Bhisho defies national Treasury: The Eastern Cape government has paid more than R170-million to connect its departments with a fast internet solution, despite national Treasury refusing to give the contract the green light. The Eastern Cape government has paid more than R170-million to ... Source: "Bhisho" - BingNews. EC records over 12 000 domestic violence cases: There were 12059 cases of domestic violence reported across the 196 police stations in the province between 2015 and 2017, … [Read more...] about Bhisho news: Bhisho defies national Treasury
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Is Treasury Sabotaging the Economy of South Africa?
Is Treasury Sabotaging the Economy of South Africa?: South Africa’s inter governmental wars have reached a new plateau with the announcement by Futuregrowth that its suspending “any additional loans” to some of the biggest SOes. In particular Futuregrowth has identified the following entities as its first targets; Eskom, Transnet, Sanral, Landbank, IDC and DBSA. This move is akin to strangulation of the SOEs because Futuregrowth is regarded as a substantial funder of the … [Read more...] about Is Treasury Sabotaging the Economy of South Africa?
PE in the news: Treasury gives funding nod for Gupta probe
Treasury gives funding nod for Gupta probe: The Treasury committed to give Madonsela an additional R1.5m to pursue this investigation, despite her office having shut down five offices in Siyabuswa, Vryburg, Newcastle, Port Elizabeth and Mabopane to cut costs. This is half of the R3m Madonsela ... Source: "Port Elizabeth" - BingNews. Treasury approves funds for Madonsela to probe Guptas: The office of the public protector recently had to close its premises in Siyabuswa, Vryburg, Newcastle, … [Read more...] about PE in the news: Treasury gives funding nod for Gupta probe
Required reading for those in the alcoholic beverage industry
Treasury has on Monday published for public comment a discussion paper regarding the taxation of alcoholic beverages in the country. The paper, entitled 'Review of the Taxation of Alcoholic Beverages in South Africa', follows the 2010 and 2012 budget announcements. According to National Treasury, this discussion document analyses the current excise duty structure for alcoholic beverages since its implementation in 2002, recent developments in excise policy formulation both locally and … [Read more...] about Required reading for those in the alcoholic beverage industry
Budget and Treasury Staff Back at Work
With reference to the sit-in by staff members at the Budget and Treasury Directorate, yesterday, the Municipality hereby confirms that the relevant staff members have returned to work today and that services to the public are being rendered as usual. The Municipality is looking into the concerns and issues raised by the staff who participated in the sit-in, and will respond within the set seven-day framework. Editors Notes: Did anyone notice that the staff were NOT at work? … [Read more...] about Budget and Treasury Staff Back at Work
South Africa Rated Stable
South Africa's economic outlook rating has been revised from negative to stable, a move which has been welcomed by National Treasury. Rating agency, Fitch Ratings, on Monday announced its revised outlook, affirming South Africa's long term foreign currency issuer default ratings at BBB+. "Fitch indicated that the revised outlook reflects South Africa's smooth adjustment post the global crisis, and the resilience of the credit fundamentals, which are in line with or better than South … [Read more...] about South Africa Rated Stable
