medium term budget policy statement

Gordhan moots contingency reserve

The National Treasury is looking at creating a separate kitty or "policy reserve" of funds, drawn from surpluses in its existing investments and revenue, in order to support economic development, says Finance Minister Pravin Gordhan.

SA’s R800bn infrastructure drive

South Africa is set to spend over R802-billion on infrastructure development over the next three years as part of a government drive to ease bottlenecks and reduce costs in the economy, "crowd in" private investment and improve access to export markets.

South Africa eases exchange controls

South Africa's National Treasury has announced the further easing of exchange controls in order to allow local institutions to invest more abroad, raising the amount institutional investors can take offshore to between 25% and 35%.

Gordhan: time for talking is over

Minister of Finance Pravin Gordhan delivered his mid-term budget policy speech before the National Assembly on 27 October 2010.

Gordhan: the time for talking is over

Minister of Finance Pravin Gordhan delivered his mid-term budget policy speech before the National Assembly on 27 October 2010. Read the full text of the minister's speech.
Budget big on education, jobs