South Africa’s national budget day has been confirmed for 21 February at 14:00, according a statement by the National Treasury on Wednesday. Finance Minister Enoch Godongwana will "announce... 

South Africa’s national budget day is currently scheduled for 21 February, according to National Treasury, which added that the date still needed final confirmations. This year’s event will be... 

South Africa’s National Treasury is considering withdrawing as much as half of the R497-billion of contingency reserves held by the central bank to help reduce the government’s debt load or fund... 

This year’s Conference of the Parties to the United Nations Framework Convention on Climate Change, referred to globally as COP 28 and being held from November 30 to December 12 in Dubai in the... 

The Gauteng provincial government (GPG) will table a “concrete proposal” to national government by December 15 outlining plans to pay off the province’s portion of the long-contested e-tolls debt... 

The South  African government, which is being forced to sell ever more debt than planned because it’s spending more than it makes, is unlikely to reverse this spiral any time soon - especially not... 

Business noted on Thursday that while Finance Minister Enoch Godongwana outlined government’s strategy to avoid a full-blown fiscal crisis and systemic risks to the economy, it is concerned that... 

Treasury has been forced to make painful revisions to the latest Medium-Term Budget Policy Statement, which updates government’s spending plans over the next three years, after its expectations in... 

The National Treasury has confirmed that a total of 67 municipalities, which collectively owe Eskom R56.8-billion, or 97% of the municipal arrears debt of over R58-billion owed to the utility at... 

The National Treasury has confirmed that there is no immediate plan for a review of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which some economists have argued should be... 

Finance Minister Enoch Godongwana has not “closed the door” on Transnet’s move to secure a reported R100-billion in balance-sheet support to assist with its recently released turnaround plan.... 

Finance Minister Enoch Godongwana confirmed on Wednesday that government intended implementing tax and expenditure measures to support the domestic automotive sector’s transition to new energy... 

Ahead of Finance Minister Enoch Godongwana’s November 1 Medium Term Budget Policy Statement (MTBPS), policy think tank the Centre for Development and Enterprise (CDE) has set out what it thinks... 

Following on the heels of the Springbok’s fourth Rugby World Cup win, Business Leadership South Africa (BLSA) CEO Busi Mavuso has said the Medium-Term Budget Policy Statement (MTBPS), set to be... 

South African Finance Minister Enoch Godongwana is in a bind as he reworks the nation’s budget in the face of lower-than-expected tax revenue and pressure from the ruling party to bolster... 

The Energy One Stop Shop (EOSS), officially launched by Trade, Industry and Competition Minister Ebrahim Patel on July 27, is in the ramp-up phase of a four-stage process aimed at fast-tracking the... 

University of the Free State Chancellor, Johannesburg Business School Professor of Practice, Bidvest Group and SBV Services chairperson and World Economic Forum Community of Chairpersons member... 

The South African Institution of Civil Engineering (Saice) suggests an alternative solution that will assist the National Treasury as it grapples with the country’s constrained fiscus. In a letter... 

Having realised the potential of particularly solar energy in the renewable-energy sector, independent investment and advisory firm Bravura aims to implement additional in-house capabilities to... 

State-owned power utility Eskom in July said it was pleased with the Johannesburg High Court judgment dismissing with costs, the interdict application by green energy supplier G7 Renewable Energies... 

After the successful commissioning of State-owned power utility Eskom’s third microgrid, at the Swartkop dam, in the Northern Cape, the company aims to launch its next two microgrids at Nomalengena... 

The Road Freight and Logistics Industry Bargaining Council (NBCRFLI) parties have agreed to extend the main collective agreement for another year, starting from March 1, 2024, until February 28,... 

Finance Minister Enoch Godongwana has appointed Naheem Ebrahim Essop as a deputy pension funds adjudicator. The appointment is for a term of three years and is effective from the date of assumption... 

To support the growth of mid-market companies in sub–Saharan Africa, World Bank Group subsidiary the International Finance Corporation (IFC) on July 24 announced an equity investment of $25-million... 

The United States Agency for International Development (USAID) announced last month that it has committed $3-million to the African Water Facility (AWF). The funding will support the preparation of... 

Africa’s already limited water infrastructure will likely face increased strain as multiple countries experience rapid urbanisation, says market research company Frost & Sullivan Africa consultant... 

London-headquartered investment company Mainbridge has issued an $800-million Africa-related bond offering on the Frankfurt Stock Exchange (FSE). The bond is structured to appeal to long-term... 

The cement and concrete industry is stagnant and the only avenue for rejuvenation is the implementation of some of the infrastructure projects for which government has allocated over R900-billion,... 

The question of whether engineering, procurement and construction (EPC) or engineering, procurement and construction management (EPCM) is a preferred or advisable contracting strategy in the South... 

The Gauteng Provincial Treasury on Tuesday tabled a budget of just over R818-million for the 2023/24 financial year, which it aims to use to ensure effective and efficient financial management in... 

Zimbabwe President Emmerson Mnangagwa has promised development partners and creditors that his government will implement reforms necessary for resolving the country’s nearly $8.3-billion debt and... 

Agriculture, Land Reform and Rural Development Minister Thoko Didiza has tabled, in Parliament, a R17.2-billion for her department in the 2023/24 financial year, including transfers to provincial... 

The Gauteng Provincial Treasury (GPT) has appointed ten technical advisers to be deployed across various municipalities to enhance the financial management capacity in local government. Forming... 

Following the announcement that there will be no tax increase for the sugar industry in the 2023/24 and 2024/25 financial years, announced by Finance Minister Enoch Godongwana during his 2023... 

Despite the Covid-19 pandemic creating a “perfect storm” for African countries with rising interest rates and an increase in the risk of sovereign default, the continent’s leadership generally has...