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Medium term expenditure framework approved for tabling


CabinetThe cabinet last week approved the framework for the division of revenue for the current 2009 Medium Term Expenditure Framework (MTEF) mechanism. All premiers, together with provincial MECs in charge…

Parliament to be allowed to make changes to money bills


Portfolio Committee on FinanceA new bill, the Money Bills Amendment Procedure and Related Matters Bill, has been tabled in Parliament by the minister of finance. It will allow Parliament to…

National Treasury proposes changes to revenue laws legislation


Portfolio Committee on FinanceRecommended changes to revenue laws legislation would seek to reduce the tax liability for long-term pre-retirement withdrawals while simultaneously discouraging withdrawals just prior to formal retirement. National…

National Treasury justifies need for Eskom subordinated loan


Portfolio Committee on FinanceGovernment remains committed to providing a much-needed capital injection to Eskom to help the energy producer meet its infrastructure expansion plans and alleviate energy security concerns. National…

Medium term budget draws approval from key stakeholders


Portfolio Committee on FinanceInterest groups have called for a concerted response from business, labour and government to attain higher economic growth levels and thereby address poverty and unemployment. Business Unity…