South Africa

Government will appoint a new board for power utility Eskom, Finance Minister Malusi Gigaba said on Wednesday.

Finance Minister Malusi Gigaba says he will soon release regulations aimed at implementing the Twin Peaks System for public comment.

The national carrier, South African Airways, will receive a further R4.8 billion government guarantee by March next year.

South Africa’s inflation is expected to average 5.4% in 2017, stated the Medium Term Budget Policy Statement (MTBPS).

Finance Minister Malusi Gigaba says National Treasury has revised economic growth projections downwards to 0.7% for 2017.

A team of Cabinet Ministers has been brought together to come up with solutions aimed at stabilising debt over the next three years, the National Treasury said on Wednesday.

Government on Wednesday announced proposed changes to health conditional grants over the Medium–Term Expenditure Framework (MTEF).

Government’s consolidated budget deficit is set to widen to 4.3% this year, the National Treasury said on Wednesday.

Finance Minister Malusi Gigaba has announced that government will dispose of its Telkom shares in order to cover a shortfall of R3.9 billion.

The Office of the Chief Procurement Officer will extend its fight against fraud and corruption to cover the private sector, Finance Minister Malusi Gigaba said on Wednesday.

Higher education will continue to be placed at the centre of government’s transformation agenda, Finance Minister Malusi Gigaba said on Wednesday.

Finance Minister Malusi Gigaba says he is in talks with the South African Revenue Service (SARS) Commissioner Tom Moyane over concerns about tax refund delays that were forwarded to the Tax Ombudsman.

The National Skills Authority (NSA) has congratulated Lulama Nare on her appointment as the chairperson of the Commission for Gender Equality (CGE).

Government spending is expected to breach the expenditure ceiling by R3.9 billion this year, National Treasury said on Wednesday.

Mineral Resources Minister Mosebenzi Zwane has called on South Africa and Russia to work together to look at ways of ensuring demand sustainability in the platinum group metals industry in the face of falling commodity prices.