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1-10 results from 1000 for query «finance»

21 October 2018 10:38 AM Gungubele: Rescuing VBS would send message that 'criminals can steal' and state will bail out

Deputy Finance Minister Mondli Gungubele has cautioned against a bailout of VBS Mutual Bank, saying rescuing the bank would send a message that “criminals can steal” and the state would pay, according to a Sunday Times report. Some MPs in the African National Congress (ANC) caucus have argued that government must step in to save the beleaguered bank, just as it did with African 25

18 October 2018 12:21 PM Mini budget: Treasury expected to weigh in on zero-rated items

Finance Minister Tito Mboweni is expected to make announcements in the mini budget about the progress Treasury is making on the review of zero-rated items, according to analysts. During a panel discussion ahead of the mini budget to be held on October 24, Mazars senior tax partner Bernard Sacks shared views on the VAT hike and the zero-rated items list which 63

11 October 2018 7:48 AM Mboweni steps down from Discovery board

Tito Mboweni has stepped down from the board of Discovery following his appointment as finance minister, it has been announced. Discovery [JSE:DSY] said in a brief statement on Thursday morning that Mboweni had tendered his resignation as a non-executive director from the board of the company and various subsidiaries, including Discovery Bank, with immediate 44

10 October 2018 8:58 AM Mahindra’s crossover SUV duo in SA: Stylish new XUV500 and KUV100 NXT offer more value for local SUV-seekers

Mahindra South Africa has launched its new XUV500 and KUV100 NXT locally. Both new models are being introduced with greater value coupled with, says the Indian automaker, "with attractive finance schemes". Both models offer a very affordable entry into the range at R134 999 for the KUV100 NXT and R299 999 for the XUV500. We've included full model ranges 52

09 October 2018 5:17 PM EFF welcomes Nene's resignation, calls for more minsters to follow suit

The Economic Freedom Fighters have largely welcomed the news that President Cyril Ramaphosa accepted Nhlanhla Nene's request to step down as finance minister. This, after Nene admitted during testimony at the state capture commission of inquiry last week that he had visited the controversial Gupta family six times at their Saxonwold home while he served 43

09 October 2018 11:02 AM Jonas said to decline Finance Minister post

Mcebisi Jonas declined an offer from President Cyril Ramaphosa to become finance minister in place of embattled Nhlanhla Nene, according to three people familiar with the matter. Jonas, a former deputy finance minister, was offered the post on Monday, according to the sources, who spoke on condition of anonymity because they aren’t authorised to comment 25

04 October 2018 8:08 AM Rand weakens in early trade as strong dollar keeps pressure on

The rand weakened by 0.5% against the dollar in early trade on Thursday, with analysts saying it will likely remain under pressure throughout the day. The local currency opened Thursday morning at 14.65/$ and was changing hands at 14.71/$ at 08:18. This after it lost 2% against the greenback on Wednesday due to a combination of a rise in US treasury 26

03 October 2018 9:14 AM Finance Minister met Guptas, refused Russia nuke deal

Finance Minister Nhlanhla Nene said he met repeatedly with members of the Gupta family, who have been implicated in a corruption scandal related to former President Jacob Zuma and separately, was twice pressured to sign a multi-billion Russian nuclear-power deal by former Energy Minister Tina Joemat-Pettersson. Nene made his comments in a statement accompanying 28

03 October 2018 7:31 AM Finance Minister Nhlanhla Nene to testify

Ajay Gupta has rubbished former finance minister Mcebisi Jonas' claim that he was offered the job of finance minister at the family's Saxonwold mansion. In fact, he said he wasn't there at the time of the claimed meeting and that there was someone who would be able to support his alibi. In an affidavit sent to the state capture commission of inquiry 29

03 October 2018 3:56 AM New Zim tax will 'pick-pocket the poor': MDC

Zimbabwe’s MDC party has slammed a new 2% tax on electronic transactions, which it says is meant to “pick-pocket the poor”. New Finance Minister Mthuli Ncube said on Monday the new charge was designed to expand the tax collection base. Many within Zimbabwe’s vast informal sector do not pay income tax, but the MDC said the revenue raised would be used to “fund the lifestyles 26