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Finance Minister Pravin Gordhan on Wednesday announced a special appropriation of R5.8-billion to the South African National Roads Agency (Sanral) for its Gauteng Freeway Improvement Project (GFIP)...
South Africa would increase the levy on nonrenewable electricity sources by 1c/kWh to 3.5c/kWh, from July 1, 2012, Finance Minister Pravin Gordhan said on Wednesday.
He pointed out, however, that...
Departments and municipalities that persistently failed to spend, underspent, or misspent their capital expenditure budgets risked losing their allocations, Finance Minister Pravin Gordhan said on...
The South African government was moving to tighten its procurement systems, with Finance Minister Pravin Gordhan acknowledging on Wednesday that government would not receive full value from its...
A revised carbon tax policy paper will be published during the course of 2012, Finance Minister Pravin Gordhan told lawmakers, in Cape Town, on Wednesday.
The initial document was released at the...
Despite concerns of so-called ‘fiscal slippage’ as a result of higher expenditure demands, slowing growth and a modest recovery in tax collections following the 2009 recession, South Africa has...
More details have been provided as to the composition of a six-year, R25-billion economic competitiveness package first unveiled by Finance Minister Pravin Gordhan in October last year.
The 2012...
With just hours to go before Finance Minister Pravin Gordhan delivers his Budget Speech, many are expecting the speech’s mood to be an austere one, but it may just be one tinged strongly with...