minister Pravin Gordhan tabled what appeared to be a pro-poor budget, he has announced that relief will be given to the affordable housing market.