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Banks, BASA, Treasury agree to curb irresponsible lending

Banks, BASA, Treasury agree to curb irresponsible lending

Representatives of major retail banks, the Banking Association of South Africa (BASA) and the National Treasury have signed an agreement aimed at improving responsible lending and preventing households from being…

Unemployment rate rises

Unemployment rate rises

South Africa’s unemployment rate had increased from 24.9% to 25.5% in the third quarter of 2012, said Statistics South Africa (Stats SA) on Thursday. Releasing the third Quarter Labour Force…

Wrong to believe inequality has widened since 1994 – Zuma

Wrong to believe inequality has widened since 1994 – Zuma

President Jacob Zuma said it was wrong and scientifically not true that the gap between the rich and poor had widened since 1994, and that this amounted to an attack…

Davies: B-BBEE an imperative for SA

Davies: B-BBEE an imperative for SA

Broad-Based Black Economy Empowerment (B-BBEE) will continue to be regarded as an imperative in South Africa, says Trade and Industry Minister Rob Davies. Addressing the New Age Business Briefing in…

Cabinet welcomes plan to protect economy

Cabinet welcomes plan to protect economy

Cabinet has welcomed the key elements of the package agreed upon with the NEDLAC constituencies to respond to the economic challenges facing the country. The package, which was agreed upon…

Gordhan: SA’s sound institutional framework will steady country

Gordhan: SA’s sound institutional framework will steady country

South Africa’s sound institutional framework, built on the foundation of the Constitution, will hold the country in good stead as it faces uncertainty at home and abroad, the Minister of…

Gordhan proposes measures to help state spend smarter

Gordhan proposes measures to help state spend smarter

Finance minister Pravin Gordhan detailed several initiatives to reign in the widening deficit and improve the impact of spending by, among other things, investing the balance of resource allocation in…

MPs welcome Gordhan’s measures to contain debt

MPs welcome Gordhan’s measures to contain debt

MPs have welcomed the Minister of Finance Pravin Gordhan’s measures to clamp down on public debt, following his tabling of the Medium Term Budget Policy Statement in the National Assembly…

Growth in SADC region holds opportunities for SA business

Growth in SADC region holds opportunities for SA business

With the continued gloomy outlook in Eurozone countries and a slow down in growth in a number of developing economies, a rapidly growing Sub-Saharan Africa holds clear opportunities for South…

Gordhan: Depts must seek greater value for money

Gordhan: Depts must seek greater value for money

Departments will have to consolidate programmes and activities, and seek greater value for money from what is available in the Fiscus, the Minister of Finance Pravin Gordhan said yesterday. Presenting…

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