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Treasury announces progress on national health insurance bill

16th November 2018 The South African National Treasury on Friday announced it made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the major issues. “We have made substantial progress on key areas and have reached agreement on most... 

Treasury report finds Koko meddled to help Tegeta

16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

Committee gives green light for Constitutional amendment on land reform

15th November 2018 The ruling African National Congress (ANC) on Thursday, dismissed accusations by opposition parties that the process which led to the adoption of a draft report by members of Parliament (MPs) on Thursday in favour of changing the Constitution to explicitly provide for land expropriation without... 

SA municipalities expect budget deficit of R4.7bn in 2018/19 – Treasury

15th November 2018 The revenue for South African municipalities is expected to rise to R431.5-billion in 2019/20 and R462.5-billion in 2020/21 from a budgeted R404.6-billion for 2018/19, the National Treasury said on Thursday. In a statement on the medium term revenue and expenditure framework for municipalities,... 

Cape Town to sign loan with German state-owned KfW Bank for urban wastewater management

15th November 2018 The City of Cape Town will next week sign a loan agreement with the Germany's KfW Development Bank for urban wastewater management which will be payable at a favourable rate over 15 years.  The loan is in line with the City's ongoing focus on the upgrading of urban wastewater management... 

China lending to sub-Saharan Africa can support growth, but brings risks – Moody's

15th November 2018 China’s increased lending to governments in sub-Saharan Africa has the potential to support economic growth, but also amplifies credit risks for countries with high debt, ratings agency Moody’s has said. “Unless African investment financed by Chinese loans generates substantial economic gains... 

SAB, AB InBev launch alcohol-free snack

14th November 2018 South African Breweries and AB InBev are piloting a savoury grain snack made from locally grown grain, the proceeds of whose sale will be used to help develop emerging farmers and support community development initiatives, the companies said. Castle Lager Better Bites is available for purchase at... 

Johannesburg Park Station platforms to be closed for a month

13th November 2018 Passenger Railway Agency South Africa (PRASA) on Tuesday said the majority of Johannesburg Park Station platforms will be closed with limited train services accessing the station between November 16 and December 16. PRASA said their modernisation programme aimed at rolling out new modernised... 

Municipal debt to Eskom climbs to R17bn

13th November 2018 The debt owed to Eskom by South Africa's municipalities continues to grow and had now reached R17-billion, Cooperative Governance Minister Zweli Mkhize told MPs on Tuesday.. "We have noted that debt stood at R14.3-billion and currently has gone up to R17-billion and that's just for Eskom and a... 

Ramaphosa heading to France, Belgium

12th November 2018 President Cyril Ramaphosa will this week lead a South African delegation on a working visit to the European Union (EU), International Relations Minister Lindiwe Sisulu said on Monday. "President Ramaphosa will from 14 to 15 November 2018 lead a South African delegation on a working visit to the... 

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