The National Treasury has resolved not to hike the general fuel levy and the Road Accident Fund levy for the first time in 31 years to cushion hard-pressed consumers from soaring petrol prices. This was announced by finance minister Enoch…
A senior National Treasury official has described the conduct of the Guptas and other companies who looted public funds as “treason” and says the government will stop at nothing to ensure their imprisonment. National Treasury deputy…
BY STHEMBILE CELE President Cyril Ramaphosa will next week receive the first report from the multidisciplinary “fusion centre” which has been tasked with dealing with Covid-19 related corruption. “They will also report on a six-weekly…
Finance minister Tito Mboweni has revealed that government intends to borrow US$7bn (R118bn) from international finance institutions, warning strongly that it is money which must be paid back. “Government intends to borrow US$7bn from…
South Africans can breathe a sigh of relief after National Treasury decided against increasing value added tax, pay-as-you-earn or other personal income taxes. Economists had anticipated either an increase in either of the taxes to make…
Government is looking for R2bn to contribute to SA Airways (SAA), as part of its commitment to the airline’s business rescue process. Meanwhile, the department of public enterprises said in a statement on Sunday evening that it was…
The National Treasury is working out how much the National Health Insurance (NHI) will cost. It will release the information later. The NHI bill was released at a media conference on Thursday by health minister Zweli Mkhize. It was…
Finance minister Tito Mboweni declined to give the cash-strapped SABC a much-needed government guarantee in order for the public broadcaster to stay on air. This was relayed to communications minister Stella Ndabeni-Abrahams in a two-page…
By Khulekani Magubane National Treasury has painted a bleak picture of municipal finances and their long-term sustainability in its preliminary report on local government revenue and expenditure for the period beginning on 1 July 2016 and…
By Asanda Nini Despite a glaring and desperate need for decent services and proper infrastructure across the province, most Eastern Cape municipalities are expected to have badly underspent their capital budgets in the financial year…
BY LINDA ENSOR The National Treasury is in the process of setting up an inter-departmental anti-money laundering committee to combat the financing of terrorism. The committee will‚ among other things‚ harmonise and align approaches to…
