Displaying items by tag: national treasury

Higher Education and Training Minister, Dr Blade Nzimande, says the department and universities have reached another fee compact to ensure fee increases for the 2021 academic year are kept at affordable levels.

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Higher Education and Training Minister, Dr Blade Nzimande, says the department is not in a financial position to be able to support institutions to clear all the debt of fee-paying students.

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Higher Education and Training Minister, Dr Blade Nzimande, says the National Student Financial Aid Scheme (NSFAS) has been unable to finalise funding for new university students, as the scheme is facing a funding shortfall for 2021.

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Wednesday, 24 June 2020 11:54

Economy expected to contract by 7.2% this year

Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.

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Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.

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Government has announced a massive social relief and economic support package of R500 billion which amounts to around 10% of Gross Domestic Product (GDP) to mitigate against the blow of COVID-19 in the country.

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Tuesday, 14 April 2020 19:37

Government mulls COVID-19 funding models

Government, through National Treasury, is exploring all funding avenues to finance all COVID-19 related programmes and measures aimed at addressing the pandemic.

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Wednesday, 26 February 2020 19:59

Government sets aside R16.4bn for SAA

Government has set aside R16.4 billion to repay guaranteed debt for the struggling airline SAA, the National Treasury said on Wednesday.

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Wednesday, 26 February 2020 19:17

Sin Taxes increase

Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.

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Public Enterprises Minister Pravin Gordhan says a special bill on Eskom -- aimed at finding a roadmap of the power utility’s recovery -- is currently being drafted. 

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