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NHLANHLA NENE NEWS ON FASTMOVING

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Allan Gray banking on Nene’s experience

Allan Gray banking on Nene’s experience

19/04/2016 - 10:36
Johannesburg - Asset management group Allan Gray has appointed former finance minister Nhlanhla Nene as a non-executive director, hoping to tap his strategic and leadership skills, it said on Monday (18 April). read more
Zuma lied – there is no BRICS Bank job for Nene

Zuma lied – there is no BRICS Bank job for Nene

12/04/2016 - 14:48
Four months after being unceremoniously fired from the finance ministry, former minister Nhlanhla Nene has moved on – and taken a job in the private sector. read more
Investors fear the next ‘Nene’ crisis at Treasury

Investors fear the next ‘Nene’ crisis at Treasury

08/04/2016 - 09:24
Cape Town - The government will announce in the next few weeks if it will replace Lungisa Fuzile as head of the National Treasury when his five-year contract ends in May, a move that could prolong months of investor unease over the management of the nation’s finances.  read more
S&P cuts SA growth forecast

S&P cuts SA growth forecast

07/04/2016 - 11:52
Johannesburg - Standard & Poor’s halved its 2016 growth forecast for South Africa as it warned that pressure on the nation’s credit rating comes mainly from a slow economic expansion. read more
Guptas: We never ever met with Mcebisi Jonas

Guptas: We never ever met with Mcebisi Jonas

11/03/2016 - 09:56
Cape Town - The Guptas have denied that any family member ever met with Deputy Finance Minister Mcebisi Jonas, following reports that he was offered Nhlanhla Nene's job weeks before 9/12. read more
Rand at strongest levels since December

Rand at strongest levels since December

18/02/2016 - 15:02
The South African rand continues its recovery from record lows against the dollar in January, following talk that the Reserve Bank may hike interest rates again. read more
SA's private sector activity still negative - PMI

SA's private sector activity still negative - PMI

04/02/2016 - 09:56
Johannesburg - Activity in South Africa’s private sector remained in decline at the start of 2016, a survey showed on Wednesday, with employment, new orders and output all falling since December. read more
Rand begins to slide again

Rand begins to slide again

03/02/2016 - 10:28
The rand lost further ground against the US dollar on Tuesday, after a move by the Reserve Bank to temper the local unit’s volatility. read more
Why Moody’s cut SA outlook

Why Moody’s cut SA outlook

17/12/2015 - 12:10
New York - South Africa’s credit-rating outlook was cut to negative by Moody’s Investors Service, which said the country faces a prolonged period of slow growth and increasing political pressures. read more
The DA wants to open parliament a month early to sack Zuma

The DA wants to open parliament a month early to sack Zuma

15/12/2015 - 09:39
The Democratic Alliance (DA) says it wants to have parliament opened in January, a month ahead of schedule, to push through a vote of no confidence in President Jacob Zuma. read more
Rand crashes after Zuma fires Nene

Rand crashes after Zuma fires Nene

10/12/2015 - 13:58
The rand crashed through the R15/$ level on Wednesday night after President Jacob Zuma fired Finance Minister Nhlanhla Nene and installed a relative unknown, David van Rooyen in the key portfolio. read more
Nene: We're bracing ourselves for the worst

Nene: We're bracing ourselves for the worst

16/11/2015 - 08:58
South Africa's drought could have a "serious impact" on food prices and ultimately knock growth, employment and revenues in the continent's most advanced economy, Finance Minister Nhlanhla Nene said on Saturday. read more
Post-apartheid disenchantment fuels student riots

Post-apartheid disenchantment fuels student riots

23/10/2015 - 09:54
Johannesburg - The biggest protests by South African university students in the post-apartheid era were fuelled by mounting anger over the widespread poverty and inequality that persists since the elections in 1994. read more
What you need to know about the budget

What you need to know about the budget

22/10/2015 - 09:40
Finance Minister Nhlanhla Nene has not strayed much from the more austere fiscal path adopted last year and his Medium Term Budget Policy Statement (MTBPS) tabled in parliament on Wednesday did not contain any big surprises. read more
Budget reactions: Nene fails to surprise

Budget reactions: Nene fails to surprise

22/10/2015 - 09:14
* The continued delinquency within Parliament threatens the institutionalism of a critical democratic institution. read more
SA seen in 7-year slouch as IMF cuts growth view

SA seen in 7-year slouch as IMF cuts growth view

13/10/2015 - 09:12
Johannesburg - If economic growth in South Africa this year is bad news, 2016 is set to be even worse, according to the International Monetary Fund (IMF). read more
No to extra tax

No to extra tax

14/08/2015 - 08:15
Cape Town - South Africa should not consider additional tax instruments, such as a windfall tax for the country's mining sector, a commission set up to look into taxes in Africa's most advanced economy said in a report published on Thursday.  read more
SA must increase taxes on rich, says OECD

SA must increase taxes on rich, says OECD

20/07/2015 - 08:55
The government should increase taxes on wealthier individuals to help boost revenue needed for the nation’s growing demands, the Organisation for Economic Co-operation and Development recommended. read more
Online tax laws holding SA companies back

Online tax laws holding SA companies back

13/05/2015 - 10:43
South African companies are unable to compete with multinationals selling goods and services online in the country, partly because of tax laws. read more
Nene says revenue growth ‘remains resilient’

Nene says revenue growth ‘remains resilient’

10/04/2015 - 09:08
The South African Revenue Service (SARS) has collected R986.4bn in tax revenue in the 2014-15 financial year, which ended on March 31, supported by growth in personal income tax revenue. read more
Nene lays economic problems at SA’s door

Nene lays economic problems at SA’s door

18/03/2015 - 10:24
Finance Minister Nhlanhla Nene delivered a brutally honest message on the economy to the African National Congress lekgotla in January, acknowledging that, in part, the government was responsible for eroding SA’s economic growth potential. read more
Government budget plan won’t pull Eskom from crisis

Government budget plan won’t pull Eskom from crisis

02/03/2015 - 12:49
Multiple experts and commentators, including energy expert Chris Yelland, say that government’s budget plans for Eskom have done nothing to fix the fundamental management and operational issues that are keeping the power utility in its current state of crisis. read more
Nedbank urges Nene to restore investor confidence

Nedbank urges Nene to restore investor confidence

18/02/2015 - 08:46
Finance Minister Nhlanhla Nene has to use the budget speech next week to restore investor confidence at a time when much of government’s policy proposals seem be "more populist than business friendly". read more
Tax hikes ‘will hurt cash-strapped consumers’

Tax hikes ‘will hurt cash-strapped consumers’

13/02/2015 - 10:56
Any significant tax changes, such as an increase in personal income taxes, will make consumers more financially vulnerable, University of SA’s Bureau of Market Research (BMR) economist Jacolize Meiring says. read more
Global focus on SA policies

Global focus on SA policies

26/01/2015 - 09:51
Davos - This has been my eleventh consecutive visit to the World Economic Forum’s annual meeting. During that time, South Africa has moved from zero to hero and, this year, back to zero. read more
Economic year ahead: Local and global demand may help grow economy

Economic year ahead: Local and global demand may help grow economy

07/01/2015 - 10:12
The economy looks set to grow faster this year than it did last year, supported by an improvement in local and global demand as well as exports. Nevertheless, it is likely to make strides only in the second half. read more
Eskom issues power warning

Eskom issues power warning

30/10/2014 - 09:26
South Africa’s power supply is “severely constrained” and will remain so for the rest of the week because of technical problems, state-run power company, Eskom said on Wednesday. read more
Dissatisfaction with medium-term budget

Dissatisfaction with medium-term budget

30/10/2014 - 09:15
Parliament’s two finance committees intend to interrogate the Treasury’s fiscal plans more thoroughly than has been the case in the past. read more
Plastic bag levy adds R1.1bn to govt coffers

Plastic bag levy adds R1.1bn to govt coffers

29/10/2014 - 10:02
Cape Town - The total quantum of funds, which have been collected since the introduction of the plastic bag levy scheme in 2003 up to August this year, is R1.1bn, Finance Minister Nhlanhla Nene has told parliament. read more
Nene outlines plans to stop SA’s economic slide

Nene outlines plans to stop SA’s economic slide

23/10/2014 - 10:33
Finance Minister Nhlanhla Nene on Wednesday announced firm measures to check South Africa’s worsening debt outlook, warning that the country has reached an economic turning point. read more
Everyone responsible for growing economy, says Nene

Everyone responsible for growing economy, says Nene

06/08/2014 - 12:41
Government alone will not resolve South Africa’s economic ills, Finance Minister Nhlanhla Nene said, urging everyone in the country to get involved. read more