Finance Minister Nhlanhla Nene

Minister of Finance Nhlanhla Nene’s appointment as chairman of New Development Bank

Brand South Africa congratulates Minister of Finance Nhlanhla Nene on his appointment as Chairman of the Board of Governors of the New Development BankJohannesburg,...

Rand leapfrogs Nigeria’s naira as Africa’s top currency

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

MTBPS 2015: Nene ‘cost cutting reduces government consumption’

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.

South African government launches online Central Supplier Database

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.

Budget 2015: in numbers

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.

Budget 2015: in numbers

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.

No surprises in Nene’s first budget, say analysts

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.

Budget 2015: South Africa raises income tax

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.

South Africa’s Budget 2015: the full text

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.

International agencies affirm South Africa’s ratings

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.