After a small increase in the MTBPS, there will be further allocations for the NPA and the fight against financial crime in the 2023 budget
The treasury warns that helping the ailing power utility clear its staggering debt won’t fix all its problems
With a take-over of Eskom’s debt looming, the finance minister found no indulgence for other struggling parastatals
This is as a strike looms in the public sector after some unions have rejected the government’s offer of a 3% wage hike
The finance ministry confirmed that it is still mulling whether and how to replace the interim measure with a basic income grant
The state is set to achieve a primary budget surplus a year earlier than expected
Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
The power utility, already burdened by a debt of R396‑billion, has taken on a R9-billion loan from the World Bank, causing economists to warn of tariff hikes
The industrial action is the latest in a series of economy-hitting upsets for the state logistics company
Food prices are too high for some households to bear but more targeted relief might have a greater impact
Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
Transnet says it can’t afford to pay employees more
So far, the government has merely passed the buck and failed dismally to create any coordinated response to the issue.
President tells summit the challenges are clear and local government must do what needs to be done as service delivery falters
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
The finance minister confirmed he had been approached by the police about a criminal investigation into allegations of sexual assault
The police have reportedly handed over a docket to the National Prosecuting Authority, which will decide whether the finance minister is charged with sexual assault
So says Rudi Dicks, who is in charge of coordinating President Cyril Ramaphosa’s initiatives to drive structural reforms and employment
With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning
After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
The truth is that our carbon tax is way too low to act as a real deterrent
Momoniat’s temporary appointment follows the resignation of former director general Dondo Mogajane, who worked in the ministry for 23 years.
The government was given 12 months to amend the regulations and make them constitutionally compliant, but this process was delayed by a constitutional court challenge by Finance Minister Enoch Godongwana.
But forecasters are expecting the jobless rate to stay elevated, as load-shedding and inflation take their toll
Fuel prices are expected to increase by at least R3 a litre if the R1.50 reprieve is not extended
The public enterprises minister has said there have been deliberate attempts to undermine the transaction, which is aimed at rehabilitating the airline
But the department’s already reduced ranks may make it difficult to find someone with the technical know-how and clout to replace Dondo Mogajane
Dondo Mogajane is set to pursue new opportunities outside the public sector after his contract as treasury director general expires
Finance Minister Enoch Godongwana has announced a postponement of the sugar tax for 12 months
The emergency fuel-price intervention was announced by the treasury in the parliament on Thursday afternoon, in light of skyrocketing global oil prices
The finance minister says there is a long-term intervention in the pipeline to address fuel prices, but the global situation has prompted the treasury to moot emergency relief
Last month’s budget was positive about the trajectory of the economy but near-term growth projection are only slightly higher than during South Africa’s darkest years