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Treasury: Relevant individuals will be called to testify at PIC inquiry
Finance Nhlanhla Nene announced the establishment of the inquiry on Wednesday which will investigate corruption allegations against top pic members.
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Nene: Govt depts will also feel pinch of fuel price hike
Finance Minister Nhlanhla Nene says the price of petrol has the greatest impact on government departments whose service delivery mandates involve significant car travel.
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[WATCH] New Madiba notes, coin officially launched
South Africa Reserve Bank officially launched new notes and a R5 coin in celebration of Nelson Mandela's centenary year.
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[LISTEN] 'Nene asked unions to bring ideas of how to fund wage demands'
Cape Talk’s Kieno Kammies speaks deputy editor of the 'Financial Mail' Sikonathi Mantshantsha about the Eskom wage talks deadlock.
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Unions demand meeting with Nene, Gordhan & Eskom board amid wage talks
On Tuesday, talks ended with no agreement as workers remained firm on their demand for an 8% salary increase for this year and then 8.5% for the next two years.
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Nhlanhla Nene warns of challenges as rand tumbles
The rand suffered last week when data showed the economy shrank by 2.2% in the first quarter of 2018.
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[LISTEN] Nene cautiously optimistic about SA's economic growth outlook
'The Money Show’ interviewed Finance Minister Nhlanhla Nene, who tabled Treasury’s budget in Parliament on Tuesday.
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Nene: Revenue-spending gap expected to reduce marginally in 2018
Finance Minister Nhlanhla Nene says the gap between revenue and spending is expected to reduce marginally in 2018, while he was cautiously optimistic that economic growth would be higher than forecast.
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Nene says outlook for tax revenues unchanged
Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged.
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Nene: Union wage demands puts SA's spending cuts at risk
The government and public sector unions representing teachers, nurses and the police have been locked in negotiations over wage increases since late 2017.
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Nene: 112 municipalities without cash to carry out services
It means the municipalities won't have enough money to meet their expenditure when the financial year ends on 30 June.
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Solidarity to announce strategy to rescue SAA
The union has expressed concern over the state of the national carrier which lost almost R4 billion last year.
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[LISTEN] Sars fails to reach tax collection target
Speaking to Talk Radio 702's Bongani Bingwa, Keith Engel of the South African Institute of Tax Professionals says Sars has been forced to revise its target.
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Slow consumer confidence linked to drop in VAT collection, says Sars
Year-on-year growth for VAT has declined by 0.1%.
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Nene: It’s critical that taxpayers’ money used appropriately
Sars collected R1,2 trillion, R700 million short of the target set by former Finance Minister Malusi Gigaba.
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Nene: Sars to hold tax evaders accountable
Finance Minister Nhlanhla Nene, along with acting national commissioner Mark Kingon, on Tuesday announced the tax collection for the 2017/2028 financial year.
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‘Taxpayers need full confidence in spending of tax revenue’
The Finance Minister confirmed on Tuesday that the South African Revenue Services came close to meeting its collection target for the last financial year, raking in R1.216 trillion.
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[LISTEN] Finance Minister Nene on Moody's stable outlook
Finance Minister Nhlanhla Nene says it is important to take charge of the country’s agenda while ratings agencies and investors are beginning to view it positively.
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Nene: Govt open to alternative ways of raising revenue
Government is aiming to reduce expenditure by R26 billion in this financial year while raising R23 billion in revenue through an unpopular decision to raise VAT rate to 15%.
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Nene: Govt will find ways to cushion VAT hike on poor
Finance Minister Nhlanhla Nene has conceded that the one percentage point hike will hit poor households the hardest.
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Nene: Energy Dept needs R1 trillion for nuclear plans
Finance Minister Nhlanhla Nene confirmed that nuclear plans will remain on the table but will only be implemented at a pace the country can afford.
