Browsing: Pravin Gordhan

R378m prisons tender still being reviewed

A controversial R378m prisons IT contract cannot be stopped until an audit and a court case are completed, minister of justice & correctional services Michael Masutha said on Tuesday. “As far as we are concerned, it does not befall

Banks’ Gupta decision could deter investors: gov’t

Cabinet was concerned that the decision by the country’s big four banks to cut ties with the Gupta-owned Oakbay Investments would deter investors, planning minister Jeff Radebe said on Friday. “While cabinet appreciates the terms and conditions of

Radebe opens Gupta can of worms

Jeff Radebe, minister for planning, monitoring & evaluation, opened a can of worms on Thursday when he said three cabinet ministers held meetings with South Africa’s four big banks to get reasons why they decided to close the bank account of the

Sars rakes in R1 trillion in tax

The South African Revenue Services (Sars) has never collected more than a trillion rand in taxes before — until now. “Gross tax revenue for the fiscal year came in at R1,0699 trillion or R0,2bn more than the February estimate,” Sars commissioner

KPMG severs ties with Guptas

KPMG has terminated its business relationship with the Gupta business empire due to the political storm surrounding the family’s friendship with President Jacob Zuma. KPMG was the auditor for all Gupta-owned and -controlled businesses

Rand breaks through R15/$

The rand has broken the R15/US$ ceiling on Wednesday after US Fed chair Janet Yellen surprised on Tuesday night with dovish comments, depreciating the dollar against most currencies. “A need for caution is all it took from Janet Yellen in a speech

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