South Africa

Deputy President Cyril Ramaphosa has refuted claims by the Business Day newspaper which states that he has shares in the Shanduka Trust.

Telecommunication and Postal Services Minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall.

The Gauteng Department of Roads and Transport has invested more than R30 billion in the past three years on public infrastructure projects.

2017 Medium Term Budget Policy Statement

Home Affairs Minister Ayanda Dlodlo has welcomed the outcome of the North Gauteng High Court judgment, which set aside the suspension of Director General Mkuseli Apleni.

Government’s Mandate Paper proposes to cut programmes that are not aligned to the National Development Plan (NDP) to strengthen the alignment of the national budget.

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.