LOCAL National Treasury has welcomed the International Monetary Fund (IMF)’s recommendations to improve State-Owned Enterprises (SOEs), in efforts to contribute to the sustainability of public finances. This comes on the heels of an IMF staff visit to South Africa from May 26 to June 6. The IMF staff acknowledged the[…]
The Department of Public Service and Administration says it will keep communication channels open with workers in the public sector should there be any significant changes. The department has refuted claims that government will be cutting 30,000 jobs over the next three years as suggested in recent reports. It says[…]
Social Development Minister Susan Shabangu said she is unhappy with the R10 transaction charge Grindrod Bank is currently charging grant beneficiaries and is working on finding a new arrangement. Shabangu was in Parliament on Wednesday to account for her department’s annual performance and budget plans. Addressing issues around the South[…]
National Treasury says a judicial commission of inquiry will be established to look at the root causes of the revenue gap. This after global ratings agency Standard & Poor’s Global Ratings downgraded South Africa’s currency to junk status. The move will make it costly and difficult for the country to[…]
National Treasury says a judicial commission of inquiry will be established to look at the root causes of the revenue gap. This after global ratings agency Standard & Poor’s Global Ratings downgraded South Africa’s currency to junk status. The move will make it costly and difficult for the country to[…]
President Jacob Zuma wanted to announce free education as early as February this year, but was stopped on his tracks by National Treasury, when Pravin Gordhan was still finance minister. The Sunday Times can today reveal that Treasury officials intervened by removing the free education announcement in Zuma’s state of[…]
Outgoing Finance Minister Pravin Gordhan and Deputy Finance Minister Mcebisi Jonas have slammed allegations contained in a dubious intelligence report which said they had a secret meeting during a roadshow abroad, in an attempt to undermine the country and its economy. Gordhan also warned South Africans to “connect the dots”[…]
The department of water and sanitation is broke. The critical department is now R4.3 billion in the red, leaving hundreds of contractors unpaid for at least seven months. Senior executives from National Treasury, the department and a key water board told City Press a few days ago that Cabinet should[…]
Students from Wits University have now cancelled their march to the National Treasury in Pretoria. They say they need more time to consult SRC’s from other universities. Meanwhile, Wits University says it will know by Sunday whether or not to resume academic activities at the university on Monday. The results[…]
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