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Budget

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... 


Civil society organisations urge leaders to tackle corruption
1st September 2020 By: Donna Slater

In an open letter addressed to President Cyril Ramaphosa and Finance Minister Tito Mboweni, Corruption Watch executive director David Lewis and Public Affairs Research Institute executive director... 


Treasury goes live with info on State Covid-19 procurement contracts
26th August 2020 By: Marleny Arnoldi

The Presidency on August 26 confirmed that all Covid-19-related government expenditure has been published online. The Office of the Chief Procurement Officer has published a full list of all... 


B4SA disappointed at TERS payment suspension
26th August 2020 By: Donna Slater

Business for South Africa (B4SA) is disappointed that all payments of Unemployment Insurance Fund (UIF) Temporary Employer/Employee Relief Scheme (TERS) benefits have been halted pending... 


Covid-19 severely impacts business confidence, unemployment
17th August 2020 By: Donna Slater

Strategy and investment consulting firm Singular Group says the Covid-19 pandemic has severely impacted South Africa’s economy, to such an extent that business confidence is at an all-time low, 22%... 


More German experts coming to help reactivate South African industry
14th August 2020 By: Rebecca Campbell

The German embassy in South Africa expects further technical experts from that country to arrive in South Africa, subject to the approval of the South African government. The first contingent of... 


UIF TERS extended July/August applications to open next Monday
13th August 2020 By: Donna Slater

The Unemployment Insurance Fund (UIF) will open and begin processing the July/August Covid-19 Temporary Employee Relief Scheme (TERS) benefits applications from August 17. This follows the signing... 


EU liquor trading partner puts pressure on South African govt to lift alcohol ban
11th August 2020 By: Marleny Arnoldi

In a statement, the liquor industry of South Africa has acknowledged the concerns raised by SpritsEurope around imbalances in trade between South Africa and the European Union (EU), owing to the... 


Absa revises GDP forecast on better-than-expected data
4th August 2020 By: Donna Slater

Based on better-than-expected data arising from the first and second quarters of the year, financial services company Absa has revised down its forecast for the gross domestic product (GDP)... 


Solidarity Fund ramps up farming, food assistance
31st July 2020 By: Marleny Arnoldi

South Africa’s national Solidarity Fund has ramped up its efforts to bring relief to those most affected by the Covid-19 pandemic. The fund has been focusing its efforts since its inception in... 


NEIL GOPAL
There needs to be urgent intervention at local municipal level
Difficult times ahead for property sector
31st July 2020 By: Darren Parker

Following the significant challenges because of the Covid-19 outbreak, the outlook for the South African commercial and industrial property sector for next year remains somewhat bleak, says South... 


VUYISWA MUTSHEKWANE
It is not business as usual and things are unlikely to return to normal anytime soon
Economic recovery interventions present hope
31st July 2020 By: Darren Parker

South African Institute of Black Property Practitioners (SAIBPP) CEO Vuyiswa Mutshekwane says it is encouraging to already see a number of the proposals being put into practice from the SAIBPP’s... 


With IMF loan granted, govt has a chance to embed pro-growth economic reforms
28th July 2020 By: Marleny Arnoldi

North West University Business School economist Professor Raymond Parsons says the timing of the International Monetary Fund’s (IMF’s) loan to South Africa again emphasises the extent to which the... 


Gauteng Premier David Makhura
Gauteng Premier recovers from Covid-19, resumes duties
23rd July 2020 By: Sane Dhlamini

Gauteng Premier David Makhura has recovered from the novel coronavirus and has already resumed his official duties by joining Thursday’s virtual sitting of the Gauteng Provincial Legislature, where... 


AfDB approves R5bn loan for South Africa's Covid-19 fight
23rd July 2020 By: Donna Slater

The African Development Bank (AfDB) board has approved a loan of about R5-billion ($288-million) to the government of South Africa, as the country battles one of the largest Covid-19 caseloads in... 


Agri SA bemoans agriculture programme budget cuts
Agri SA bemoans agriculture programme budget cuts
22nd July 2020 By: Marleny Arnoldi

Industry body Agri SA says the Department of Agriculture, Land Reform and Rural Development’s salary bill should be cut by a higher amount rather than the cuts announced in funding for programmes... 


CW report highlights impact of corruption in health sector
CW report highlights impact of corruption in health sector
22nd July 2020 By: Sane Dhlamini

Not for profit organisation Corruption Watch (CW) on Wednesday released its ‘X-Ray: The critical state of the health sector in SA’ report which aims to uncover the impact of corruption in the... 


Sars losing out on R5bn in excise duties, says alcohol industry
Sars losing out on R5bn in excise duties, says alcohol industry
20th July 2020 By: Marleny Arnoldi

The renewed prohibition of alcohol sales has resulted in the South African alcohol industry having no choice but to apply for a deferment of payment of excise duties to the South African Revenue... 


DMRE budget slashed by R1.5bn
14th July 2020 By: Donna Slater

The Department of Mineral Resources and Energy’s (DMRE’S) budget for the 2020/21 financial year has been reduced by R1.5-billion, from the initial R9.3-billion, owing to the impact of the Covid-19... 


CoJ council has until Friday to approve budget
CoJ council has until Friday to approve budget
6th July 2020 By: Sane Dhlamini

Gauteng Cooperative Governance MEC Lebogang Maile has urged  the City of Johannesburg Municipal Council to put the interest of the residents of the City first following its failure to approve an... 


BLSA CEO Busi Mavuso
Roles of govt, business in restarting economy need clearer definition, says BLSA
6th July 2020 By: Donna Slater

In her weekly newsletter, Business Leadership South Africa (BLSA) CEO Busi Mavuso says a clearer perspective of the roles and responsibilities of business and government needs to be established as... 


Finance Minister Tito Mboweni
Treasury warns public finances dangerously overstretched
26th June 2020 By: African News Agency

South Africa's finances are overstretched and unable to weather another severe shock, a senior National Treasury official warned on Thursday. "We are now in a position where we are dangerously... 


South Africa too rich for relief even as fiscal reckoning looms
South Africa too rich for relief even as fiscal reckoning looms
25th June 2020 By: Bloomberg

Too rich for debt relief available to most African nations and hobbled by its politics, South Africa is facing a public financing crisis. Debt levels will continue to rise, peaking in 2024 and only... 


Cogta Minister Nkosazana Dlamini-Zuma
Covid-19 has exposed weaknesses in our communities – Dlamini-Zuma
23rd June 2020 By: Sane Dhlamini

Cooperative Governance and Traditional Affairs (Cogta) Minister Dr Nkosazana Dlamini-Zuma on Tuesday declared that the coronavirus (Covid-19) pandemic has exposed the weaknesses and deep fault... 


President Cyril Ramaphosa
No quick fixes for economy – Ramaphosa
22nd June 2020 By: Sane Dhlamini

President Cyril Ramaphosa warned on Monday that there would be no quick fixes for the economy as government gears up to launch its Sustainable Infrastructure Development Symposium on Tuesday. The... 


South Africa rand weaker as budget risk raises second wave Covid-19 fears
South Africa rand weaker as budget risk raises second wave Covid-19 fears
22nd June 2020 By: Reuters

South Africa's rand weakened early on Monday, reflecting the gloom in global markets as fears of a second wave of coronavirus infections around the world increased investor jitters ahead of a local... 


Finance Minister Tito Mboweni
Deloitte discusses funding options ahead of Mboweni’s special adjustment budget
18th June 2020 By: Simone Liedtke

With the coronavirus, or Covid-19, pandemic having forced every South African to “radically reassess any plans he or she may have had for 2020”, no one has had to do so more than Finance Minister... 


Labour department starts auditing UIF payments to ensure compliance
15th June 2020 By: Donna Slater

Employment and Labour Minister Thulas Nxesi reports that, during the second week of June, the Unemployment Insurance Fund (UIF) appointed auditors to investigate whether money paid to employers, to... 


Mavuso laments all-time low in business confidence
15th June 2020 By: Donna Slater

Business Leadership South Africa (BLSA) CEO Busi Mavuso says business confidence in South Africa is destroyed. In a weekly newsletter, she points out that the latest Rand Merchant Bank/Bureau of... 


Investment summit to go virtual
10th June 2020 By: Donna Slater

In the wake of the Covid-19 pandemic and the forced cancelation of mass gatherings, the South African Innovation Summit (SAIS) will be presented in a new and virtual way this year, with the first... 


Transnet reopens Pretoria freight line
8th June 2020 By: Simone Liedtke

State-owned Transnet has reopened its freight line from the Pretoria complex to Pyramid station, following years of closure owing to challenges with cable theft and sabotage. The line has been out... 


Solidarity Fund flies in essential PPE for frontline healthcare workers
8th June 2020 By: Donna Slater

The Solidarity Fund has taken delivery of a consignment of personal protective equipment (PPE) as part of its health and humanitarian intervention to provide much-needed PPE for frontline... 


Ramaphosa tables support for 2yr debt standstill for African countries
29th May 2020 By: Donna Slater

Addressing members of the African Union (AU) on development financing for developing countries in the era of Covid-19, chairperson and South African President Cyril Ramaphosa said Africa was... 


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