Economy
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. ... Full story
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.
Moody's downgrades South Africa's credit rating by one notch
Moody's Investors Service cut SA’s credit rating by one notch to Baa1 from A3 on Thursday, citing worries about the country's institutional strength, investment climate, as well as future political stability.
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.
South Africa commits $2bn in IMF firewall
President Jacob Zuma has committed some of South Africa’s reserves to an International Monetary Fund ‘firewall’ meant to prevent future financial crises.
Targeted budget deficit is achievable
South Africa’s targeted budget deficit is achievable, says Deputy Finance Minister Nhlanhla Nene.
South Africa differs with Moody’s downgrade
South Africa disagrees with rating agency Moody’s downgrade of South African financial institutions, says Finance Minister Pravin Gordhan.
South Africa Budget Speech 2012: Full Transcript
Minister of Finance Pravin Gordhan delivered the 2012 Budget Speech, Parliament, February 22 2012. Finance minister says R105bn to be spent on social grants, R207bn on education.
High expectations ahead of Gordhan 2012 budget speech
With just hours to go before Finance Minister Pravin Gordhan delivers his speech, All eyes will be on the Minister as he delivers his 2012 Budget Speech in the National Assembly today.
