Tag ArchivesTreasury

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Fitch downgrades South Africa

A second major ratings agency has cut the South African government’s sovereign credit rating to junk status.  This follows the axing of finance minister Pravin Gordhan.  (more…)

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Publication of Regulatory Amendments for Tax Free Savings Accounts

The National Treasury said in a statement that it will shortly publish final amendments to tax free savings accounts regulations for the year beginning 1 March 2017. (more…)

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Sharon Machutchon Tax Consultant at Mazars1

How Treasury plans to take the money you earned overseas

The latest plans to tax overseas income could negatively affect the careers of many South Africans, according to Sharon Machutchon, Tax Consultant at Mazars. (more…)

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Will there be relief for property owners in the Budget?

Herschel Jawitz, CEO of Jawitz Properties does not expect any direct relief for property owners or buyers in the upcoming budget. “With virtually no economic growth in 2016, Treasury will be hard pressed to offer any tax relief in the residential property sector,” says Jawitz. The two areas for tax relief are to either reduce […]

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Finance Minister Pravin Gordhan

Budget 2017 – make your voice count

The National Budget Speech will be presented against the backdrop of sluggish economic growth, the looming threat of a possible negative view by independent rating agencies, fees must fall campaign as well as uncertainty in the global economic conditions. (more…)

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Finance Minister Pravin Gordhan

Oakbay website attack on Minister Gordhan

National Treasury says in a statement that it notes the filing of an answering affidavit on Friday in the Pretoria High Court in response to Minister Gordhan’s application. (more…)

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Telkom and government cooperation saves hundreds of millions of rands

The National Treasury and Telkom through Business Connexion (BCX) have successfully concluded negotiations on the existing contract for fixed-line telecommunication services to government for national and provincial departments. (more…)

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Minister Pravin Gordhan

A thank-you note from Pravin Gordhan

Minister Pravin Gordhan today released a thank-you note to those who supported him while facing fraud charges that have now been dropped.  (more…)

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