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Gordhan allocates extra R239m to repair flood damage

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Cape Town – Government has allocated an additional R239 million to municipalities, provinces and national departments to help repair infrastructure damaged after widespread flooding last year and earlier this year, the Minister of Finance Pravin Gordhan has announced.

SA's debt is at sustainable levels – Gordhan

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Cape Town – The Minister of Finance, Pravin Gordhan, said today that South Africa’s debt-to-GDP ratio remains sustainable, despite having risen from 23% of Gross Domestic Product in 2007/8 to 39.3% of GDP in 2013/14.

Indirect grants to provinces, municipalities to grow by 70%

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Cape Town – Indirect grants to provinces and municipalities are projected to increase by 70% over the next three years – from R8.4 billion in the current financial year to R14.3 billion in 2016/17, the Minister of Finance Pravin Gorhan said today.

Radical cost-cutting measures set for government

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Cape Town – Public servants will no longer be allowed to use government-issued credit cards, while departments will have to put in place a plan to reduce their use of consultants – as part of a number of cost-cutting measures the government aims to introduce to reduce wasteful expenditure.

Tax revenue remains resilient - Gordhan

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Cape Town – The Minister of Finance Pravin Gordhan says despite the tougher economic climate, tax revenue collection has demonstrated resilience, with expected gross tax revenue only being revised down by R3 billion to R895 billion.

State wage bill is stabilising – Gordhan

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Cape Town – Public sector wage increases have begun to align more closely with inflation, following the conclusion of occupation-specific wage dispensations and the three-year wage settlement reached in 2011, the Minister of Finance Pravin Gordhan said on Wednesday.

CPI slows in September

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Pretoria - The Consumer Price Index (CPI) eased to 6% in September, Statistics South Africa (Stats SA) said on Wednesday.

SA, China BNC to push for stronger ties

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Pretoria - South Africa and China’s bilateral relations will be further strengthened next week, when the two countries get together for the 5th Bi-National Commission (BNC).

Join hands to end child hunger

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The news of Minister of Social Development, Ms Bathabile Dlamini distributing food parcels to distressed communities in North West was not well received. She was accused of campaigning, while implementing a long standing government programme to assist distressed communities out of poverty.

All eyes on Gordhan's mini budget announcement

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Cape Town – All eyes will be on Finance Minister Pravin Gordhan and his briefcase, when he walks into Parliament to table his last Medium Term Budget Policy Statement of the current administration, before Parliament, today.

Ngcobo placed on special leave

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Pretoria - Acting Crime Intelligence boss, Chris Ngcobo, has been put on special leave pending discrepancies in his qualifications, National Police Commissioner Riah Phiyega said on Tuesday.