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We’re recapturing state-owned companies (and fixing Sars) - Minister Nene

22 May 2018 6:21 PM
Tags:
Finance Minister Nhlanhla Nene
Nhlanhla Nene
State owned Enterprises
SARS
Budget
South African Revenue Service
SOEs
Treasury
finance minister
soe
state-owned enterprises
The Money Show’s Bruce Whitfield interviews Finance Minister Nhlanhla Nene, who tabled Treasury’s budget in Parliament on Tuesday.
A screengrab of Finance Minister Nhlanhla Nene tabling his department budget in Parliament on 22 May 2018.

The number of initiatives - and structural reforms - are beginning to bear fruit… We’re looking closer to 2% [GDP growth]…

Nhlanhla Nene, Finance Minister

There’s always a lag in that [tax collection] space… Sars needs to beef up its administrative capacity… We’re sitting down with the leadership at Sars…

Nhlanhla Nene, Finance Minister

Treasury is working hard to recapture state-owned entities, and to help restore public confidence in government institutions, including the South African Revenue Service (Sars).

So said Finance Minister Nhlanhla Nene on Tuesday while tabling his department’s budget in Parliament.

Economic growth is likely to exceed projections made in February, said Minister Nene.

The Money Show’s Bruce Whitfield interviewed Nene.

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:


22 May 2018 6:21 PM
Tags:
Finance Minister Nhlanhla Nene
Nhlanhla Nene
State owned Enterprises
SARS
Budget
South African Revenue Service
SOEs
Treasury
finance minister
soe
state-owned enterprises

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