South Africa

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.

Cape Town - Finance Minister Nhlanhla Nene today tabled the 2014 Medium Term Budget Policy Statement (MTBPS) which signals a shift in the country’s fiscal policy.

Pretoria – President Jacob Zuma has extended good wishes to the Hindu, Tamil, Gujerati and other communities who celebrate Diwali or Deepavali, as it is also known.

Pretoria – North West Premier Supra Mahumapelo has handed over bulls to livestock farmers in the Ngaka Modiri Molema District as part of that province’s Sire Subsidy Scheme.

Pretoria - All unoccupied and vandalised low-cost (RDP) houses will soon be repaired, completed and handed over to homeless and approved beneficiaries in Winterveldt.

Pretoria - The outbreak of the bird flu virus, commonly known as avian influenza, in the past few years has cost the country about R4 billion, says Agriculture, Forestry and Fisheries Minister Senzeni Zokwana.