South African finance minister warns on weak currency, declining taxes

Pravin Gordhan
Pravin Gordhan

The revenue outlook could dim even more if markets react adversely to an awaited announcement by the US Federal Reserve, Finance Minister Pravin Gordhan warned on Tuesday.

“In respect of the revenue outlook in relation to the current … Read the rest

South Africa to return Gaddafi billions to new Libyan government

Muammar Gaddafi

An agreement has been reached on the repatriation of Libyan funds and assets from South Africa, the Treasury said on Thursday.

“The Minister of Finance, Pravin Gordhan, has agreed with the Libyan government that the repatriation from South … Read the rest

South African finance minister says unrest damaging the economy

Labour unrest in the mining industry was extremely damaging to the economy, Finance Minister Pravin Gordhan said on Friday.

“It undermines confidence in the South African economy, and if we undermine confidence, we undermine investment,” he told reporters at a … Read the rest

Zimbabwe wants to borrow billions of rand from South Africa

When Zimbabwe nationalised land and evicted whites from the country, hyperinflation ensued. Now it wants to borrow from its neighbour where white taxpayers fund the state.

Zimbabwe will seek funds from southern Africa to help finance its budget as the … Read the rest

South Africa’s ‘culture of greed and corruption’ – Finance Minister Gordhan

Pravin Gordhan

South Africans need to work together to prevent the country from giving in to a culture of greed and corruption, Finance Minister Pravin Gordhan said on Thursday.

“Let me tell you that from where I stand and what … Read the rest