Increases will be announced in the new year to raise an additional R15 billion in revenue
Finance Minister Enoch Godongwana said he would resist the temptation to respond to the entity’s call for a cash injection through the media
But Finance Minister Enoch Godongwana says beyond that mark, a comprehensive review of all welfare grants is needed
A report by treasury and the World Bank estimated the average funding gap for financing disaster response in South Africa at R2.3 billion
The aim is to get better value for money spent, and to close or merge entities, Finance Minister Enoch Godongwana said
The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook
The minister underlined that in the wake of efforts to grow the economy, the government must respect budget constraint
Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal position has deteriorated markedly during the course of this year, a dilemma that could see the treasury inflicting another round of spending cuts.
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The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability
The SACP says the finance minister’s proposed spending cuts are an inappropriate response the country’s economic problems
Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile
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South Africa to oppose reciprocal duty-free access for US companies during the Agoa conference in November
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South Africa’s chickens have finally come to roost, leading the finance minister down a path that may well compromise the ANC
Countries’ stance on ongoing geopolitical conflict could be what excludes them from the renewal or extension of the African Growth And Opportunity Act
In the wake of a food affordability crisis, prices at retail level are not controlled and the government is at arm’s length
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If the state can’t face up to the need to restructure, market forces will dictate just how far the welfare of the state can spread, ultimately eroding the country’s sovereignty
Head of treasury’s budget office Edgar Sishi said fiscal consolidation will have to be extended by at least another two years
To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust
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Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
The country’s trade is skewed towards the West, the finance minister said ahead of the Brics summit
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
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As the US considers the future of the trade agreement, South Africa has pointed to its critical position as a gateway to a future economic powerhouse
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The new director general played a key role in developing the Eskom Debt Relief Bill
It highlights that changes need to be made in their operation, experts say
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Exorbitant electricity tariffs and longer stages of load-shedding have forced consumers to urgently seek off-grid alternatives
The utility is looking to the treasury to expedite the release of funds to build a gas power station
There are no capitalist witches controlling policymakers to keep people poor. Politicians are responsible for a stuck economy
Godongwana’s decision follows 56 public comments covering a broad spectrum of accounting, auditing, governance, legal principles and public interest issues that were raised
The weakening rand, borrowing and expenditure on diesel has resulted in the power utility posting a R21.2 billion loss
The country’s role in Africa has diminished somewhat since the Thabo Mbeki era and Ramaphosa is losing relevance
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Russia and local experts have said the ammunition and weapons manufactured in South Africa is of Nato and not Russian military standard
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The treasury has found a new way to throw its weight around. Who will it crush first?