South Africa

Government will spend R57 billion on free higher education over the next three years, Finance Minister Malusi Gigaba said on Wednesday.

Government will build a social compact with business and labour to strengthen the recovery of South Africa’s economy.

North West Premier Supra Mahumapelo has instituted forensic investigations into the allegations that the Health Department procured ambulances without following the correct procurement procedures.

The National Health Insurance (NHI) has been allocated an additional R4.2 billion which will be funded through an amendment to the medical tax credit, Finance Minister Malusi Gigaba said on Wednesday.

With an improved economic outlook, South Africa’s Gross Domestic Product (GDP) is projected to come in at 1% in 2018, up from the 0.7% projected last year, Finance Minister Malusi Gigaba said on Wednesday.

Government will continue to support local companies to grow through a range of incentive packages, Finance Minister Malusi Gigaba said on Wednesday.

National Treasury will issue a directive to all government departments and public institutions instructing them to pay suppliers within 30 days, Finance Minister Malusi Gigaba said on Wednesday.

Government has made additional allocations to Statistics South Africa (Stats SA) to finance the 2021 Census.

Finance Minister Malusi Gigaba says social grants will be increase by above inflation rates.

Finance Minister Malusi Gigaba says R6 billion has been allocated towards drought relief and to augment public infrastructure investment.

Finance Minister Malusi Gigaba’s Budget Speech has seen him make “difficult decisions” to address a revenue shortfall and to fund free higher education.

Finance Minister Malusi Gigaba says government expects the budget deficit to narrow to 3.5% over the next three years.

Finance Minister Malusi Gigaba has announced an increase on excise duties that will leave smokers and drinkers with a hangover.

Households who consume finer items of the food basket like rye and low GI bread will from 1 April need to dig deeper into their pockets.

Finance Minister Malusi Gigaba said the National Treasury, in close cooperation with the Reserve Bank, the Financial Intelligence Centre and the South African Revenue Service, is taking several steps to detect, disrupt and deter illicit financial flows.