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Five former officials in the Stellenbosch municipality have been arrested for alleged fraud relating to tenders.

SA Reserve Bank governor Gill Marcus has urged Parliament to fast-track a bill that seeks to rein in rogue shareholders accused of trying to undermine the banks independence.

Merging the Gauteng Economic Development Agency, Blue IQ, the Gambling Board and other agencies will save the province more than R100m.

President Jacob Zuma has warned that the global economic recession and sovereign debt problems in some countries may lead to further layoffs in SA.

Sars clarified a statement made by Minister Pravin Gordhan, saying when he told MPs that all people receiving employment income need to register for tax, he did not really mean it.

Public sector workers are suffering financially and their housing allowances and medical aid contributions need to be reviewed urgently, worker representatives say.

The National Planning Commission should not pander to government or be afraid to challenge it, says President Jacob Zuma.

Finance Minister Pravin Gordhan has called for an end to excessive executive pay packages, including at South Africas cash-strapped parastatals.

Finance Minister Pravin Gordhan has confirmed last years revenue was about R8bn more than expected and warned SA to take heed from Greeces debt woes.

Its very unlikely that the Reserve Bank will lower rates this week, but a cut in the third quarter has not been ruled out.

The labour department tries to stem unemployment as Stats SA says 171 000 jobs were lost in the first three months of this year.

Finance Minister, Pravin Gordhan says that capital flows from carry trades do not benefit the continent and can often result in strong and uncompetitive currencies.

The economic recovery probably wont last long and the next three to five years may be tough, reckons strategist Clem Sunter.

Previously withdrawn land expropriation legislation will be reintroduced to parliament next year, according to Minister of Public Works Geoff Doidge.

The level of debt stress may be easing, says the National Credit Regulator.

A more open trade policy will encourage entrepreneurship and help Africa catch up with the rest of the world, say World Economic Forum delegates.

The price of petrol is heading north again with one economist believing it could go as high as R9 per litre owing to the global economy recovery.

The government wants a complete audit of the countrys state and private land, Rural Development and Land Reform Deputy Minister Joe Phaahla says.

SA recorded a surprise trade surplus of R457.8m for its trade with non-Southern African Customs Union trading partners in March, according to Customs & Excise figures.

Minimum levels of facilitation may be set for SA mining companies to provide financial aid for black partners in empowerment deals.