South Africa

Pretoria - The Free State Provincial Government will this year establish Education Development Committees in every town for the benefit of learners.

Cape Town - South Africa needs a new perspective on economic transformation, Finance Minister Pravin Gordhan said on Wednesday.

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.

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

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

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.

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.

Cape Town – National Treasury has announced that government is currently testing the idea of offering voluntary severance packages to civil servants as a push is made to contain the wage bill.

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.

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.

Cape Town – Finance Minister Pravin Gordhan says social grants will be increased by up to R90 as government provides a safety security net for the poor.

Cape Town – Finance Minister Pravin Gordhan has announced an increase in sin taxes for consumers of alcohol and tobacco.

Cape Town – Finance Minister Pravin Gordhan has proposed a new personal income tax bracket for those earning salaries of above R1.5 million.

Cape Town – Finance Minister Pravin Gordhan says a provision of R5 billion has been set aside to fund the higher education and training sector in 2019/20.

Cape Town – National Treasury says the idea of a graduate tax incentive is unlikely to raise enough monies to fund higher education.