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Expenditure on economic development will increase at an average annual rate of 8.5% over the next few years, from R201-billion in 2021/22 to R256-billion in 2024/25, the National Treasury revealed...
Finance Minister Enoch Godongwana has announced that the National Treasury will launch a new business bounce-back scheme to support small and medium-sized enterprises (SMEs) that remain in distress...
Government has extended the first phase of South Africa’s Carbon Tax by three years to December 31, 2025, in an effort to support businesses in their clean transition endeavours. This means that...
There will be no increase in either the general fuel levy or the Road Accident Fund (RAF) levy in 2022/23. The National Treasury has, instead, turned its focus to providing an overall R5.2-billion...
Finance Minister Enoch Godongwana has reiterated his commitment to clamp down on State-owned entities (SOEs) that are draining the fiscus with bailouts. Delivering his Budget 2022 speech on...
Finance Minister Enoch Godongwana insists South Africa’s fiscal sustainability tide is turning but also signalled on Wednesday that government is considering the introduction of a new “fiscal...
Finance Minister Enoch Godongwana confirmed that Eskom will receive a further R88-billion in government support until 2025/26 and that a comprehensive debt solution was still being explored for the...
A government study is currently under way to explore alternative support for the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the National Treasury states in its...
Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the highlights of Finance Minister Enoch Godongwana's maiden Budget speech.
Ahead of Finance Minister Enoch Godongwana’s budget speech on February 23, University of Stellenbosch Business School economist Andre Roux says it would be “premature and foolhardy” to interpret...
Hospitality industry representative body the Federated Hospitality Association of South Africa (Fedhasa) reports that South Africa’s tourism and hospitality industry hopes to receive greater...
Government and Statistics South Africa (Stats SA) are encouraging anyone within the borders of South Africa to cooperate with census field workers and representatives as Stats SA performs the 2022...
Sugarcane farmers received about R60-million worth of premium price payments on January 31 as agreed by the Small-Scale Grower Masterplan Task Team in accordance with the process laid out in the...
Finance Minister Enoch Godongwana will table the national budget on 23 February, 2022. The ministry of finance on Thursday issued an advisory - highlighting that this would be the minister's...
Although the rand ended 2021 “on the back foot” at R15.89/$, the Omicron variant of Covid-19 will remain a significant unknown in the financial market for 2022 as it is proving to be more...
The National Treasury reports that, on aggregate, municipalities spent 21.5% (R111.9-billion) of the total adopted expenditure budget of R521.3-billion for the first quarter of the 2021/22...
Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the key highlights from Finance Minister Enoch Godongwana's maiden mini-Budget, the spending pressures ahead...
The country requires a continued focus on stabilising the nation’s public finances and, most importantly, the critical need to implement more aggressive structural and institutional reforms that...
Finance Minister Enoch Godongwana indicated on Thursday that government regarded the revenue windfall that had arisen as a result of higher commodity prices as temporary and confirmed that fiscal...
Government’s rising debt service costs, at about R1-trillion over 2022/23 to 2024/25, is crowding out spending on service delivery functions. Debt service costs will, on average, consume 21c of...
Finance Minister Enoch Godongwana offered no new insight in his maiden address to lawmakers into how government intended approaching the issue of Eskom’s R400-billion debt burden, which has been...
Agricultural industry organisation Agri SA says the Medium Term Budget Policy Statement (MTBPS) to be delivered by Finance Minister Enoch Godongwana on November 11 should address structural...
Money pooled by the Department of Trade, Industry and Competition (DTIC), the Industrial Development Corporation (IDC), the National Empowerment Fund and the Solidarity Fund to address disruption...
A 25 Mℓ reservoir on Dann road in Glen Marais, Kempton Park, in Gauteng, has still not been commissioned, despite being completed in November 2018 at a cost of about R48-million. Almost three years...
Little can be done to drive an economic recovery without a clear understanding between business and government, says Business Leadership South Africa CEO Busi Mavuso, who joined other business...
Despite the global economy having performed strongly in the first half of the year, global economic activity has peaked and is starting to face several headwinds, says financial risk management,...
After South Africa, Namibia, through its Namibian Stock Exchange, is the second African country to issue a green bond after signing up to the United Nations’ (UN’s) sustainable stock exchanges...
Compared with traditional impact investment vehicles, which tend to be private equity, green bonds provide a “nice balance” in achieving a desired investment impact, environment, social and...
According to Knysna Planning and Development MMC Mncedisi Skosana, the local leadership has been investigating ways of diversifying the area’s economic drivers and contributors.
Consulting engineers Bosch Projects and financial institution Bosch Capital – members of the Bosch Holdings group of companies – work closely with municipalities nationally to assist with upgrading...
The major risk posed by Covid-19 is not the disease itself, but instead humankind’s inaction to heed calls that such an event could lead to the crippling of global economies and other systems,...
Eligible businesses can now apply for loans under the R3.75-billion economic recovery support package, announced by Trade, Industry and Competition Minister Ebrahim Patel a fortnight ago to assist...
Ratings agency Standard & Poors (S&P) Global Ratings does not expect to take any immediate rating actions in the wake of the mid-July civil unrest that affected KwaZulu-Natal and parts of Gauteng....
The annual Africa Financial Services Investment Conference – Investing in Africa event, known as AFSIC, organised by hosting company Africa Events Limited, will be held in London, UK, on October 11...
Solar energy company SustainSolar has completed the supply of its battery energy storage system to the Cecilia Makiwane Hospital in East London, in the Eastern Cape.
Africa presents a unique case for the type of transformational investing that is required for sustainability, to meet the United Nations’ Sustainable Development Goals (SDGs) and to achieve...
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