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Govt encourages early retirement for up to 30 000 public servants

By: Simone Liedtke     20th February 2019 Given an “unsustainable” wage bill, the National Treasury has shifted expenditure to investment, meaning that national and provincial compensation... 

R567bn allocated for social grants to mitigate poverty, inequality

By: Simone Liedtke     20th February 2019 In the fight against poverty and inequality, government has allocated R567-billion for social grant payments. In 2019, grants for old age,... 

Govt revises contingency reserve to support cash-strapped SoEs

Govt revises contingency reserve to support cash-strapped SoEs 

By: Simone Liedtke     20th February 2019 With State-owned entities (SOEs) posing very serious risks to the fiscal framework, Finance Minister Tito Mboweni on Wednesday said that National... 

More South African News

Govt allocates R19.8bn to support business incentives

By: Simone Liedtke     20th February 2019 Government has made a three-year allocation of R19.8-billion to support industrial business incentives, 48% of which goes to manufacturing... 

R100bn to be injected into infrastructure fund over ten years

R100bn to be injected into infrastructure fund over ten years 

By: Simone Liedtke     20th February 2019 National Treasury will be reprioritising resources towards President Cyril Ramaphosa’s infrastructure fund and away from the wage bill, Finance... 

Another fuel levy increase lies ahead, carbon tax to be implemented 

By: Simone Liedtke     20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday.... 

‘No quick fixes’, Mboweni warns as Eskom bailout widens deficit

‘No quick fixes’, Mboweni warns as Eskom bailout widens deficit 

By: Terence Creamer     20th February 2019 Finance Minister Tito Mboweni used his inaugural Budget address on Wednesday to outline the “tough steps” required to fix South Africa’s... 

R69bn in support for Eskom made conditional on restructuring

R69bn in support for Eskom made conditional on restructuring 

By: Terence Creamer     20th February 2019 Finance Minister Tito Mboweni has turned down a proposal for R100-billion of Eskom’s debt to be transferred across to the National Treasury, but... 

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