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Budget

Mboweni appoints ombud council leaders
24th May 2021 By: Donna Slater

Finance Minister Tito Mboweni has appointed the first Ombud Council board and council Chief Ombud, independent consultant Eileen Meyer, giving effect to the new financial ombud system in terms of... 


BLSA CEO Busi Mavuso
Critical structural reforms taking too long – BLSA
24th May 2021 By: Donna Slater

The structural reform required to transform South Africa’s economy has “frustratingly” progressed very little, even with the establishment of Operation Vulindlela, Business Leadership South Africa... 


DEAN NARAINSAMY We are losing key resources and skills sets to emigration
Construction turnaround requires collaboration
21st May 2021 By: Darren Parker

Partnerships between the private and public sectors are paramount to turning the built environment and construction sectors around in South Africa, says engineering firm Aecom Africa programme cost... 


CONCRETE ASSURANCE
Quality is not only about the product delivered but also the entire value chain
Direct cement sales to industry drop
21st May 2021 By: Darren Parker

About 30% of cement sales in South Africa are going directly to the construction industry for construction projects, which is down from about 50% being sold directly to the construction industry... 


District Development Model seen as key to tackling delivery backlogs
District Development Model seen as key to tackling delivery backlogs
14th May 2021 By: Donna Slater

Proponents of government's recently launched District Development Model (DDM) believe the joined-up model provides the framework required for South African municipalities to begin tackling their... 


LIQUID COOLED DRIVES
This portfolio of liquid cooled drives technology includes a reduced footprint of up to 30%
Portfolio ensures better efficiency
7th May 2021 By: Anna Moross

Electric variable-speed drives and motors supplier ABB Motion in January released their ACS880LC liquid cooled drives portfolio that can improve overall system efficiency by reducing auxiliary... 


$100bn bled from emerging markets during onset of Covid-19 in 2020 – Afreximbank
16th April 2021 By: Donna Slater

A survey and subsequent report ‘Survey of Impact of Covid-19 on African Trade Finance’ by the Africa Export-Import bank (Afreximbank), shows that outflows from emerging market economies in the... 


Loan Guarantee Scheme to be extended to July 11
12th April 2021 By: Donna Slater

The Loan Guarantee Scheme (LGS), first announced by President Cyril Ramaphosa on April 21, 2020, and which was scheduled to expire on April 11, will remain in operation for a further three months,... 


Business Leadership South Africa CEO Busi Mavuso
BLSA commends steps taken to advance public administration, says more to be done
12th April 2021 By: Donna Slater

Business Leadership South Africa CEO Busi Mavuso cautions that while business owners, leaders and CEOs may criticise government for maladministration, it ought to be remembered that government is a... 


Sars revenue boost a result of good luck and not good policy, says BLSA CEO
6th April 2021 By: Donna Slater

The announcement last week by the South African Revenue Service (Sars) that it had managed to exceed revised budgets for tax collections, with the collection of R38-billion more than had been... 


Vaccination success key to igniting SA’s infrastructure roll-out
Vaccination success key to igniting SA’s infrastructure roll-out
2nd April 2021 By: Darren Parker

Despite the strain that the roll-out of Covid-19 vaccinations is placing on the fiscus, industry body Consulting Engineers South Africa (Cesa) believes that it needs to be prioritised in concert... 


EXTRA, EXTRA
The capacity expansion will assist in terms of local supply to the industrial and automotive sectors
Compounder adds new plant capacity
12th March 2021 By: Darren Parker

Speciality compound producer Continental Engineering Compounds has invested R25-million in building a new specialised production line at its Westmead factory, in KwaZulu-Natal. The added capacity... 


KZN MEC for Finance Nomusa Dube-Ncube
KwaZulu-Natal to implement Provincial Economic Reconstruction and Recovery Plan
9th March 2021 By: Sane Dhlamini

KwaZulu-Natal Finance MEC Nomusa Dube-Ncube has promised that her department will move with speed to implement, in line with the national plan, the Provincial Economic Reconstruction and Recovery... 


Sovereign governments set to borrow $12.6tr this year – S&P Global Ratings
3rd March 2021 By: Donna Slater

Sovereign governments worldwide are set to borrow $12.6-trillion from commercial debt sources this year, a report by ratings agency Standard & Poor’s (S&Ps) Global Ratings shows. S&P Global... 


Sars establishes unit to crack down on high wealth tax evaders and offshore accounts
25th February 2021 By: Donna Slater

The South African Revenue Service (Sars) is establishing a separate unit – the High Wealth Individual Taxpayer Segment (HWI) – to focus on individual taxpayers with wealth and complex financial... 


Budget highlights
Budget highlights
25th February 2021

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Finance Minister Tito Mboweni's 2021 Budget, which included a focus on the importance of the Covid-19 vaccine... 


Ramaphosa’s SoNA holds bold promises, but lacks finer details, says BLSA
15th February 2021 By: Donna Slater

In his February 13 State of the Nation Address (SoNA), President Cyril Ramaphosa highlighted factors that will serve to lift the economy, tackle Covid-19 and boost ailing electricity... 


SUGEN PILLAY
Cesa’s call to purposefully rebuild the economy and infrastructure will aim to foster an enhanced social compact between all industry partners and stakeholders
Industry body seeks purposeful rebuilding
12th February 2021 By: Darren Parker

The Consulting Engineers South Africa (Cesa) theme for this year is: Rebuilding with purpose. This is aimed at encouraging the engineering and construction sectors to pursue the rebuilding of the... 


VISHAAL LUTCHMAN
Government has not prioritised infrastructure development for the past decade and it will likely not prioritise it in 2021 either
Strategic forethought hindered by crisis mindset
12th February 2021 By: Darren Parker

With South Africa’s fiscus placed under immense strain as government attempts to combat the effects of the pandemic, South African Institute of Civil Engineering (Saice) CEO Vishaal Lutchman fears... 


PPE
SIU recovers R127m worth of dodgy PPE payments so far
5th February 2021 By: Marleny Arnoldi

The Special Investigating Unit's (SIU's) work has resulted in the recovery of R127-million of funds, which had been paid irregularly by the State to service providers of personal protective... 


Finance Minister Tito Mboweni
Treasury likely to maintain bond auction levels
4th February 2021 By: Bloomberg

South Africa’s National Treasury will probably keep the levels of its bond auctions constant until the end of the fiscal year, even with domestic-debt issuance running ahead of target. The Treasury... 


District Development Model to improve planning, implementation as South Africa embarks on economic recovery
29th January 2021 By: Donna Slater

The Covid-19 pandemic is providing a good socioeconomic testing ground for the newly rolled-out District Development Model (DDM), with its One Plan, One Budget strategy expected to alleviate... 


WEF yearly summit to be held in Singapore in May
8th December 2020 By: Donna Slater

The World Economic Forum (WEF) will convene its 2021 Special Annual Meeting in Singapore from May 13 to 16; and return to Davos-Klosters, in Switzerland, for the 2022 edition. The change in... 


Government departments implement initiatives to create more jobs
16th November 2020 By: Donna Slater

Various government departments have commenced with the rollout of President Cyril Ramaphosa’s plan to protect and create jobs as part of his emergency relief package that has been mobilised in the... 


PREVENTION BETTER THAN CURE 
Companies can minimise the risk of costly reactive maintenance as reactive maintenance only addresses problems as it arises
Maintenance saves companies’ bottom line
13th November 2020

With economic uncertainty levels reaching an all-time high, it is necessary to find creative and resilient ways to reduce budgets while boosting the bottom line. Preventive maintenance is often one... 


B4SA proposes alternatives to another hard lockdown in event of a second wave
10th November 2020 By: Donna Slater

To restore and boost investor and consumer confidence in South Africa, Business for South Africa (B4SA) is requesting certainty from government that there will not be another “hard economic... 


Next interim candidate appointed as FSCA commissioner
9th November 2020 By: Marleny Arnoldi

National Treasury has appointed Olano Makhubela interim commissioner of the Financial Sector Conduct Authority (FSCA) for a period of three months starting November 6. He is currently the... 


Covid-19 accelerates domestic sustainable finance market – Standard Bank
4th November 2020 By: Donna Slater

The Covid-19 pandemic has heightened the focus on climate change and financial instruments that promote sustainable economic development, Standard Bank group CEO Sim Tshabalala noted in the latest... 


Economic Reconstruction and Recovery Plan presents opportunity to build a better economy, says Saice
4th November 2020 By: Donna Slater

The Economic Reconstruction and Recovery Plan tabled by President Cyril Ramaphosa in October, provides an opportunity to build a better structured economy, reports South African Institution of... 


THE ROAD TO RECOVERY
The DBSA sees roads infrastructure and other transport sector infrastructure as key to stimulating economic growth and social inclusion
Bank to play pivotal role in recovery plan
30th October 2020 By: Cameron Mackay

State-owned development finance institution Development Bank of Southern Africa (DBSA) is looking to accelerate playing a meaningful role in the economic recovery of the country by assisting in... 


Medium-term budget highlights
Medium-term budget highlights
29th October 2020

  Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the new fiscal framework presented by Finance Minister Tito Mboweni during his Medium-Term Budget Policy... 


Budget policy critical to economic recovery from Covid-19, says BLSA
26th October 2020 By: Donna Slater

This week is an important one in that South Africa’s Medium-Term Budget Policy Statement (MTBPS) will be presented by Finance Minister Tito Mboweni on October 28, having the potential to support a... 


BLSA implores Mboweni to prioritise revenue collection in MTBPS
23rd October 2020 By: Marleny Arnoldi

In an open letter from Business Leadership South Africa (BLSA) addressed to Finance Minister Tito Mboweni, the organisation asks that the Medium Term Budget Policy Statement (MTBPS) "aggressively... 


Finance Minister Tito Mboweni
Mboweni requests to move MTBPS to October 28
14th October 2020 By: Marleny Arnoldi

Finance Minister Tito Mboweni has asked for an extended timeframe to table the 2020 Medium Term Budget Policy Statement. The Speaker of the National Assembly acceded to the request for the Minister... 


SA Mint pays homage to eye surgery invention in latest crown, tickey series
7th October 2020 By: Marleny Arnoldi

The South African Mint (SA Mint) has again shined a light on the retinal cryoprobe, which is featured on its 2020 crown and tickey coin series. The South African Reserve Bank subsidiary has since... 


National Treasury launches Covid procurement spend dashboard
5th October 2020 By: Marleny Arnoldi

Further to President Cyril Ramaphosa’s directive to organs of State in August to submit information around their Covid-19 procurement, the National Treasury has published an interactive Covid-19... 


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Sector News

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