In The News South Africa

Two die in Rustenburg floods

RUSTENBURG, February 22 (ANA) – Two people died in Phokeng near Rustenburg following floods in the area, the Rustenburg municipality said on Wednesday. “Latest information collated by the disaster team coordinated by Rustenburg local municipality so far is that there has been two fatalities in the Phokeng area, caused by drowning after the vehicle was […]

In The News South Africa

Corruption charges laid against Finance Minister Pravin Gordhan

Black First Land First (BLF) has brought a case of corruption against Finance Minister Pravin Gordhan. The case (case number 694/2/2017) was opened by BLF, who submitted a certified statement to Lieutenant Colonel Moeketsi at the Hillbrow Police Station, at 3pm today. BLF alleges that Gordhan, in his capacity as Finance Minister has contravened Section 34 of the Prevention and Combating of […]

In The News South Africa

#Budget2017: what the two biggest opposition parties say

PARLIAMENT – The Democratic Alliance (DA) on Wednesday said it expected Finance Minister Pravin Gordhan to announce more haircuts for government and reprioritise funding to programmes to employ young people in the country, while Economic Freedom Fighters leader Julius Malema praised a balanced budget but lamented corporate tax. DA spokesman on finance David Maynier said a […]

In The News South Africa

#BUDGET2017 – No radical economic transformation without finance basics, says Gordhan

PARLIAMENT – Finance Minister Pravin Gordhan on Wednesday warned that government’s oft-stated drive for radical economic transformation would come to naught if it did not respect financial wisdom and frameworks. Deviating from his prepared budget speech, Gordhan told Parliament: “Without doing the right things financially we cannot go about implementing all the plans and ambitions […]

In The News South Africa

#Budget2017: Provinces’ austerity measures curb non-core spending

PARLIAMENT, February 22 (ANA) – Provinces are making progress in reducing spending on non-core goods and services and in controlling personnel costs, Finance Minister Pravin Gordhan said on Wednesday. Tabling the 2017 Budget in National Assembly, Gordhan said provinces have made progress in implementing the cost-containment measures announced in 2013, and that provincial financial management […]