finance minister

Van Rooyen’s minister stint wiped R95bn off pensions

The pensions of government employees lost R95 billion in the two days last December that Des van Rooyen was finance minister‚ the CEO of the Public Investment Corporation‚ Dan Matjila‚ told Parliament on Tuesday. Dr Matjila‚ who was briefing Parliament’s portfolio committee on finance‚ said that the investments had “significantly[…]

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Ramaphosa denies meeting Rupert

Read the full text of the statement issued by Deputy President Cyril Ramaphosa in response to allegations he met with businessman Johan Rupert to discuss cabinet appointments. Pretoria – In response to a number of media queries regarding the allegation that Deputy President Cyril Ramaphosa met with business people including[…]

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Pravin slams ‘crony’ Guptas

Finance Minister Pravin Gordhan has slammed the detractors of his deputy, Mcebisi Jonas, and warned against allowing a “single family” to determine the fate of 55 million South Africans. Gordhan, speaking during an ANC opinion-makers forum in Durban on Sunday, also criticised the timing of the probe into his tenure[…]

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No surprises in #Budget2016

Finance Minister Pravin Gordhan’s 2016 budget speech was devoid of surprises, and also – rather sadly – lacking in much of the detail that South Africans had hoped for. Following President Jacob Zuma’s State of the Nation Address earlier this month, South Africans have been eagerly awaiting details as to[…]

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R16 billion more over medium term for higher education

According to the Budget review, the R16bn will come from prioritizing R31.8bn to support new spending requirements since the tabling of the 2015 Medium Term Budget Policy Statement in October last year. File photo Finance Minister Pravin Gordhan did not say much about the funding of universities in his Budget[…]

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Taxpayers will feel brunt of Gordhan’s whip

This afternoon Finance Minister Pravin Gordhan will arguably give the most significant speech of his political career when he delivers the Budget for 2016/17 in parliament. Economically speaking the odds are against South Africa with record-low growth rates, the worst drought in history, and an unsustainable debt to GDP ratio,[…]

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Cosatu: ‘ban e-tolls and keep VAT steady’

Finance Minister Pravin Gordhan should ban e-tolls, refrain from hiking VAT and avoid privatisation of Eskom and other state-owned entities, trade federation Cosatu said on Tuesday in a comprehensive statement tabling its budget speech expectations. South Africa cannot afford to repeat the mistakes of the European Union, whose austerity approach[…]

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Stop exaggerating SA’s problems: Zuma

In one of South Africa’s stranger public holiday commemorations on Wednesday, thousands gathered in various cities to participate in #ZumaMustFall marches, while President Jacob Zuma himself called for people not to exaggerate the country’s problems for fear of being considered “funny”. “We exaggerate our problems and make people think that[…]

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#ZumaMustFall marches to go ahead

As the tide of public sentiment grows against President Jacob Zuma, people from all quarters are mobilizing in a nationwide demonstration being dubbed the Zuma Must Fall march. The country’s number one is facing increased pressure from both civil society and the broader public after overseeing the appointment of two[…]

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I signed no deals as finance minister: Van Rooyen

New Co-operative Governance and Traditional Affairs (Cogta) Minister David van Rooyen said he did not sign any deals during his short stint as finance minister. “Unfortunately no deals were signed, if that is what you want to hear,” he told reporters in Pretoria on Tuesday. Van Rooyen was responding to[…]

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