Sanlam: MTBPS 2017 – A plea for more time, but no consolidation
The MTBPS 2017 is a plea for more time and support to implement new economic policy. It does not attempt to quantify the potential impact of these interventions. Rather, it shows what the Budget would look like should there be no policy action and/or additional fiscal consolidation, says Arthur Kamp,... Read more
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
Presidential Task Team to stabilise rising national debt
A team of Cabinet Ministers has been brought together to come up with solutions aimed at stabilising debt over the next three years, the National Treasury said on Wednesday. In the Medium Term Budget Policy Statement, which Finance Minister Malusi Gigaba tabled in the National Assembly on Wednesday, National... 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
Dondo Mogajane is the new acting Director General of National Treasury. In a statement on Monday, the Ministry of Finance announced Mogajane’s appointment following the last day of notice to be served by Lungisa Fuzile. Finance Minister Malusi Gigaba extended appreciation and gratitude to the outgoing Director General Lungisa... Read more