South Africa

Cape Town – Members of Parliament have responded to Finance Minister Nhlanhla Nene’s inaugural Medium Term Budget Policy Statement (MTBPS), which he tabled in Parliament on Wednesday.

2014 Medium Term Budget Policy Statement Speech

Cape Town – The National Treasury has proposed increasing its spending over the next three years on initiatives that will boost job creation, education and skills development.

Pretoria - The National Youth Development Agency (NYDA) has invited young matriculants to apply for scholarships.

Cape Town - Government has proposed a new framework for funding state-owned companies, which will include closer monitoring of such entities.

Cape Town - Government has proposed a series of measures to narrow the country’s budget deficit from 4.1% this year to 2.5% over the next three years.

Cape Town – National Treasury says it expects African Bank to be relisted early next year as it is already showing signs of stability.

Cape Town - Efforts to combat corruption will continue, National Treasury said on Wednesday.

Cape Town – Finance Minister Nhlanhla Nene says there are early indications that government’s Employment Tax Incentive, which was introduced earlier this year, is attracting buy-in from employers.

Cape Town – Finance Minister Nhlanhla Nene says the National Treasury has had to make several adjustments to the budget of national departments to cater for unavoidable spending needs.

Cape Town – South African consumers can breathe a sigh of relief as the cost of living is likely to drop to moderate levels.

Cape Town – Finance Minister Nhlanhla Nene says major structural shifts to the economy are being implemented in order to accelerate growth.

Cape Town – Finance Minister Nhlanhla Nene has projected South Africa’s economy to grow by 1.4% this year, which is a downward revision from 2.7%.

Cape Town – South Africa’s current account deficit has increased to a range of about 5.5% of the Gross Domestic Product (GDP) over the past two years.

Pretoria – The Department of Water and Sanitation says the planned outage on the Usutu water pipeline, which started on Monday, is being well managed.