Government to dispose of its Telkom shares
Finance Minister Malusi Gigaba has announced that government will dispose of its Telkom shares in order to cover a shortfall of R3.9 billion. The Minister said this when he tabled his maiden Medium Term Budget Policy Statement in the National Assembly on Wednesday. The medium-term budget – which projects... Read more
Government to appoint new board for Eskom
The government will appoint a new board for power utility Eskom, Finance Minister Malusi Gigaba said on Wednesday. Tabling the Medium Term Budget Policy Statement (MTBPS) in Parliament, Minister Gigaba said the new board will be appointed before the end of November 2017. He said the government is concerned... Read more
Growth projection revised down to 0.7%
Finance Minister Malusi Gigaba says National Treasury has revised economic growth projections downwards to 0.7% for 2017. The Minister said this not long after the country’s economy slipped out of a technical recession that was brought about by a -0.7% slump in the first quarter of 2017  after dwindling... Read more
Finance Minister to table his first mini-budget
Finance Minister Malusi Gigaba will this week table his maiden Medium Term Budget Policy Statement (MTBPS) in Parliament. Appointed to head National Treasury following President Jacob Zuma’s Cabinet reshuffle in March, Minister Gigaba is set to deliver the MTBPS, also known as the mini-budget, in the National Assembly on... Read more
Finance Minister receives SAA’s CEO submission
Finance Minister Malusi Gigaba has received the South African Airways (SAA) submission on who should be its next Chief Executive Officer. “Having followed due process the SAA board has made a submission to me and stated their preferred candidate,” Minister Gigaba said on Thursday. This as the Minister briefed... Read more
Action plan to reignite confidence in economy
Finance Minister Malusi Gigaba on Thursday unveiled details of an inclusive economic growth action plan, which is set to inspire confidence in the country. “The programme we are presenting today is drawn from our engagements with the rating agencies, domestic and international investors, the technical... Read more
Bold decisions needed for SA to achieve 6% growth
If South Africa is to achieve 6% growth, extraordinary bold decisions that change the economy must be made, says Finance Minister Malusi Gigaba. “If we must rebound from a low growth trajectory into which we currently are in; if we must grow our economy at 6% on a sustainable... Read more
Finance Minister to take Public Protector report on review
Finance Minister Malusi Gigaba is to take the Public Protector’s report relating to Absa and the Reserve Bank on review. “The Minister of Finance, Malusi Gigaba, has instructed counsel to institute review proceedings for the review and setting aside of the findings, remedial action and the entire report of... Read more
Finance minister gazettes provisions of FICA Act
Finance Minister Malusi Gigaba has signed and gazetted the coming into operation of various provisions of the Financial Intelligence Centre Amendment (FICA) Act, 2017. The FIC Amendment Act was signed into law by President Jacob Zuma on 26 April 2017 and gazetted on 2 May 2017. However, the determination... Read more
Communications Minister Ayanda Dlodlo says the South African Broadcasting Corporation (SABC) has imposed a number of cost-cutting measures in a bid to improve its financial position as the public broadcaster buckles under financial strain. The Minister said this when she answered questions that were posed to the Economic Cluster... Read more