National Assembly passes Division of Revenue Bill - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Deputy Minister of Finance Mondli Gungubele says they had to made cuts in this year’s budget to fund other projects in order to stimulate the economy.

Gungubele says the amounts allocated to the three spheres of government have been growing faster than inflation.Gungubele says although the country is emerging from a long period of stagnant growth, it is however determined to revive the economy as soon as possible.

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No quorum in National Assembly for vote on crucial finance billThe Financial Matters Amendment Bill was one vote short after most of the Democratic Alliance was absent from the National Assembly
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Draft bill aims to police insurance industry in dealings with publicFairness to both consumers and institutions sought as integral part of the law
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