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Budget

Geordin Hill-Lewis
Cape Town calls for Budget to increase affordable housing funding to cities
18th February 2025 By: Irma Venter

The City of Cape Town says it is “eagerly awaiting” Finance Minister Enoch Godongwana’s announcement that the Budget, set to be delivered on Wednesday, will increase funding for cities to deliver... 


IMF senior resident representative Tidiane Kinda
Economists ponder fiscal consolidation, tax increases ahead of Budget speech  
17th February 2025 By: Tasneem Bulbulia

Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax... 


Silhouette of construction workers on construction site at sunset
Nedbank report shows sharpest increase in fixed investment plans since 2021
13th February 2025 By: Darren Parker

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 


Finance Minister Enoch Godongwana
PwC predicts tax revenue shortfall in upcoming budget
12th February 2025 By: Darren Parker

When Finance Minister Enoch Godongwana delivers his Budget Speech on February 19, it is expected that reported tax revenues will be about R10-billion short of initial forecasts, auditing firm PwC... 


Business Leadership South Africa CEO Busisiwe Mavuso
SoNA was a ‘display of unity’, Mavuso says
10th February 2025 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso believes Cyril Ramaphosa’s State of the Nation Address (SoNA) on February 6 was “a display of unity by the Government of National Unity... 


President Cyril Ramaphosa
CDE calls on Ramaphosa to show how GNU is enacting much-needed reforms
4th February 2025 By: Darren Parker

The Centre for Development and Enterprise (CDE) has urged President Cyril Ramaphosa to use the upcoming State of the Nation Address (SoNA) on February 6 to show how the Government of National Unity... 


SoNA can reinforce cooperation and reforms to achieve 3% growth – BLSA
3rd February 2025 By: Schalk Burger

President Cyril Ramaphosa can use his State of the Nation Address (SoNA), set to be delivered on February 6, to reinforce the fundamental commitment by different parties to find workable solutions... 


The IMF logo
IMF projects South Africa’s GDP growth will reach 1.5% this year
31st January 2025 By: Darren Parker

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome... 


Energy Webinar Speakers
South Africa moving in the right direction in transmission infrastructure rollout, but challenges remain
30th January 2025 By: Tasneem Bulbulia

South Africa’s grid transmission infrastructure is constrained, and it is critical that this be dealt with to support the country’s goal of increasing its energy supply and diversifying its energy... 


The Johannesburg skyline
Municipalities spend 22% of budget in the first quarter of the 2024/25 financial year
20th December 2024 By: Schalk Burger

The National Treasury, on December 20, published the local government revenue and expenditure report for the first quarter period from July 1 to September 30, which showed that aggregate spending... 


Image of Gauteng Finance and Economic Development MEC Lebogang Maile
E-tolls debt bites into Gauteng’s finances
26th November 2024 By: Natasha Odendaal

Hard choices are having to be made to enable the Gauteng provincial government (GPG) to meet its e-toll debt obligations. In 2022, the GPG accepted its 30% debt contribution to settle South African... 


CDE executive director Ann Bernstein
Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024 By: Darren Parker

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 


major road interchange
Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius
20th November 2024 By: Darren Parker

According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road... 


Macadamia trees
Agriculture set to benefit greatly if MTBPS sentiment is realised
31st October 2024 By: Marleny Arnoldi

Industry bodies Agri SA and the Agricultural Business Chamber of South Africa (Agbiz) agree that Finance Minister Enoch Godongwana’s Medium Term Budget Policy Statement (MTBPS) shows that... 


Finance Minister Enoch Godongwana
Business welcomes pragmatic MTBPS but maintains public service should be downsized
31st October 2024 By: Marleny Arnoldi

Business, academia and industry associations have welcomed the reforms highlighted in the 2024 Medium Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on October... 


Magazine cover image
Greater coordination needed to realise green-hydrogen aspirations
25th October 2024 By: Darren Parker

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 


Image of Gauteng Infrastructure Development and Cooperative Governance and Traditional Affairs MEC Jacob Mamabolo
Mamabolo launches digital solution to improve Gauteng’s project delivery efficiency
17th October 2024 By: Natasha Odendaal

Gauteng Infrastructure Development and Cooperative Governance and Traditional Affairs MEC Jacob Mamabolo has unveiled a new digital solution to support its already established Lutsinga... 


Public Works and Infrastructure Minister Dean Macpherson and Infrastructure South Africa acting head Mameetse Masemola
DPWI, ISA launch project preparation bid window to expand infrastructure investment
15th October 2024 By: Darren Parker

The Department of Public Works and Infrastructure (DPWI), together with government agency Infrastructure South Africa (ISA), has opened a novel project preparation bid window to invite submissions... 


Gauteng pays first GFIP e-toll instalment
30th September 2024 By: Natasha Odendaal

The Gauteng provincial government (GPG) on Monday paid the first of five equal instalments of its agreed R12.9-billion contribution to historical e-toll debt. Of the first R3.8 billion paid to... 


An image of Amith Singh
Localisation key to unlocking potential
27th September 2024 By: Lumkile Nkomfe

Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing... 


Gauteng balancing finances, as first e-tolls debt due
25th September 2024 By: Natasha Odendaal

It is a balancing act as Gauteng Provincial Treasury (GPT) works to prevent bankruptcy, pay down e-toll debt, mitigate an underperforming department, and work within a drastically reduced budget.... 


Rooivalk helicopter
Defence industry CEO calls for PPPs to fund SANDF projects
20th September 2024 By: Darren Parker

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 


Gauteng Treasury eyes public financial management improvement
1st August 2024 By: Natasha Odendaal

With less money to go around, Gauteng’s provincial government faces a balancing act in ensuring the right projects to bring about improved services are implemented. This was one of the messages... 


Tractor in field
Agri SA welcomes agri budget, but suggests more accountability with grants
19th July 2024 By: Marleny Arnoldi

Industry body Agri SA welcomes Agriculture Minister John Steenhuisen’s budget allocation dedicated to strengthening the agriculture sector, particularly through supporting smallholder farmers and... 


Mayor Geordin Hill-Lewis among local government and Nedbank officials during the signing ceremony
Cape Town gets another R3.5bn for its record infrastructure spending target to 2027
25th June 2024 By: Darren Parker

The City of Cape Town has secured a further R3.5-billion in financing towards its plans to spend a record amount on infrastructure investment over the three years to 2027. Mayor Geordin Hill-Lewis... 


A road in Africa taken from a lower angle with a yellow line painted through it and a Cats Eye reflector in the tar
Eastern Cape road projects planned
21st June 2024

The South African National Roads Agency Limited (Sanral) announced in March that it expected to inject close to R2-billion into the Dr AB Xuma local municipality, in the Eastern Cape, when it... 


Africa map
Global growth will not exceed pre-pandemic levels until 2026 at least – World Bank
11th June 2024 By: Marleny Arnoldi

The World Bank expects the global economy to stabilise for the first time in three years, but at a level that is still weak by historical standards. In its latest ‘Global Economic Prospects’... 


A person holding a stack of banknotes
Unctad outlines reforms to avoid impending global public debt crisis
5th June 2024 By: Marleny Arnoldi

Global body UN Trade and Development (Unctad) has urged action to deal with the alarming surge of global debt and proposed reforms to international finance systems to safeguard “a prosperous future... 


South Africa avoids technical recession despite challenges – Deloitte
10th May 2024 By: Sabrina Jardim

With unemployment, loadshedding and a weak economy being front-line issues in the upcoming elections, the incoming administration must drive investment and reform to restart growth, build... 


Image of Gauteng Finance MEC Jacob Mamabolo
Gauteng’s R500bn budget focuses on crime, township economy boost
5th March 2024 By: Natasha Odendaal

Gauteng’s Finance MEC Jacob Mamabolo on Tuesday tabled a provincial budget for Gauteng of R165.8-billion for the 2024/25 financial year, with a focus on fighting crime and boosting the township... 


Econometrix director and chief economist Dr Azar Jammine
Budget shows an economy treading water, not collapsing – Jammine
23rd February 2024 By: Darren Parker

Although Finance Minister Enoch Godongwana’s Budget, delivered on February 21, seemed somewhat prudent, Econometrix director and chief economist Dr Azar Jammine said there was not much in it to... 


A farm with irrigation equipment
Innovative interventions needed to turn around underperforming growth trajectory – Agbiz
22nd February 2024 By: Schalk Burger

Against the backdrop of a profoundly challenging macroeconomic environment where South Africa’s economy is expected to continue underperforming, averaging at 1.6% growth in the next three years,... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


DBSA’s new Project Vumela financing instrument to help municipalities fund bulk infrastructure investment
21st February 2024 By: Darren Parker

Development finance institution Development Bank of Southern Africa (DBSA) has introduced a new financing instrument called Project Vumela, which blends municipal revenue sources with financing... 


Coal being transported to port
Mining tax revenue down by 50.4% y/y
21st February 2024 By: Darren Parker

With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in... 


Illegal miners
Criminal Asset Recovery Fund, not fiscus, to fund SANDF’s war on illegal mining
21st February 2024 By: Darren Parker

The Portfolio Committee on Defence and Military Veterans has claimed that the deployment of the South African National Defence Force (SANDF) in support of the South African Police Service to... 


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