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Spending on post school education and training will grow faster than any other government programme over the next three years, says Finance Minister Nhlanhla Nene.
The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents): It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more
Tax changes are likely to be introduced in February when Finance Minister Nhlanhla Nene tables his first full budget, he signalled on Wednesday in his medium-term policy statement.
Government will not be extending any new debt guarantees for Eskom, Finance Minister Nhlanhla Nene announced on Wednesday.
The country’s embattled state-owned entities (SOEs), including SA Airways and the SA Post Office (Sapo), will not be bailed out, according to Finance Minister Nhanhla Nene.
The public service will henceforth have to accept inflation-related increases or face staff cuts, Finance Minister Nhlanhla Nene warned on Wednesday in his first mid-term budget.
Raised revenues and slashed spending are among firm fiscal measures announced by Finance Minister Nhlanhla Nene on Wednesday in a “turning point” mid-term budget.
The mini budget for 2014/2015 will be presented to Parliament tomorrow. In this transcribed video previewing it, Matthew Lester paints the background.
It’s always important to pay attention to the way people elsewhere in the world will regard South Africa’s National Budget. As this Reuters piece is likely to be widely republished, it provides a useful insight into what foreigners will absorb. As always, Reuters is clear and balanced and its headline: “SA Government cuts Budget deficits … Read more
A worrying point in the detail of the 2014 Budget is the way servicing of National Debt is projected to continue to growing from the current 8.8% to 9.6% in the next three years (see our table below). It’s not a bearish call on the Exchange Rate either, as Finance Minister Pravin Gordhan explained in … Read more