Displaying items by tag: tito mboweni
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.
R100 billion set aside to respond to COVID-19 jobs challenge
Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.
Businesses urged to consider employees before shutting down
With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.
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.
State wage bill to be slashed by R160bn over three years
Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.
SA readies to establish state bank
Government is ready to establish a state bank, Finance Minister Tito Mboweni said on Wednesday.
Sin Taxes increase
Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.
Tito Mboweni to table bill aimed at supporting Eskom
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.