Nhlanhla Nene

Eskom must get its house in order: Nene

Finance Minister Nhlanhla Nene says Eskom must sort out its problems because they are hurting the economy, according to Monday’s Business Report. Nene told the publication government was not able to help Eskom with day-to-day and operational issues, as it was best suited to deal with these itself. Nene reportedly[…]

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Nene meets SAA board

Finance Minister Nhlanhla Nene has held an introductory meeting with the SA Airways board of directors, after National Treasury took control of the state-owned company, the finance department said on Monday. “National Treasury is familiar with SAA and what is required to stabilise the airline’s financial position through the department’s[…]

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Govt denies R66m taxpayer bill for new ministeries

The government dismissed reports on Wednesday that the reconfigured executive will cost taxpayers an additional R66 million a year. “This continued inaccurate reporting is a wilful distortion of the budget appropriation process,” said Donald Liphoko, acting director general of the department of communication. “The reports are misleading as Minister [Nhlanhla][…]

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Possible tax increase next year: Analyst

Analysts have been divided on Finance Minister Nhlanhla Nene’s first Medium Term Budget Policy Statement on Wednesday, with some commending the tough stance taken against government spending. Others have expressed concern at the possibility of tax policy changes taking place during the next Budget Speech, which could see South Africans[…]

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Parties react to Budget Policy Statement

Government needs to take bold decisions and implement tougher measures to get the economy to recover, the DA said on Wednesday. “It is a difficult time for South Africa, that is why we need bold and strong leadership. Globally, other markets are starting to recover,” Democratic Alliance parliamentary leader Mmusi[…]

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