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‘Gordhan has passed his first test’
Political parties on Tuesday congratulated Finance Minister Pravin Gordhan on a positive budget and said he passed his first test.
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Budget deficit soars as economy shrinks
South Africa will keep spending to steer its way through a global downturn and its first recession in nearly two decades.
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Bigger Cabinet to cost SA more than half a billion
The creation of a bigger Cabinet and presidency will cost the country more than half a billion rand in ”unforeseeable” expenses this year.
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Gordhan to debate inflation targeting
South Africa’s inflation target remains in place but the government and central bank would soon start talks on the best way to manage prices.
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Treasury spells out key spending priorities
As unemployment and poverty rise, Treasury says creating jobs and safeguarding social security are among its key spending priorities.
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DA, Cope: Don’t let left dictate economic policy
The DA and Cope on Monday called on Finance Minister Pravin Gordhan to show he is firmly in control of macroeconomic policy.