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
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
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
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
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
Russia and local experts have said the ammunition and weapons manufactured in South Africa is of Nato and not Russian military standard
The treasury has found a new way to throw its weight around. Who will it crush first?
The treasury also hopes to change the behaviour of local government officials and restore financial management best practices
The faux pas with the Finnish president is the latest in a series of embarrassing moves by our head of state
It’s something to ruminate on as we sit in stage six of load-shedding, further weakening our fiscal position
Changes to the law and subsidies for solar, are steps in the right direction
The two interventions have received major blowback with critics accusing the government of undermining public oversight
The Economic Freedom Fighters has accused Finance Minister Enoch Godongwana of encouraging corruption in Eskom
The government is walking a tightrope as civil servants embark on industrial action over pay
Data released this week gave credence to the view that South Africa may be headed for another technical recession
Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels
Only the uninitiated or the hopelessly optimistic would have been merely disappointed by last night’s long and needlessly delayed cabinet announcement
Emergency procurement funds will not be abused, says Nkosazana Dlamini-Zuma
The announcement comes just hours after deputy president David Mabuza resigns from parliament
The top priority must be to take swift action to get off the greylist, restore SA’s reputation and regain the global community’s trust, party says
Financial Action Task Force noted the country made ‘a high-level political commitment’ to work with the watchdog to tackle money laundering
The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
The biggest highlight of the budget was the support to aid individuals and businesses to source alternative energy sources