Eskom won’t cut maintenance, despite German consortium’s recommendation, electricity minister says
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Only 10% of the funds promised to South Africa have been transferred, but are sitting with the treasury
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Graduates in the medicine, dental and rehabilitation therapy fields need to do community service to qualify but nearly 200 had not been placed by 12 December
R22.8 billion will be used to tackle urgent liquidity matters, such as settling maturity debt
How the government plans to repay the money is being questioned
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
So far, only 28 municipalities have been approved to participate in the programme
The Pietermaritzburg Economic Justice and Dignity Group has said the cost of nutritious food is already unaffordable for poor households
The treasury continues to underfund health and education
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
The Naicker family built a multi-billion-rand empire renting water tankers and yellow plant to government. Bitter family feuds and allegations of collusion threaten to bring them crashing down
Projects have ground to a halt after the treasury withheld funds over the appointment of Anele Qaba, who says he was legally appointed
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Transmission company is another plan to raise revenue – provided the treasury approves it
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 utility has said needs more funds for the fuel to meet a court order that public schools and hospitals are exempt from load-shedding
The power utility plans to burn more diesel to reduce load-shedding levels, but the treasury won’t finance it
It’s something to ruminate on as we sit in stage six of load-shedding, further weakening our fiscal position
The Economic Freedom Fighters has accused Finance Minister Enoch Godongwana of encouraging corruption in Eskom
To rein in spending, the government will have to restrict recruitments and delay certain projects
Political parties and NGOs will be taking Nersa and Eskom to court for granting the utility an 18.65% tariff hike
More than R1 billion has been set aside for the taxi recapitalisation scheme yet only 12% of taxis have been scrapped
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The additional funds from France and Germany will be used to shift South Africa to cleaner energy, so mitigating Ekom’s debt
Like a household, new spending will be financed through tax increases or budget cuts
The country shouldn’t be facing this threat but it could bring urgency to bringing in reforms to stop corruption
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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 finance ministry confirmed that it is still mulling whether and how to replace the interim measure with a basic income grant
The power utility said it would go to court to declare ownership of land not registered to it, but has not done so
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The government has had many plans to boost the economy since 1994 but none have achieved their targets
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The cash-strapped power utility is disposing of its land for low prices without the involvement of the treasury, sources say
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