South Africa

Cape Town – National Council of Provinces Chairperson, Thandi Modise, says the events that unfolded in the Parliamentary precinct on Wednesday were "regrettable".

Pretoria - National Treasury has revised downwards South Africa’s economic growth to 1.5%.

Pretoria – State-owned companies continue to roll out infrastructure, National Treasury’s 2015 Medium Term Budget Policy Statement (MTBPS) has shown.

Pretoria - At least R200 million has been set aside for the preparatory work of including nuclear energy in the country’s energy mix, Finance Minister Nhlanhla Nene said.

Pretoria - While there is little room for new spending priorities over the next three years, government has proposed to allocate additional resources to core areas of need.

Cape Town – Government is developing a capital budget framework with the aim of improving its project management skills, planning and capacity shortfalls within the public sector, the National Treasury said on Wednesday.

Pretoria - While challenges remain, the lives of many South Africans have continued to improve, said the National Treasury on Wednesday.

Cape Town – Finance Minister Nhlanhla Nene says National Treasury has increased social grants by R10 to bring it in line with long-term inflation.

Cape Town – Government has allocated billions of rands towards programmes that will support businesses, competitiveness and skills and development.

Cape Town - Finance Minister Nhlanhla Nene says over the next three years, the division of revenue across the various spheres of government will be biased to strengthening front service staff.

Cape Town – Finance Minister Nhlanhla Nene says cost containment measures that government announced in 2013 have led to a reduction in government consumption.

Cape Town – In a bid to improve spending on goods and services, government will roll out public procurement reforms over the next three years.

Cape Town – Despite a projected slow economic growth, the National Treasury has proposed an increase in spending in the long term to sustain debt levels when the economy goes through turbulent times.

Cape Town – Considerations are being made in the tax space to look at how government can raise revenue from Corporate Income Tax as well as Value Added Tax (VAT) receipts, the National Treasury said on Wednesday.

Cape Town – Finance Minister Nhlanhla Nene says the public sector wage bill settlement has put additional pressure on the fiscus which will warrant revenue measures to be implemented.