South Africa

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.

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.