The tripartite alliance is divided over the possible recall of Pravin Gordhan as Finance Minister. The South African Communist Party (SACP) is fighting back against the president’s rumoured plans to recall Gordhan. It says the ANC should not gamble with the legacy of people like Ahmed Kathrada. President Jacob Zuma[…]
Treasury officials confirmed to Business Day that preparations were being made for the possible cancellation of the US leg of the tour. President Jacob Zuma has ordered Finance Minister Pravin Gordhan to return from an investor roadshow in the UK, saying the trip was ‘unauthorised’. And the second leg of the[…]
Finance Minister Pravin Gordhan has announced hard-hitting increases in personal income tax of R16.5bn for 2017-18‚ as economic growth stutters and revenue collection falls short of expectations. These increases are part of a total R28bn package of tax hikes. Tax revenue has deteriorated by a further R7bn since the medium-term budget[…]
South Africans will be keenly watching Finance Minister Pravin Gordhan deliver the National Budget Speech for 2017 on Wednesday, which will provide clarity on the state of the country’s economy. Following the State of the Nation Address, South Africa has been abuzz with questions about what to expect after a[…]
One thing we know about Budget 2017 is that Finance Minister will be reflecting only a faction of the governing ANC when he delivers his speech in the National Assembly. Last year, Gordhan was seen as a saviour following the Nene debacle. He was the interim captain of a floundering[…]
Standard Bank has filed an explosive affidavit in the High Court in Pretoria appealing for protection against executive interference in the bank and detailing the extensive political pressure it came under from the ruling ANC party‚ Cabinet ministers and Oakbay after its closed the company’s accounts. BusinessLIVE reports the affidavit[…]
NPA head Shaun Abrahams is unfit for office and must be suspended, the Helen Suzman Foundation and Freedom Under Law are arguing. The two organisations have launched an application to order President Jacob Zuma to suspend Abrahams, along with the head of the priority crimes litigation unit, Dr Torie Pretorius,[…]
In a move that shocked South Africans, the National Prosecuting Authority (NPA) yesterday dropped the much debated fraud charges against Finance Minister Pravin Gordhan and two former South African Revenue Service (SARS) employees, Oupa Magashula and Ivan Pillay. While many commentators have welcomed the news, the NPA has in turn[…]
Archbishop Emeritus, Njongonkulu Ndungane has added his voice to the list of high-profile people calling for the resignation of National Prosecuting Authority (NPA) head, Shaun Abrahams. This follows the NPA’s withdrawal of fraud charges against Finance Minister Pravin Gordhan and two former SARS employees. In a statement, Ndungane says Abrahams[…]
‘Informal discussions” are under way between National Director of Public Prosecutions (NDPP) Shaun Abrahams, his close allies in the National Prosecuting Authority (NPA) as well as lawyers of Finance Minister Pravin Gordhan and his two co-accused to drop the charges against them. City Press has learnt that yesterday, a draft[…]
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