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 […]