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Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts

Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel

The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer…

Finance Minister Enoch Godongwana.   (File photo by Madelene Cronje)

Godongwana’s inaugural budget: austerity vs social security

Economists predict the finance minister will speak about the basic income grant, the effect of the July riots on the fiscus, and bailouts

Budget: Mboweni pegs recovery hopes on vaccine efficacy, lower public wage increases

The treasury forecasts 3.3% growth, but warns this will fall to 1.6% if the fledgeling vaccination programme fails to stem successive Covid waves

(John McCann/M&G)

Agriculture eyes rival to Land Bank

The state-owned institution’s financial woes have led farmers and agribusiness to consider making an offer on the bank, starting a cooperative bank or partner with global…

Finance Minister Tito Mboweni said the SAA bailout would be financed by reducing the funds allocated to national departments and their entities as well as slashing provincial and local government conditional grants. (David Harrison/M&G)

SAA to receive R10.5-billion government bailout after all

Several struggling state-owned entities received extra funds after the medium term budget policy speech

Harsh land: Farming is a high-risk activity because of the unpredictable weather, as shown by this dry riverbed. (Photos: Delwyn Verasamy/M&G)

The promised land? Lack of access to finance hinders farmers

The agricultural sector has grown this year, but an absence of collateral is preventing black farmers from making a go of their business

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

‘South Africa is capable of delivering a world-class safe, inclusive and reliable public transport system,’ writes Robert Shivambu. (Paul Botes/M&G)

Black farmers to get state funding

Among the plans are increased funds for black farmers and agri-processing to create jobs

Workers erect a bridge in Nairobi as part of a project that is funded by the governments of Kenya and China and the African Development Bank.

The African Development Bank’s plans to usher in investment

The African Investment Forum aims to mobilise funds to facilitate much-needed infrastructure projects

This is the time for the South African financial sector to step forward and help all citizens to develop their full potential

Bank, treasury face off over director

He declared his job with Land Bank Insurance when his family company won a contract

Amicable solution: In the Philippines

One way to solve the land deadlock

The willing buyer, willing seller model is not working – but there is an alternative

Ian Neilson has served as deputy mayor to De Lille for the past seven years and was appointed acting mayor earlier this year after the party had attempted to terminate De Lille’s membership. (Jaco Marais/Netwerk24/Gallo)

State to assist drought-hit farmers financially

Gordhan sounded pragmatic in his budget speech about dealing with drought, but will all those affected have access to funds, asks Wandile Sihlobo.

Land Bank dashes farmers’ dreams

Its AgriBEE fund has failed black farmers hoping to break into the commercial agriculture sector.

Ex-Land Bank head in court soon

Top officials stand accused of living it up after looting a fund aimed at helping black farmers.

Ex-Land Bank head in court soon

Top officials stand accused of living it up after looting a fund aimed at helping black farmers.

Power utility has 4 588MW on planned maintenance, while another 16 142MW of capacity is unavailable due to breakdowns

State loses patience with parastatals

The government is pushing for legislation to overhaul South Africa’s foundering state enterprises.

Resurgent Land Bank aims high

It argues that by taking an increasingly large share of the market it will help to keep costs down.

Land Bank gets serious about loans

A new scheme byt the land bank offers funds at as low as prime minus 5% for co-operative businesses.

Roux Shabangu and the Land Bank loot

Roux Shabangu and the Land Bank loot

The businessman who stands to make a fortune from controversial leasing deals with the police is himself the target of a police investigation.

Land Bank denies new moratorium

The Land Bank on Tuesday denied it has placed a new moratorium on collecting debt arrears from emerging farmers.