Paul Vecchiatto

2 days ago | bloomberg.com | Paul Vecchiatto

South African Finance Minister Enoch Godongwana(Bloomberg) -- A panel of South African lawmakers backed the National Treasury’s fiscal framework, the latest signal that the annual budget will finally win approval after twice being rejected by some members of the nation’s governing coalition.

2 days ago | bloomberg.com | Paul Vecchiatto |Mpho Hlakudi

Enoch Godongwana(Bloomberg) -- South African Finance Minister Enoch Godongwana said he is waiting for a report on the country’s inflation-targeting dispensation and he hasn’t decided whether it should be adjusted. “I do not have any views at the moment,” Godongwana said in an interview in Cape Town on Wednesday. “All I do know is that there is a standing committee between ourselves and the Reserve Bank, and one of the matters they are discussing is the level of the inflation target.

3 days ago | bloomberg.com | Paul Vecchiatto

A worker handles a diesel pump at a gas station in Pretoria, South Africa. (Bloomberg) -- South Africa’s High Court dismissed a lawsuit filed by the opposition Economic Freedom Fighters party that sought to stop the government from raising fuel levies. The higher charges were proposed last month by Finance Minister Enoch Godongwana in his third attempt to present an annual budget that can secure parliamentary approval.

4 weeks ago | news.bloombergtax.com | Paul Vecchiatto

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4 weeks ago | bloomberg.com | Paul Vecchiatto

A patient holds a medication used for the treatment of HIV infection in Mbombela, South Africa. (Bloomberg) -- South Africa’s government said its HIV-AIDS treatment program is fully funded for the current financial year despite the withdrawal of support from the US, and all patients should continue to receive their medication. About 7.8 million South Africans, or almost 13% of the population, live with the virus that causes AIDS — the world’s biggest HIV epidemic.