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Fitch downgrades SA further into junk, government reiterates commitment to economic structural reforms

4 April 2020, 12:00 AM

The South African government says that it has noted Finch’s decision to downgrade SA’s long-term foreign and local currency debt ratings further into non-investment by one notch from BB+ to BB.

Tito Mboweni

Treasury publishes details of COVID-19 tax relief measures

29 March 2020, 8:00 PM

National Treasury has published details of tax measures aimed at cushioning small and medium enterprises (SMEs) and vulnerable firms from the impact of the coronavirus outbreak. They include a tax subsidy to employers of up to R500 per month for the next four months for private sector employees earning below R6 500.

Funds will be set aside to curb the economic impact of coronavirus outbreak in SA – Mboweni

16 March 2020, 10:59 PM

Finance Minister Tito Mboweni says funds will be set aside to curb the impact of the coronavirus outbreak in South Africa.

School sanitation backlog headache as Treasury slashes school infrastructure budget

4 March 2020, 9:13 PM

Finance Minister Tito Mboweni has slashed the school infrastructure budget and this will affect hundreds of schools in urgent need of toilets and proper classrooms in the country.

‘Public sector wage cuts an attempt to pacify rating agencies’

3 March 2020, 11:09 AM

Co-director of the Institute for Economic Justice Neil Coleman has described government’s plan to cut the public sector wage bill as an attempt to pacify the rating agencies.

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