A 2020 study found that the cost incurred by provincial and national governments from alcohol abuse was R17 billion
This comes as inflation cooled to 2.8% in October, below the Reserve Bank’s 3% to 6% target band
Consumers using these meters must re-code them by Sunday 24 November
Data from Statistics South Africa showed that the CPI annual rate braked to 2.8% – a four-year low
Canned pilchards linked to rejected imports have been uncovered during a police raid in Gauteng, sparking Oceana and Woolworths investigations
The grant budget is to be cut by R20 billion but it is unclear how the numbers will add up
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
An amount of R11 billion will be set aside to allow people early exit from public service
Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6% in 2024-25. This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]