South Africa

Treasury reprioritises funding allocations

672 Views
28 Oct 2020

The severe impact of the Coronavirus pandemic on the economy has forced the National Treasury to embark on extensive fund allocation manoeuvring, in a bid to soften the blow of the pandemic on the most vulnerable.

Treasury to propose three-year wage freeze

1047 Views
28 Oct 2020

In an effort to stabilise the spiraling public sector wage bill, Finance Minister Tito Mboweni has announced that National Treasury will propose a three-year wage freeze.

VAT, PAYE collection to be bolstered to improve revenue

570 Views
28 Oct 2020

Improved tax collection and administration continues to be an important element in achieving fiscal consolidation, the National Treasury said on Wednesday.

Tax revenue revised down by R8.7bn

627 Views
28 Oct 2020

The gross tax revenue estimate for 2020/21 has been revised down by R8.7 billion compared with the projection in the June Special Adjustments Budget, National Treasury said on Wednesday.

National Treasury looks at public sector wage bill to stabilise debt

379 Views
28 Oct 2020

Stabilising government’s debt will come with difficult decisions, and the public sector wage bill is the main area where government will impose reductions aimed at returning public finances to a stable position.

SA’s economy to contract by 7.8% this year

525 Views
28 Oct 2020

As a result of the devastating impact of the Coronavirus pandemic, South Africa’s economy is expected to contract by 7.8 % this year in real terms.

Inflation forecast to fluctuate around 4.5%

362 Views
28 Oct 2020

Headline inflation is expected to fluctuate at the lower end of the 3 to 6% target range, the National Treasury said on Wednesday.

Technical team to fast-track implementation of priority reforms

388 Views
28 Oct 2020

A team of full-time staffers will be appointed to oversee initiatives aimed at ensuring that the economic recovery plan and a number of priority reforms are implemented.

CoughWatchSA to assist in early detection of COVID-19

556 Views
28 Oct 2020

The National Institute for Communicable Diseases (NICD) is set to launch CoughWatchSA - a mobile application aimed at assisting with the early detection of the second wave of COVID19 cases or the beginning of the influenza season.

Mthethwa holds "constructive" meeting with CSA

409 Views
28 Oct 2020

Sport, Arts and Culture Minister Nathi Mthethwa says he has received a formal report confirming the resignation of the entire board of Cricket South Africa (CSA) on Monday.

Government looking to establish additional commercial crimes courts

567 Views
28 Oct 2020

President Cyril Ramaphosa says government is looking at establishing additional Special Commercial Crimes Courts in several cities, given the rise in commercial crimes and COVID-19 procurement corruption.

President dispels rumours of SA moving to lockdown level 3

834 Views
28 Oct 2020

President Cyril Ramaphosa has told Members of Parliament during a question and answer session that rumours of an imminent move to lockdown alert level three this week are not true.

Plan to have GBV one-stop centres in all hotspots

487 Views
28 Oct 2020

President Cyril Ramaphosa says government is working towards ensuring that there is a model, gender-based violence one-stop centre in all areas that have been identified as hotspots.

R900 million to combat rail theft, vandalism

521 Views
28 Oct 2020

President Cyril Ramaphosa says R900 million is to be spent to fund a PRASA Security Plan to combat theft and vandalism.

Fisheries sustainability top agenda at WTO meeting

531 Views
28 Oct 2020

Trade, Industry and Competition Minister, Ebrahim Patel, has called for the disciplining of subsidies targeted at large-scale industrial fishing, while safeguarding food security and livelihoods for subsistence and artisanal fisheries.

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