By Daanyaal Matthews Political parties, civil organizations, and analysts were up in arms at the news that Minister of Finance, Enoch Godongwana, had issued an exemption to Eskom, through a government gazette, that would see the energy giant exempt from reporting financial irregularities in its annual financial report. This exemption[…]
Finance minister Enoch Godongwana will on Wednesday deliver the Medium-Term Budget Policy Statement (MTBPS) under a very difficult economic environment facing the country. The country and markets are anticipating resolutions around the Public Sector Wage Bill and Eskom’s debt burden amongst others. The biggest expectation will be the Basic Income Grant[…]
Finance Minister Tito Mboweni has responded to suggestions he may resign with a tweet saying he was staying put in his post and working to fix South Africa’s flagging economy. “There is a malicious rumour that I have resigned. It is untrue,” Mboweni posted on his Twitter account late on[…]
A national rescue effort to save thousands of lives threatened by the spread of Covid-19, while attempting to preserve and reconfigure the economy is unfolding on a scale unprecedented in democratic South Africa. The depth of the crisis the country finds itself in was underscored by a series of dire[…]
Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He said that the countries that had imposed sanctions on Qatar would also lose money because of the damage to business[…]
At 16:16 Wednesday afternoon cheery cries of “Malibongwe!” rose from ANC benches, and a few groans from the opposition benches, as Malusi Gigaba stood up to address the National Assembly as finance minister for the first time. He started to speak, but not a squeak could be heard over the[…]
However, should another vote of no confidence arise, Zuma may find himself without a job if enough ANC MPs are disgusted. In what can be described as a purge of dissenting voices, president Jacob Zuma last night axed a number of ministers and deputy ministers in a major Cabinet reshuffle.[…]
Yesterday finance minister, Pravin Gordhan, delivered the much anticipated mid-term budget speech at Parliament, amid chaotic clashes between police and protesting #FeesMustFall students. The speech follows a raft of charges relating to the embattled minister’s tenure at the South African Revenue Service (SARS), for which he will appear in court[…]
Finance Minister Pravin Gordhan says he hopes to give South Africans the assurance that the State’s finances are in good hands when he presents his medium-term budget next week. This is seen as the latest indication from Gordhan that he expects to remain in his post, despite a fraud charge[…]
Finance Minister Pravin Gordhan says reports of his alleged imminent arrest have been extremely distressing for him and his family. He said in a statement on Tuesday that he was not aware of any charges or further investigations until the reports surfaced over the weekend. The Sunday Times reported at[…]
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