The city faces grant cuts unless a credible recovery plan is submitted, as tensions grow in the governing coalition
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The saga reflected political sniping and the inability of parties in the government of national unity to cooperate
The Democratic Alliance has claimed credit for the about-turn by the treasury on the tax, saying its legal team had presented a strong case against the flawed parliamentary process used to adopt the fiscal framework
Increasing value-added tax shifts the weight of systemic dysfunction to households already buckling under the pressure of inflation and economic exclusion.
The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase
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About 850 000 people are employed as domestic workers in South Africa, contributing to 5.2% of the country’s total employment
The agreement came thanks to a lifeline ActionSA threw the ANC
The recent drama over the budget spotlights the need to scrutinise our financial institutions, the treasury in particular
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
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The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
His move follows Secretary of State Marco Rubio’s decision to also skip a foreign ministers’ summit in the country
South Africa has a R2 trillion budget to fix the economy. It’s a big ask
The treasury wants to raise taxes on alcoholic beverages and set a minimum price per unit
President Cyril Ramaphosa’s Operation Vulindlela is forging ahead with its next phase amid ongoing wrangling over positions in his executive
Senior staff were allegedly told ahead of the elections ‘to cough up R5 million or resign’
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Computer tech firm to be blacklisted after investigation uncovers conflict of interest issues
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