Browsing: Pravin Gordhan

Gordhan threatened to quit

Finance minister Pravin Gordhan threatened to resign ahead of his crucial budget address over an alleged clash with South African Revenue Service commissioner Tom Moyane and ultimately a “proxy war” with President Jacob Zuma, reports said on Friday

Gordhan talks tough on Eskom

Energy regulator Nersa has postponed its announcement on the Eskom tariff hike decision until Tuesday, following finance minister Pravin Gordhan’s swipe at the power utility on Wednesday. Gordhan said at his press briefing ahead of his

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Budget 2016 in summary

This afternoon, finance minister Pravin Gordhan will arguably give the most significant speech of his political career when he delivers the budget for 2016/2017 in parliament. Economically speaking

Little on broadband in budget speech

For the second year in a row, the national budget has provided few details on a project to connect municipalities to broadband technology. Finance minister Pravin Gordhan delivered the 2016 national budget speech in parliament

Gov’t tender portal to fight corruption

From 1 April this year, all companies that intend to do business with government will need to be registered on the government’s central supplier database. Finance minister Pravin Gordhan on Wednesday said transparency with government

Gordhan calms nerves on nuclear procurement

The 9,6GW nuclear energy new build programme will only proceed after a “thorough and transparent tender process”, according to treasury’s budget review. Following on from President Jacob Zuma’s state of the nation address

Gordhan pulls tax levers in budget 2016

Finance minister Pravin Gordhan delivered a surprise during Wednesday afternoon’s national budget presentation in parliament by not hiking the personal income tax rate. Tax rates for companies and VAT were not increased either. However, as part of fiscal

Don’t hike taxes, sell Telkom: DA

Instead of announcing tax hikes in his budget speech on Wednesday, finance minister Pravin Gordhan should seek to raise revenue through asset sales, including the sale of “non-strategic liquid assets” such as Telkom, the Democratic Alliance has said

Economic crisis ‘rendering SA sober’

The economic crisis following President Jacob Zuma’s treasury debacle has finally brought about a convergence of government and business, former Nedbank chairman Reuel Khoza said on Tuesday

All eyes on Zuma for make-or-break speech

The rand weakened slightly to R15,92/US$ at 9.55am ahead of President Jacob Zuma’s state of the nation speech on Thursday, which will be watched closely by local investors hoping for a sign

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