For the second year in a row, the South African Revenue Service (SARS) has broken the Trillion Rand mark in revenue collection.

High state spending, slowing economy, and a marked increase in longer term deficit targets.

The Reserve Bank has done well to balance economic growth and the need to create jobs in its policy decisions, Finance Minister Pravin Gordhan said.

Thursday, 28 February 2013 07:00

South Africa to spend R827bn on infrastructure

Financing of R827 billion on infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place

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