‘Prudent operation and maintenance practices’ could prevent up to six stages of load-shedding, according to the report from the VGBE
Finance Minister Enoch Godongwana has been battling illness
A senior treasury official told MPs the intention was not to close the widening deficit through higher personal income taxes
Increases will be announced in the new year to raise an additional R15 billion in revenue
But Finance Minister Enoch Godongwana says beyond that mark, a comprehensive review of all welfare grants is needed
The aim is to get better value for money spent, and to close or merge entities, Finance Minister Enoch Godongwana said
The global financier announced that it had approved a $1 billion loan to help the country’s shift to cleaner forms of energy
Deputy Cogta minister Parks Tau said the perception that the ANC didn’t deliver was ‘manufactured’
In this monthly series, the M&G investigates how South Africa’s fiscal policy has been shaped. The second instalment considers the health budget and why, despite growing to R254 billion a year, the health system is ailing
CEO Busi Mavuso said it appeared that only the national treasury understood the need to curtail government spending
Utility says that this will encourage defaulting municipalities to cough up
The new director general played a key role in developing the Eskom Debt Relief Bill
Switch off lights and appliances when not in use, and reduce the temperature on your geyser, the president said
The biggest highlight of the budget was the support to aid individuals and businesses to source alternative energy sources
Fresh billions will allow the appointment of 15 000 police trainees and prosecutors with skill in bringing financial crimes to court
There is progress cleaning up corruption but party reform lags behind and the president can’t afford to lose allies, even those implicated in the Zondo report
The South African Canegrowers Association says the sugar industry is in crisis after Tongaat Hulett was put under business rescue
Proposed Gauteng Rapid Rail Integrated Network will connect the current Marlboro to Sandton stations in Johannesburg to Randburg, Cosmo City and Little Falls
Solving our electricity crisis is set to become more difficult as the world now faces power shortages. We aren’t the only game in town
Ismail Momoniat is hoping to take ‘a massive step forward’ in fortifying the country’s money laundering controls by passing two bills before next February
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
Lekwa local municipality, which is home to Eskom’s ‘sabotaged’ Tutuka power station, faces rolling blackouts and crumbling infrastructure after governance fell to pieces
The treasury’s relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicke
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
The country’s economy shrank by 6.4% in 2020 but real GDP increased by 4.9% in 2021
The social costs of fossil fuel combustion are about R550-billion a year, according to a new report
As the country battles the pandemic, the World Bank loan will assist to boost the economy
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
The central bank has been criticised for hiking interest rates to the detriment of employment
Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
The governor of the Reserve Bank asks what role a state bank would play in a country where more than 80% of the population has access to financial services