Finance Minister Nhlanhla Nene

12 August 2016 The South African rand has regained its position as Africa's top currency, leapfrogging the Nigerian naira this week. This comes after four major events...

Finance Minister Nene says cost containment measures implemented in 2013 have led to a drop in state consumption, and the Treasury has proposed a rise in spending in the long term to sustain debt levels in rough economic times, including a R200-million investment in energy.

Doing business with the government is now quicker and the process smoother, thanks to the Central Supplier Database. Launched by the minister of finance, companies wanting to work with the state are urged to register on it. There are several benefits to being listed on the database.

Finance minister Nhlanhla Nene’s budget speech has received mixed reactions. While income tax is being raised for the first time in 20 years, small to medium sized businesses set to benefit by the doubling of the turnover tax threshold. This summary of the budget shows how Nene’s changes will affect your pocket.

Finance minister Nhlanhla Nene’s budget speech has received mixed reactions. While income tax is being raised for the first time in 20 years, small to medium sized businesses set to benefit by the doubling of the turnover tax threshold. This summary of the budget shows how Nene’s changes will affect your pocket.

Finance Minister Nhlanhla Nene's inaugural budget, delivered in Parliament on Wednesday, was tight and conservative with the minister managing to balance the need for increased revenue without stifling spending, Citadel analysts concluded.

The tax rate will increase by 1 percentage point for all South Africans - except the lowest earners, Finance Minister Nhlanhla Nene said in his first Budget speech on Wednesday, which aims to stabilise government debt and rebalance fiscal policy.

Read the full text of South African Finance Minister Nhlanhla Nene's inaugural national Budget speech, the fifth in the country's democratic Parliament, delivered on 25 February 2015.

Standard & Poor's and Fitch both kept their ratings of South Africa steady on Friday. They were confident that The Treasury was committed to tight fiscal discipline, but warned that weak economic growth, industrial action and persistent electricity shortages kept their outlook negative.

The issue of infrastructure development received a lot of attention during the recent G20 Leaders’ Summit in Brisbane, Australia, and the establishment of a Global Infrastructure Hub will accelerate infrastructure investment, particularly in Africa, according to Finance Minister Nhlanhla Nene.