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News24Wire

Sars shortfall to blame for VAT hike – Treasury

29th August 2018 Treasury would not have needed to increase value added tax by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (Sars), deputy director general at National Treasury Ismail Momoniat told the Nugent Commission of Inquiry on Wednesday.... 

Water supply gradually being restored to Joburg after suspected sabotage

29th August 2018 Johannesburg residents breathed a collective sigh of relief as the water supply started gradually returning to their homes and businesses on Wednesday morning. Nico de Jager, member of the mayoral committee for environment and infrastructure services, on Wednesday urged residents to be patient as... 

Johannesburg Water races to deliver emergency measures after fire at Eikenhoff pump station

28th August 2018 Johannesburg Water has placed water tankers at strategic locations across the city to assist residents after a power outage caused by a fire at the Eikenhoff pump station resulted in large parts of Johannesburg being without water. The fire, which happened on Monday night, affected the pump... 

Treasury has hard choices to make, says VAT panel chair

27th August 2018 The value added tax (VAT) panel made an input to the process to decide on zero-rated items and it will be up to National Treasury to make the hard choices, according to chair of the VAT panel Professor Ingrid Woolard. The VAT panel will present its report to the Standing Committee on Finance on... 

Mcebisi Jonas to take stand in State capture inquiry

24th August 2018 Former deputy finance minister Mcebisi Jonas is expected to address the commission of inquiry into State capture on Friday. Jonas claimed that the Gupta family offered him an initial R600 000 cash, and then R600-million to be given later, if he accepted the job of finance minister. He was... 

Eskom execs grilled on tender processes

22nd August 2018 Members of Parliament wasted no time in trying to get to the bottom of questionable contracts at Eskom on Wednesday, however executives at the power utility seemed less prepared - fumbling answers and even requesting time to regroup. The Standing on Public Accounts (Scopa) was being briefed by... 

National minimum wage bill clears parliamentary passage

22nd August 2018 The National Minimum Wage Bill was approved by the National Council of Provinces on Tuesday and will now go to President Cyril Ramaphosa to be signed into law. The adoption of the bill, along with enabling the Basic Conditions of Employment Amendment bill, was welcomed by the Congress of South... 

AgriSA meeting with the ANC "successful"

21st August 2018 AgriSA president Dan Kriek met President Cyril Ramaphosa in Cape Town on Tuesday, while the organisation's CEO, Omri van Zyl, held talks with Deputy President David Mabuza in Johannesburg. The meetings were part of two separate consultation processes: Kriek met Ramaphosa as part of the... 

Set up special tribunal for officials abusing tender system – State capture inquiry witness

21st August 2018 The government's procurement system is intentionally not followed in at least 50% of all tenders, chief procurement officer Willie Mathebula told the commission of inquiry into allegations of State capture on Tuesday. Mathebula has proposed a special tribunal to deal with those who transgress and... 

Treasury slams excess cash on NSFAS books

21st August 2018 The National Student Financial Aid Scheme (NSFAS) had R153.8-million more cash left than projected at the end of the 2017/18 financial year, it has emerged. Speaking to Parliament's Standing Committee on Appropriations on Tuesday, Treasury’s deputy director general Dr Mampho Modise explained that... 

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