Pretoria – Business has welcomed the Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Pravin Gordhan. Medium-Term Budget Policy Statement “The South African Chamber of Commerce and industry (SACCI) welcomes the announcement of the MTBPS...
Midrand – Finance Minister Pravin Gordhan had welcomed the latest OECD report into South Africa which states that although strides have been made, the country is not fully reaching its potential. The third Organisation for Economic Cooperation and Development...
Cape Town – Tax revenue grew by R68.5 billion in the last financial year – to total R742.6 billion – R3.9 billion more than forecast by the Minister of Finance Pravin Gordhan when he presented his 2012 Budget in February, the South African Revenue...
Cape Town – Underspending on infrastructure and an increase in public servants’ wages remained key concerns for the government, with R3.8 billion in unspent balances in the last financial year expected to be rolled over and an additional R4.4 billion made available to...
Johannesburg – To meet the ambitious target of growing the economy by seven percent per annum, Finance Minister Pravin Gordhan says the country should redefine its economic transformation strategy. “We have to redefine economic transformation. We are merely mimicking...
