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Medium-Term Budget Policy Statement delivered

Pravin Gordhan - Budget Policy

Pretoria – Business has welcomed the Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Pravin Gordhan. [Read more…]

Investment bill is consistent

Investment Bill

Investment Bill – South Africa’s Protection of Investment Act of 2015 provides protection to foreign investors in a manner that is consistent with the Constitution, says the Department of Trade and Industry (dti). [Read more…]

Regulations for tax free savings

TFSA

The final notice and regulations that allow for the introduction of Tax Free Savings and Investment Accounts (TFSAs) have been approved by Finance Minister Nhlanhla Nene. [Read more…]

National Treasury publishes proposals

south africa national treasury

National Treasury on Friday published a multi-billion rand request for proposals (RFP) for the provision of an enterprise resource system (ERP). [Read more…]

AFB launch Business Cash Advance product

Business Cash Advance product

Consumer and business finance company afb has launched an innovative Business Cash Advance product for Small and Medium Enterprises (SMEs) in Kenya. [Read more…]

SA to diversify reserves

NZ dollar

South Africa’s Reserve Bank is set to invest in currencies such as the Korean Won, Australian Dollar and the New Zealand Dollar. [Read more…]

Transnet credit rating upgraded

transnet

Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. [Read more…]

SARS collects R814bn in taxes

South African Revenue Service

Pretoria – In what Finance Minister Pravin Gordhan today described as a “remarkable achievement”, the South African Revenue Service (SARS) exceeded its target when it collected more than R814 billion in taxes for the 2012/13 fiscal year. [Read more…]

Model to boost SA’s financial system

Financial System

Financial System

Pretoria – South Africa’s move to a Twin Peaks model of regulation will boost the country’s resilience, as well as create a stable financial system, says the Financial Stability Board (FSB). [Read more…]