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Budget

Gauteng tables R493bn budget to support social services, township economy, energy crisis
9th March 2023 By: Natasha Odendaal

The largest share of Gauteng’s R493.4-billion over the medium-term expenditure framework (MTEF) is set to support social services, the township economy, job creation and the energy crisis, said... 


Business Unity South Africa CEO Cas Coovadia
Govt not working enough with private sector to address challenges
27th February 2023 By: Darren Parker

There has been insufficient meaningful interaction between government and the private sector, which has contributed significantly to the economic hardship that South Africa currently faces,... 


image of Econometrix director and chief economist Dr Azar Jammine
Business resiliency the reason South Africa’s economy is persevering – Jammine
24th February 2023 By: Donna Slater

Despite South Africa’s economy being “not a great environment” currently, economic consultancy Econometrix director and chief economist Dr Azar Jammine said South African business has shown typical... 


Business Leadership South Africa CEO Busi Mavuso
Mavuso, Ackerman question efficacy of ‘Mafia State’ to turn the economy around
23rd February 2023 By: Marleny Arnoldi

Realistically, South Africa will not see meaningful gross domestic product (GDP) growth within the next five years, Citadel Investment Services advisory partner and chief economist Maarten Ackerman... 


Solar panels being installed
Godongwana receives praise for energy incentives, but rising debt a concern
23rd February 2023 By: Schalk Burger

In response to the Budget Speech delivered by Finance Minister Enoch Godongwana on February 22, a number of organisation have lauded the incentives that were announced to help businesses and... 


Image of Finance Minister Enoch Godongwana
Mixed reactions to Godongwana’s Budget speech
23rd February 2023 By: Sane Dhlamini

Democratic Alliance Shadow Minister of Finance Dion George has criticised Finance Minister Enoch Godongwana’s Budget speech as a “missed opportunity” for failing to announce sound structural... 


Photo of Terence Creamer
Godongwana announces R254bn Eskom debt-relief package, with terms and conditions
22nd February 2023 By: Creamer Media Reporter

Engineering News editor Terence Creamer gives an overview of the 2023 Budget delivered by Finance Minister Enoch Godongwana, including the announcement of a R254-billion Eskom debt-relief package... 


A water tap
Water projects take centre stage in govt’s planned infrastructure spend
22nd February 2023 By: Marleny Arnoldi

The National Budget facility for infrastructure has approved municipal water infrastructure projects to the value of R3.7-billion. These projects are ready for implementation once the 2023... 


Soda cans
No increase in sugar tax for now
22nd February 2023 By: Marleny Arnoldi

Following heavy lobbying from industry bodies the Sugar Association of South Africa and South African Cane Crowers’ Association, government has decided to not increase the Health Promotion Levy... 


Petrol pumps
Carbon fuel levy for 2023/24 increases by 1c
22nd February 2023 By: Marleny Arnoldi

In line with the carbon tax increase that become effective on January 1, 2023, from R144/t to R159/t of carbon dioxide equivalent, the carbon fuel levy for 2023/24 will increase by 1c to 10c/l for... 


R&D business incentive to be extended by ten years
22nd February 2023 By: Marleny Arnoldi

Over the past three years, government has focused on measures to protect the tax base and reforms aimed at improving equity, efficiency, certainty and simplicity. Following a recent review of tax... 


TFR's operations
Sanral, Transnet, Denel among SOEs to receive fiscal support in 2023/24
22nd February 2023 By: Marleny Arnoldi

As State-owned entities (SOEs) continue to rely on government bailouts and dominate the guarantee portfolio of the fiscus, Finance Minister Enoch Godongwana has announced conditional in-year... 


Finance Minister Enoch Godongwana
Conditions linked to R254bn Eskom debt relief may lead to concessioning of coal plants
22nd February 2023 By: Terence Creamer

Conditions linked to R254bn Eskom debt relief may lead to concessioning of coal plants The R254-billion Eskom debt-relief package unveiled by Finance Minister Enoch Godongwana in his 2023 Budget... 


Solar panels on a roof
Govt aims to stimulate renewables investment with R9bn in tax incentives, reworked bounce-back scheme
22nd February 2023 By: Terence Creamer

South Africa’s 2023 Budget includes tax incentives worth R9-billion to support businesses and households invest in renewable energy, including rooftop solar, in a bid to offset the impact of... 


Bakery operations
Govt extends diesel fuel levy refund to foodstuff manufacturers
22nd February 2023 By: Marleny Arnoldi

To limit the impact of the energy crisis on food prices, government has decided to extend a diesel fuel levy refund to manufacturers of foodstuffs for a period of two years, effective from April 1,... 


Govt moots ‘stricter headcount management’ amid public service wage risk
22nd February 2023 By: Marleny Arnoldi

As negotiations over the increase in public sector wages in the 2022/23 financial year continues, Finance Minister Enoch Godongwana stated in his Budget speech in February 2022 that government... 


SBI lists issues impeding economic growth ahead of Godongwana budget
21st February 2023 By: Donna Slater

Ahead of the national budget, to be tabled on February 22, the Small Business Institute (SBI) has called on Finance Minister Enoch Godongwana to support small businesses and their employees,... 


South African money notes
Professor shines a sobering light on stakeholders’ expectations of the Budget
20th February 2023 By: Marleny Arnoldi

As multiple stakeholders have stated their wishes for what needs to be addressed and accounted for in the National Budget, come February 22, Stellenbosch Business School economist Professor André... 


Business Leadership South Africa CEO Busi Mavuso
BLSA lacks faith in Budget to make any impact
20th February 2023 By: Darren Parker

Business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso has said that no matter what financial salves Finance Minister Enoch Godongwana allocates to soothe South Africa’s... 


Investec says fiscal ratio risks loom in National Budget
17th February 2023 By: Marleny Arnoldi

Ahead of Finance Minister Enoch Godongwana’s delivery of the National Budget on February 22, banking and wealth management group Investec says it expects the Budget to remain focused on fiscal... 


Salga calls for SoNA to address municipal debt recovery, energy crisis
8th February 2023 By: Darren Parker

The South African Local Government Association (Salga) has expressed hopes that President Cyril Ramaphosa will address municipal debt recovery, local government funding and the energy crisis as... 


President Cyril Ramaphosa
Outa braces for more empty promises from SoNA
8th February 2023 By: Darren Parker

Ahead of President Cyril Ramaphosa’s yearly State of the Nation Address (SoNA) on February 9, Organisation Against Tax Abuse (Outa) CEO Wayne Duvenage has warned that empty promises will only... 


Treasury says municipalities continue spending beyond their means
6th December 2022 By: Marleny Arnoldi

National Treasury says municipalities will realise operating deficits on their operating budgets for the 2022/23 financial year as the total operating expenditure increases at a higher rate than... 


etolls
Gauteng’s R12.9bn e-tolls debt repayment will not further burden citizens – Mamabolo
25th November 2022 By: Darren Parker

Gauteng Finance MEC Jacob Mamabolo has assured Gauteng residents that the repayment of R12.9-billion to settle Gauteng’s portion of e-tolls debt would not further burden citizens of the province,... 


Gauteng Finance MEC Jacob Mamabolo
Gauteng budget adjusted upwards by R2.4-billion
24th November 2022 By: Darren Parker

Gauteng’s overall budget has been increased by R2.4-billion, up from the R152.9-billion tabled on March 9 to R155.3-billion, Gauteng Finance MEC Jacob Mamabolo revealed on November 24. “The... 


Tshwane Automotive SEZ
Gauteng infrastructure budget adjusted downwards amid underspending
24th November 2022 By: Darren Parker

The budget of R12.26-billion, which was allocated this financial year for the Gauteng Provincial Government (GPG) infrastructure programme to provide additional capacity and to improve the... 


township
Township economy to replace gold mining as primary economic driver in Gauteng
24th November 2022 By: Darren Parker

With gold mining no longer the major economic driver that it once was for Gauteng, the future of the province’s economic growth lies in the development of the township economy, Gauteng Finance MEC... 


Outa questions Sanral’s claims of R43bn in GFIP debt
4th November 2022 By: Darren Parker

Nonprofit Organisation Against Tax Abuse (Outa) has called into question the truthfulness and accuracy of the South African National Roads Agency Limited’s (Sanral’s) claim on October 26 that... 


Finance Minister Enoch Godongwana
Higher revenue collections support consolidation as growth headwinds strengthen
26th October 2022 By: Terence Creamer

Better-than-expected revenue collection enabled Finance Minister Enoch Godongwana to report an improvement in government’s fiscal position relative to the one forecast in the February Budget.... 


township
R300m SMME Crisis Partnership Fund to assist township businesses
5th October 2022 By: Darren Parker

To support small-, medium-sized and microenterprises (SMMEs) in Gauteng’s townships, the Gauteng Provincial Government (GPG), the Industrial Development Corporation (IDC) and the South African SME... 


An image of Finance Minister Enoch Godongwana
Godongwana rallies financial services sector for climate resiliency efforts
15th September 2022 By: Donna Slater

In an address at the Government Employees Pension Fund’s yearly Thought Leadership Conference on September 15, Finance Minister Enoch Godongwana said the “winds of change” have started to blow... 


A row of capital equipment, or construction equipment, including graders and diggers on a construction site with the sun rise in the background
Manufacturers must increase export potential – export council
9th September 2022 By: Halima Frost

Igniting investor relations and export potential, as well as increased investment in projects, are paramount to gaining traction when trying to reignite the economy post Covid-19, stresses South... 


Magazine image
New Gauteng urban hub seeks to strike inclusivity, tech-savvy balance
26th August 2022 By: Darren Parker

The Lanseria smart city initiative, announced by President Cyril Ramaphosa in his 2020 State of the Nation Address, has steadily been gaining momentum over the past two years, despite setbacks... 


DBSA CEO Patrick Dlamini
DBSA reports record profit for the year
19th August 2022 By: Darren Parker

State-owned development finance institution Development Bank of Southern Africa (DBSA) has reported a record R3.8-billion net profit for the financial year ended March 31, showing a profitability... 


 	an image of men in protective clothes
AECI Much Asphalt to pioneer low carbon asphalt production
12th August 2022

South African chemicals group AECI Much Asphalt and carbon negative materials producer Origin Materials have launched a programme to create a novel low-carbon bitumen that is expected to create... 


An image of a chemical plant
Company expects to benefit from its diverse portfolio offering
12th August 2022 By: Mandisa Nyathi

In spite of chemical supply chain constraints, flow measurement and calibration technology company Wika expects to benefit from its diverse portfolio offering to provide quality instrumentation for... 


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