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Reserve Bank to continue intervention on rand

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Cape Town - Government will continue to assist the Reserve Bank to accumulate foreign exchange reserves and engage in foreign currency swaps to moderate the effect of capital inflows on the exchange rate, the Minister of Finance Pravin Gordhan revealed today.

MEC outraged by school girl's rape

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Mbombela - Mpumalanga's MEC of Safety, Security and Liaison, Vusi Shongwe, wants a task team to investigate the recent rape of an 11-year-old girl who was walking to school.

Transnet fuel pipelines take shape

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Johannesburg - Transnet is to commission the first of its multibillion rand fuel pipelines and is ready to operate some of its inland pipelines in the greater Gauteng area.

Life's little pleasures to cost more

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Pretoria - Finance Minister Pravin Gordhan has announced increases in excise duties on alcoholic beverages and tobacco products.

Gambling winnings to be taxed 15%

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Cape Town - Those who rake in gambling winnings of over R25 000, including payouts from the National Lottery, will from next year have to pay a 15 percent withholding tax, the Minister of Finance Pravin Gordhan announced in his Budget Speech on Wednesday.

Govt is doing more than enough: Young mothers

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Pretoria - It's just a pity that you cannot satisfy everyone, but for me the government is doing more than enough to take care of us. These were the words of an elated young mother, Lindiwe Makua, 22, from Mamelodi after hearing the news that the child support grant will be increased in April.

Public Works DG suspended

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Pretoria - Director General in the Department of Public Works, Siviwe Dongwana, has been placed on three months suspension, the ministry has announced.

Praise for Gordhan's budget

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Cape Town - Finance Minister Pravin Gordhan's Budget Speech was widely welcomed on Wednesday with organised business and youth formations lauding the commitment made towards skills development and employment creation for young people.

No tolls yet, but more petrol, road tax

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Pretoria - With the increases in vehicle, petrol and road tax announced by Finance Minister Pravin Gordhan earlier today, accounting and consulting firm Grant Thornton says it is a relief that Transport Minister Sibusiso Ndebele has suspended the tariffs gazetted for the tolling of Gauteng's freeways.

NAPWA welcomes NHI allocation

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Pretoria - The National Association of People Living with HIV and Aids (NAPWA) has welcomed government's budget allocation towards boosting hospital facilities that will see the phasing in of the National Health Insurance (NHI).

Political parties welcome Gordhan's budget

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Pretoria - Political parties have broadly supported Finance Minister Pravin Gordhan's Budget Speech, especially the focus on economic growth, job creation and poverty alleviation.

Scammers prey on govt service providers

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Pretoria - The Department of Mineral Resources has warned of a syndicate that is fraudulently ordering goods and services under the pretence that it is for the department.

Sexwale, youth to discuss housing

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Pretoria - Human Settlements Minister Tokyo Sexwale will meet 60 youth leaders in Johannesburg today as part of efforts to encourage increased youth involvement in human settlements development.

Mandela Bay to explain golden handshake

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Pretoria - The Nelson Mandela Bay Municipality is expected to explain its decision to give former municipal manager, Graham Richards, a golden handshake to Minister of Cooperative Governance and Traditional Affairs Minister, Sicelo Shiceka.