South Africa

Pretoria - State owned entities (SOEs) will invest about R360 billion over the next three years, Finance Minister Nhlanhla Nene said on Wednesday.

Pretoria - It will cost more to tip the bottle or to light up a cigarette, following the tabling of the 2015 National Budget.

Pretoria - Over R600 billion will be allocated to basic education over the course of the next three years, Finance Minister Nhlanhla Nene said on Wednesday.

Pretoria- Expenditure on health and social protection is set to grow steadily, Finance Minister Nhlanhla Nene said on Wednesday.

Pretoria - Government is to take steps to strengthen budget controls over the medium term, Finance Minister Nhlanhla Nene said on Wednesday.

Cape Town – Finance Minister Nhlanhla Nene has projected South Africa’s economy to grow by 2% in 2015, a downward revision from October’s mini budget.

Cape Town – Incentives and other economic interventions have collectively led to the creation of more than a million jobs in the past year, the National Treasury said on Wednesday.

Cape Town – Finance Minister Nhlanhla Nene has appointed an advisory committee to attend to governance matters at the South African Revenue Service (SARS).

Cape Town – The National Treasury has projected the consumer price inflation to drop to 4.3% in 2015.

Cape Town – While the tax proposals regime announced in the 2015 National Budget signalled difficult times ahead, Finance Minister Nhlanhla Nene also announced new tax breaks that would ease the burden on the already strained working and middle class income earners.

Cape Town – Finance Minister Nhlanhla Nene says government will reduce spending by R25 billion in the 2015/16 and 2016/17 financial year, in a bid to narrow the budget deficit.

Cape Town – Taxpayers should expect to pay a percentage point more from their personal income tax for government to raise an extra R12 billion this year and another R15 billion next year, the National Treasury said on Wednesday.

Pretoria - Free State Premier Ace Magashule says the province’s job creation prospects are looking up, with 51 020 work opportunities created as at the end of January this year through the Expanded Public Works Programme (EPWP).

Pretoria – The chairperson of the Joint Standing Committee on Intelligence (JSCI), Cornelia September, has expressed concern about claims of leaked intelligence reports allegedly prepared by or on behalf of South African intelligence agencies.

Pretoria - The Eastern Cape Department of Human Settlements has received an additional R233 million to help increase productivity on its housing projects.