Public Finance

latest news & developments
Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars. (Oupa Nkosi)

Sars can collect even more if mining gets support, cash businesses are brought into tax net

Former SARS tax chief Jonas Makwakwa outlines how South Africa can significantly boost revenue by revitalising the gold mining sector and bringing the vast cash economy into the…

White paper: Cogta Minister Velenkosini Hlabisa launched a revised policy to rectify long-standing institutional weaknesses.

Revised policies aim to rescue collapsing municipalities

The South African government has launched the Revised White Paper on Local Government, introducing differentiated funding models and governance reforms to rescue distressed…

Presidential privacy obscures Malawi’s public accountability

Malawi’s government has refused to disclose whether public funds paid for five private trips by President Peter Mutharika to South Africa, sparking intense debate over privacy…

Aid: Citizens queing to apply for social grants in Taung. Photo: Sassa

Billions sit idle as poor cry for help

Parliamentary committee members have voiced outrage after the Department of Social Development underspent R4.879 billion allocated for social grants, returning vital funds to the…

In the work: Eskom is planning to install 6.2 million intelligent devices by March 2029, pushing municipalities to prepaid systems. Photo: Delwyn Verasamy

Councils cannot keep dodging Eskom bill

With municipal debt to Eskom exceeding R120 billion, sustainable recovery requires treating indebted municipalities as financially distressed, enabling direct interventions and…

What appears to citizens as poor service delivery is often the visible result of deeper institutional weaknesses.
(David Harrison)

Before you promise me a bridge, show me the spreadsheet

As municipal elections approach in South Africa, voters must look past billboard slogans and demand real financial plans. It is time to challenge systemic mismanagement,…

Fannie Masemola, the national police commissioner, has denied receiving financial gratification from businessman  Vusimuzi “Cat” Matlala’s contract.

Idac investigated Masemola without a complaint referral

The Madlanga commission has heard that the Independent Directorate Against Corruption (Idac) investigated national police commissioner Fannie Masemola in the Medicare24 matter…

National Police Commissioner Fannie Masemola. (SAPS/X)

Madlanga questions why Fannie Masemola was charged with Cat Matlala in R360m tender case

Justice Mbuyiseli Madlanga questioned former Idac head Andrea Johnson about the decision to charge suspended National Police Commissioner General Fannie Masemola alongside…

The future of the Social Relief of Distress (SRD) grant beyond the March 2027 extension remains uncertain. Archive photo: Chris Gilili

Future of SRD grant uncertain, treasury says

The Universal Basic Income Coalition said the government’s proposals to link the grant to employment-related conditions could exclude eligible beneficiaries

Prasa, through the rolling stock recapitalisation programme, procured new rolling
stock for its Metro Rail operations as part of its long-term modernisation strategy.
(Delwyn Verasamy)

Prasa achieves first unqualified audit in nine years with 93% performance rate

The state-owned passenger rail agency has a long-term goal of 600 million trips by 2035

Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance. (Screenshot: YouTube)

Unequal society burdens South Africa’s tax system, says Sars head

Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance

Fouled: Climate activist group Extinction Rebellion protest on March 12 in Johannesburg against Standard Bank’s financing of a pipeline in Tanzania and Uganda. Photo: Elizabeth Sejake/Rapport/Gallo Images

Public finance institutions should be more transparent on their decision making

Despite commitments to climate resilience, many continue to ignore their social mandates and push ahead with funding for fossil fuel projects.