South African Airways (SAA) chairperson Dudu Myeni has officially lost her battle to reconfigure the airline’s Airbus swap deal, which could have threatened the financial stability of SAA. SAA informed the Treasury that the board approved the execution of the transaction as directed and a process is underway to conclude it within the next few days, Treasury said in a statement late on Monday. Sticking to former minister Nhlanhla Nene's approved plan from July this year, the transaction … [Read more...] about SAA: Nene – 1, Myeni – 0
pravin gordhan
Cooperative Governance Minister engages with local business
Greater cooperation between the Nelson Mandela Bay Business Chamber and Cooperative Governance Minister Pravin Gordhan was cemented at a meeting held at the Chamber's office in Greenacres this morning. Gordhan, along with his advisor Mandla Nkomfe, and Nelson Mandela Bay Municipality Deputy Mayor Bicks Ndoni met with a large representation of the Nelson Mandela Bay Business Chamber's board, under the leadership of Deputy Presidents MC Botha and Cumesh Moodliar, and Business Chamber CEO Kevin … [Read more...] about Cooperative Governance Minister engages with local business
Municipalities must listen to people
In reaction to President Jacob Zuma's State of the Nation Address (SONA) in the National Assembly on Tuesday night, Minister Gordhan said municipalities need to listen to the people more and respond to challenges quicker. Cooperative Governance and Traditional Affairs Minister Pravin Gordhan says his department will up the ante to ensure that local government works more efficiently. He said this at a time when a number of municipalities have recently experienced service delivery protests … [Read more...] about Municipalities must listen to people
Friday Rant: How old is the state of South Africa?
At a recent address at the Coega Development Corporation offices in Port Elizabeth, our Finance Minister, Pravin Gordhan asked the assembled throng (well, those not busy on their phones at least) just how old a few different states were: Greece - everyone present said about 3 000 years USA - everyone present said around 400 years South Africa - most said the South African state was 20 years old Now Pravin was pretty disingenious as he led his audience to say 20 years in order to prove … [Read more...] about Friday Rant: How old is the state of South Africa?
Friday Rant: Have some respect
So there I was - the diligent nerd sitting in the front row listening to our Finance Minister, Pravin Gordhan's address. In the quieter moments one could discern a quiet hum - almost like the subdued clickety clack from a typewriter pool of old. Eventually I turned around to see if I could locate the source and shock, gasp, horror I espied multiple sources all with their heads down, shoulders slightly hunched, arms together, hands in their laps as they busily Tweeted, FB'ed, WhatsUpped and … [Read more...] about Friday Rant: Have some respect
Gordhan speaks at launch of CDC Perspectives Journal
Finance Minister, Pravin Gordhan, today tackled the topic of philosophical and practical challenges facing South Africa at the launch of the fifth edition of the Coega Perspectives journal. "Perspectives was initiated five years ago by the Coega Development Corporation (CDC) in collaboration with Nelson Mandela Metropolitan University (NMMU) as a tool for stimulating debate among professionals, specialists and young academics on issues of industrial and economic development," said Ayanda … [Read more...] about Gordhan speaks at launch of CDC Perspectives Journal
#Budget2014 Numbers
If like me you found the Budget presentation just a tad on the boring side - may I recommend that you view the video here - THIS is how we want Pravin to do #Budget2015 - and then come back and crunch your way through these numbers whilst imagining a whole new way to present a budget: Provincial Equitable Share Direct tax down Overview: Budget in numbers Min Gordhan anchors budget on economic growth Education scores big in 2014 Budget Health budget to exceed R492bln over three … [Read more...] about #Budget2014 Numbers
THIS is how we want Pravin to do #Budget2015
Now that the #Budget2014 is done and dusted I think about what the Longhair and have I say about our international tax consultant sister and in-law that some call; "Aunty" - accounting is boring, boring, boring. AND, now that the male joy of our union is in his BCom Accounting Honours year our lives are filled with the clickety clack of electronic abacus (abaci?) and dry financial tomes examining the PAST performance of various enterprises - bloody bean counters have forgotten how to look … [Read more...] about THIS is how we want Pravin to do #Budget2015
Send your Budget Tips to Gordhan
Finance Minister Pravin Gordhan has invited the public to submit their tips on what they would like to see in the country's 2014 budget, which he will present to Parliament next month. The Budget Tips is an on-going campaign to garner citizens' views on economic matters. The public is encouraged to send through their tips on matters relating to tax; how government can improve public finance management; boost economic growth and address unemployment. Gordhan will present the 2014 Budget … [Read more...] about Send your Budget Tips to Gordhan
Business Chamber welcomes Gordhan’s commitment to implement sustainable plans of action
Remarking on Finance Minister Pravin Gordhan's Mid-term Budget Policy Statement, Kevin Hustler, CEO of the Nelson Mandela Bay Business Chamber had the following to say: "Amid global economic uncertainty, we look to the finance minister to provide the support needed to increase the competitiveness and sustainability of the South African economy. We commend the minister on his unequivocal statements against wasteful expenditure, with a focus on strengthening service delivery and the review of … [Read more...] about Business Chamber welcomes Gordhan’s commitment to implement sustainable plans of action
Make Your Budget Predictions Here
Finance Minister Pravin Gordhan will today table the country's National budget, which is expected to give details on how the country's massive infrastructure projects will be funded. It is also expected to send a signal that South Africa is a growing economy. Gordhan will table the budget before Parliament at 2pm. The South African economy has had an uneven recovery from the 2009 recession. "Having witnessed credit rating downgrades from all three major agencies in recent months, … [Read more...] about Make Your Budget Predictions Here
Give Pravin your tips for prosperity
Finance Minister Pravin Gordhan has invited the public to submit their tips on what they would like to see in the National Budget, which he will table next month. The minster is also encouraging South Africans to send through their tips on how inclusive growth can be achieved and how it can reduce unemployment, poverty and inequality. Gordhan will present the 2013 Budget to Parliament on 27 February at 2pm. Tips to the minister can be sent to Private Bag X115 Pretoria 0001; they can … [Read more...] about Give Pravin your tips for prosperity
Medium Term Budget Policy Statement – Pravin Gordhan
South Africa's sound institutional framework, built on the foundation of the Constitution, will hold the country in good stead as it faces uncertainty at home and abroad, the Minister of Finance Pravin Gordhan said today. Presenting his Medium Term Budget Policy Statement in the National Assembly, a hopeful Gordhan said the country would stand firm despite slower growth and gloomy economic conditions both domestically and overseas. He also reassured investors that South Africa remained a … [Read more...] about Medium Term Budget Policy Statement – Pravin Gordhan
One good reason to stay in a low income area
The South African Revenue Service has vowed to enhance its tax collection laws in a renewed bid to target wealthy individuals who are said to be costing the country millions of rands every year through tax evasion. "We are going to be deploying resources towards getting these wealthy individuals who are abusing the trust. We will be getting to them, it's just a matter of time," Finance Minister Pravin Gordhan told reporters on Sunday. He was addressing the media on SARS performance on … [Read more...] about One good reason to stay in a low income area
2012 Budget Speech
Amid a global economic outlook which continues to remain uncertain, the Minister of Finance Pravin Gordhan today presented a circumspect, yet upbeat Budget Speech detailing how the infrastructure projects highlighted by President Jacob Zuma earlier this month would be funded. (Scroll down for videos) Gordhan also called on South Africans – including the corporate sector which has millions locked up in savings – to take advantage of opportunities in emerging markets and in the … [Read more...] about 2012 Budget Speech
