Domestic

PARLIAMENT, February 24 (ANA) – Finance Minister Pravin Gordhan’s first budget back in the portfolio earned him unexpected high praise from Economic Freedom Fighters leader Julius Malema on Wednesday. Malema said South Africans should

PARLIAMENT, February 24 (ANA) – Finance Minister Pravin Gordhan’s budget speech was pragmatic and was firmly aligned to ANC policy, African National Congress secretary general Gwede Mantashe said on Wednesday. Speaking shortly after

PARLIAMENT, February 24 (ANA) – Finance Minister Pravin Gordhan preached measured optimism even as he revised South Africa’s growth forecast down significantly in his budget speech on Wednesday. Delivering his budget speech in

The embattled higher education sector was on Wednesday allocated an overall expenditure budget of R68.7 billion for the 2016/17 period, an increase of seven percent on last year’s R64.2 billion. The National Student Financial Aid Scheme

Equitable share allocations to provinces are down R14.9 billion from what was forecast in the 2015 Medium Term Budget Policy Statement (MTBPS), according to the 2016 budget review, released on Wednesday. The reduced allocations was as a result of

The impact of the nation’s drought featured prominently in South African Minister of Finance Pravin Gordhan’s Budget speech on Wednesday, with many mentions of government’s response and praise for those looking to lessen the

Smokers and boozers will be reaching deeper into their pockets from Wednesday as Finance Minister Pravin Gordhan announced that taxes on wine, beer, spirits and cigarettes would continue to rise above the rate of inflation. The excise duties on

Finance Minister Pravin Gordhan slashed South Africa’s growth forecast for the year to 0.9 percent of GDP as he tabled an annual budget on which the country has pinned hopes of preventing a credit rating downgrade to junk status. “The

South Africans will be spared increases in personal income tax this April, but Treasury proposes increases in the fuel levy, environmental taxes and excise duties to raise much-needed additional revenue in the next financial year. “We have