President Ramaphosa announced a late-night cabinet reshuffle that has seen some key Ministry replacements, notably the return of Nhlanhla Nene to the finance ministry and Pravin Gordhan as Public Enterprises Minster.
One of the most important legislative changes made in the past week was the increase in offshore allocation in Regulation 28. African focused investments are now limited to a max... ››› more
Tomorrow, the finance minister Nhlanhla Nene will give his medium-term budget.
With the government's coffers feeling the strain of slowing economic growth, Nene is under pressure to introduce new ways of increasing tax revenue. But how is he going to do it?
Since Thomas Piketty, a French economist, suggested introducing a new ‘wealth' tax in SA, could this happen?
Let's take a closer lo... ››› more
This afternoon, recently appointed finance minister Nhlanhla Nene gave his first medium-term budget.
So what did the finance minister's mini budget contain? It detailed how he plans to cut government spending and it contained some bad news on the tax front for South Africans.
Let's take a closer look…
The finance minister is set on cutting costs and boosting revenue to the government... ››› more
Just over a week ago, the governor of the Reserve Bank Gill Marcus dropped a bombshell as she was addressing a press conference about the outcome of the latest monetary policy committee meeting.
Ms Marcus revealed that she would not be serving a second term in the key role at South Africa's central bank.
The rand plummeted on the news.
Yesterday, the finance minister, Nhlanhla Nene said t... ››› more
Yesterday, President Jacob Zuma announced his new cabinet following his re-election a couple of weeks ago. President Zuma decided to move Pravin Gordhan from his finance minister position. Mr Gordhan is now the minister of co-operative governance and traditional affairs. The finance minister slot goes to Nhlanhla Nene. Over the past five years, Mr Nene was the deputy finance minister. Let's take a... ››› more
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