Finance minister Pravin Gordhan has moved to calm the controversy over electronic tolls on Gauteng’s upgraded highways, saying monthly fees will be capped at a maximum R550/month. Gordhan says the fees, which will be imposed from 30 April, will also be reduced
Browsing: Pravin Gordhan
The Democratic Alliance (DA) has raised the idea of creating R700m national venture capital fund, funded by the state, to provide investment capital to help early-stage businesses. The proposal is contained in the opposition political party’s “alternative budget”, published on Tuesday and available here
Power utility Eskom signed a US250m (R1,9 billion) loan on Monday that will finance the building of SA’s largest solar energy and wind power generation projects. Signing the guarantee, finance minister Pravin Gordhan said SA had a “huge comparative advantage”
National treasury has allocated R2,2bn over five years for the department of home affairs’ “Who Am I Online?” project, which has been stalled by a legal dispute with Gijima, finance minister Pravin Gordhan said
Government is reintroducing a 7% ad valorem tax on imported computer monitors, scrapped in 2004, because many people, it says, are using them as television sets. TV sets and monitors
Government will use the development of communications infrastructure to boost employment in the country. Finance Minister Pravin Gordhan delivered the country’s medium-term budget on Wednesday, reining in public spending and promising that infrastructure development would be used to meet government’s employment targets.
Finance minister Pravin Gordhan and the SA Reserve Bank have both given the green light to the R24,4bn all-cash acquisition of SA IT group Dimension Data by Japan’s Nippon Telegraph and Telephone Corp (NTT). Didata said on Friday that both parties had approved the offer.
The department of communications received R3,9bn in extraordinary proceeds from Telkom following the sale of its shares in Vodacom, according…
Despite the unexpectedly large budget deficit, lower income earners can likely still look forward to some tax relief in the…
MTN and Bharti decided to terminate merger talks, the national treasury said on Wednesday after talks between finance minister Pravin…