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Reserve Bank hikes Repo Rate to 5.75%

South African Reserve Bank (SARB) governor Gill Marcus decided to raise the repo rate by 25 basis points, taking it to 5.75%, following a three-day meeting with the Monetary Policy Committee (MPC). ... Full story

Property Sector backs South African Economy with R191.4 billion

A new study reveals that the property sector contributes R191.4 billion to the South African economy, according to Property Sector Charter Council, which aims to ensure industry stakeholders understand the Impact of sector at large.

Full text of SA's National Budget Speech 2014

Read full text of Finance Minister Pravin Gordhan's national budget speech 2014, presented in the National Assembly, Cape Town on Wednesday, 26 February.

Budget 2014 tackles irregularity in SA’s Property Industry

Tabling the 2014 budget in the National Assembly, Finance Minister Pravin Gordhan said an initiative undertaken jointly with the public works department to review the validity and cost effectiveness of all government property leases had exposed several deficiencies.

2014 Budget Focus on Industrial Incentives

According to the 2014 Estimates of National Expenditure, tabled by Finance Minister Pravin Gordhan on Wednesday, incentive development and administration will make up well over half of its total budget.

Highlights of the National Budget Speech 2014

Highlights of the South African National Budget Speech 2014-15 delivered by Minister of Finance, Pravin Gordhan to Parliament on February 26th, Cape Town.

Focus on Gordhan's 2014 National Budget Speech

Finance Minister Pravin Gordhan will present a plan that will focus on state expenditure, taxes, welfar, infrastructure and further managing budget deficit when he delivers his 2014-15 budget speech today in Parliament.

Mid-Term Budget Impact on SA Property Investment

The South African 2013 Medium-Term Budget Policy Statement (MTBPS) announcement demonstrates that government is serious about cutting back on excessive internal expenditure.

Gordhan delivers 2013 SA's mid-term budget speech

South African government will meet its budget deficit target of 4.2 percent this year, or down R144.6bn in the 2013-14 fiscal year, and limit spending over the medium term, Finance Minister Pravin Gordhan announced.

BRICS summit fits well with SA’s National Development Plan

Leaders of Brazil, Russia, India and China will join President Jacob Zuma in hammering out far-reaching finance issues for the bloc, including the discussion on the formation of a new development bank in Brics countries and other emerging markets.

South Africa's National 2013 Budget under spotlight

Finance Minister Pravin Gordhan will today address South Africa’s National budget, which is expected to focus on increasing the tax base, reducing costs and give details on how the country’s massive infrastructure projects will be funded.

Gordhan delivers the 2012 Medium Term Budget Policy Statement

Delivering a strong message to reassure nervous investors, Finance Minister Pravin Gordhan emphasised that South Africa has an extremely sound, sustainable framework and fiscally safe, as we are not about to fall off of any cliff.

South African Government welcomes IMF assessment

South Africa must press ahead with reforms to ensure its economic stability and Job creation is an urgent national priority to reduce the stubbornly high rate of unemployment.

IMF lowers South Africa economic growth forecasts

South Africa's economic growth is likely to moderate in 2012 due to weak external conditions and global uncertainty, the International Monetary Fund said on Thursday, adding monetary policy should remain accommodative given limited fiscal space.

National Treasury clarifies $2bn IMF commitment

South Africa on Tuesday announced its commitment to invest $2 billion of its reserves to the IMF. This as President Jacob Zuma attended the two-day G20 Summit in Los Cabos, Mexico. The summit concluded yesterday.

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