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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Momoniat’s temporary appointment follows the resignation of former director general Dondo Mogajane, who worked in the ministry for 23 years.
Consumers, who have remained resilient despite South Africa’s economic woes over the past decade, are being squeezed on all fronts. What are the policy options? Or is it the same old, same old
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.
Government department accounting officers can now authorise contract deviations that previously had to go through the treasury
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Rebuild efforts have been mired in concerns about looting, but it could provide a much-needed stimulus to a crisis-hit province
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Part four of the report will be handed to the president soon but, in court papers, Zondo said he needed six more weeks to deliver the last instalment
The liquidators of Double Ring wants an order forcing treasury to get government departments to pay invoices on time
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Dondo Mogajane is set to pursue new opportunities outside the public sector after his contract as treasury director general expires
Service delivery will be significantly reduced if the state is forced to honour the 2018 wage agreement, the constitutional court found
This year’s budget will be a balancing act, but the treasury needs to prioritise restoring South Africans economic agency
The second state capture report shows how the arms company went from a R35-billion order book to begging the treasury for cash to stay afloat
The health department is increasingly playing fiscal catch up each year as the trainee intake continues to swell
The Covid-19 pandemic led to an unprecedented widening of the budget deficit and a spike in debt stock but a commodity price surge gave the treasury room to breathe.
The new finance minister said there would be no new bailout for Eskom or other parastatals, with the exception of Denel, which was thrown a lifeline after defaulting on debt to the tune of R2.9-billion