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National Treasury Confirms First Recession Since 1992


National TreasuryNational treasury has admitted that South Africa is in the grip of a recession. The admission was made at a media briefing in Pretoria delivered by the department's director-general,…

National Treasury to Address Over-Spending in Public Sector


Ministry of FinanceThe finance ministry is to improve value for money on expenditure within the public sector and reduce current levels of over-spending in certain areas. The minister of finance,…

Hearings On Tax Laws Well Attended; Report-Back Scheduled


Standing Committee on FinanceChairperson Thaba Mufamadi of the Portfolio Committee on Finance heard some twenty submissions on the draft Taxation Laws Amendment Bill shortly to be tabled in Parliament by…