Contingent liabilities, which are mainly guarantees to State-owned companies (SOCs) are projected to reach R979.9-billion on March 31, 2020. According to Finance Minister Tito Mboweni, who tabled... 

A total of R157-million has been committed to projects within South Africa’s Jobs Fund in this year’s National Budget, which was delivered by Finance Minister Tito Mboweni on Wednesday. However,... 

Finance Minister Tito Mboweni on Wednesday announced the formation of the South African Sovereign Wealth Fund, which would target a capital amount of about R30-billion. Given the legal,... 

Finance Minister Tito Mboweni stuck doggedly to the expenditure-reduction framework first outlined in October, announcing cuts of R156-billion relative to the 2019 Budget baseline for the coming... 

Strengthening the South African Revenue Service will remain one of government’s top priorities for this year. Finance Minister Tito Mboweni emphasised that building a capable State that serves... 

Finance Minister Tito Mboweni announced on Wednesday that R16.4-billion would be allocated to South African Airways over the medium term to “repay the airline’s guaranteed debt and to cover... 

With a weak economic outlook characterised by a real gross domestic product that is expected to grow at 0.9% in 2020, 1.3% in 2021 and 1.6% in 2022, South Africa is in dire need of far-reaching... 

The Congress of South African Trade Unions (Cosatu) has threatened to strike and "collapse" the public service if government does not honour the current public service wage agreement, Cosatu... 

South African public sector union the National Education, Health and Allied Workers' Union (Nehawu) said on Wednesday that the government wanted to review a three-year wage deal with public sector... 

In what has been the longest economic downturn for the country since 1945, it has become necessary for government to consider alternative strategies and change various policies to allow business to... 

Taking South Africa’s weak fiscal position and the scrutiny of ratings agencies into account, along with the country’s deteriorating economic outlook and the negative impact thereof on revenue... 

The 2020 State of the Nation Address (SoNA) came at “a crucial time” for South Africa, which is faced with a stagnated economy defined by challenges such as lack of capacity in State-owned... 

The mining and metals and engineering sectors have mostly welcomed President Cyril Ramaphosa’s plans around energy and infrastructure, following his State of the Nation Address (SoNA) on Thursday... 

This year, the South African Mint (SA Mint) will commemorate the Chinese horoscope’s sentiment for 2020, aligning the designs of some of its prized collectable coins with “The Year of the Metal... 

Finance minister Tito Mboweni has asked South Africans to send him their ideas on how to grow the country's ailing economy.  Mboweni will deliver the 2020 national budget speech on February 26 and... 

The Gauteng Provincial Government (GPG) has revised its expenditure for the 2019/20 financial year ending March 31, 2020, upwards by R443-million, increasing the yearly provincial budget to... 

With the capital cost of the Lake Charles Chemicals Project (LCCP) in May forecasted as $12.9-billion, as opposed to the initial $12.6-billion forecast in February, Petrochemical producer Sasol’s... 

Further tax hikes will not be helpful in raising revenue, as intended, the Financial Fiscal Commission warned. The commission, which is a constitutional body that advises all organs of state on... 

After spending almost three-quarters of a billion rand on the three parliamentary villages, its upkeep and transport the past 10 years, the Department of Public Works is planning another project,... 

Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the deterioration in South Africa’s public finances, what Tito Mboweni said in his Medium-Term Budget Policy... 

Cannon Asset Managers founder and CEO Dr Adrian Saville believes the upcoming Medium-Term Budget Policy Statement (MTBPS) might be the most important one for South Africa yet. With a resurgence... 

The Gauteng departments of Health, Education and Infrastructure Development have driven the Gauteng Provincial Government’s collective 97% spend of its total adjusted budget for the 2018/19... 

Minister of Finance Tito Mboweni will this year present his Medium-Term Budget Policy Statement on October 30, about a week later than is the norm.  National Treasury and the chairperson of the... 

The business rescue practitioners (BRPs) for embattled construction company Group Five Construction (G5 Construction), Dave Lake and Peter van den Steen, have released the business rescue plans for... 

President Cyril Ramaphosa said on Tuesday that, while South Africa has come a long way 25 years into democracy, there have been crucial policy missteps, and he admitted that government has, at... 

Black Business Council (BBC) CEO Kganki Matabane on Thursday welcomed the South African Reserve Bank (SARB) Monetary Policy Committee’s decision to cut the repo rate by 25 basis points to 6.5% from... 

The Black Business Council (BBC) has welcomed the announcement that R40-billion in financial support will be made available for the Black Industrialists Programme over five years. “To enhance the... 

Newly appointed Environment, Forestry and Fisheries Minister Barbara Creecy delivered her R7.5-billion budget vote statement in the National Assembly on Thursday, emphasising the socioeconomic... 

The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross... 

One cannot develop South Africa with a blanket approach, without consultation and discussion and these interactions should not be confined to the election season only, Inkatha Freedom Party MP... 

Despite the concerns of Finance Minister Tito Mboweni, South Africa’s 2019 budget saw a real-terms increase in Government spending. Gross national debt will increase to about 60% in the financial... 

The world is in an era of populism and nationalism, marked by the rapid rise of politicians echoing the message of a “selfish” State, effectively making the geopolitical landscape a treacherous... 

If the fiscus continues on its current trajectory, South Africa will run out of money by 2042, members of Parliament have heard. The Standing Committee on Finance held public hearings on the Budget... 

Cova Advisory on Friday said the 2019 Budget, presented by Finance Minister Tito Mboweni on Wednesday, was “disappointing” with regard to support for manufacturing, with the manufacturing... 

Although the temporary employment sector has been under pressure over some years it has now reached a level they are regarded as legitimate for sectors in an open economy.  The industry continues...