Tag Archive | National Treasury

Anti-competitive firms to be restricted from state procurement

The Office of the Chief Procurement Officer will extend its fight against fraud and corruption to cover the private sector, Finance Minister Malusi Gigaba said on Wednesday. Tabling the Medium Term Budget Speech in Parliament on Wednesday, the Minister said: β€œThe fight against fraud, corruption and abuse of supply chain management system is being extended […]

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BUSA pledges support for economic transformation

Arising out of the engagement in Nedlac to address the impact of the credit ratings downgrade on the country, Business Unity South Africa (BUSA) today hosted a meeting with the Minister of Finance, Malusi Gigaba and the Deputy Minister Sfiso Buthelezi. On the agenda were issues such as the impact of the recent downgrade in […]

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Posted in Business, Prefferential Procurement0 Comments

Treasury signs Law to postpone annuitisation of provident funds

According to a statement from the National Treasury, President Jacob Zuma has signed the Revenue Laws Amendment Act into law to postpone annuitisation for provident funds. The new act affects provident fund members only, by delaying both the requirement for them to purchase an annuity at retirement and the ability to transfer accumulated retirement savings […]

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