Efforts are being stepped up to alleviate electricity supply constraints, with government preparing to expand the Independent Power Producer (IPP) initiative, said National Treasury.

This is according to Finance Minister Pravin Gordhan who tabled the 2016 Budget during a joint sitting of the National Council of Provinces (NCOP) and the National Assembly, in Parliament, on Wednesday.

Excerpts from The 2016 National Budget tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 24 February 2016.  

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

A country renowned for breaking world records, this is one we do not want.

Economically, we are likely in the early stages of what I call the “stagnation” or “correction” phase of the economic super-cycle, “early” meaning perhaps 4-8 years in (depending on whether you ignore the short growth up-tick around 2010/11 and start the clock in 2008, or otherwise start counting from 2012), and the length of such super-cycle stagnation phases can conceivably roll on for far longer than that.

The Urban Investments Partnership Conference, co-hosted by the Departments of Cooperative Governance and the Department of Finance was held today at the Gallagher Convention Centre in Midrand, Johannesburg.

Department of public works spends over R3bn a year leasing office space in privately owned buildings on behalf of national government departments.

While the recently announced national budget provides policy certainty, greater emphasis is required on implementing this policy to positively impact South African society and our economy.

Monday, 03 March 2014 11:55

Government attacks property industry

The South African Property Owners Association has expressed its dismay at comments made by Finance Minister Pravin Gordhan about the commercial property sector during his budget speech last Wednesday.

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