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Budget

VUYISWA MUTSHEKWANE
It is not business as usual and things are unlikely to return to normal anytime soon
Economic recovery interventions present hope
31st July 2020 By: Darren Parker

South African Institute of Black Property Practitioners (SAIBPP) CEO Vuyiswa Mutshekwane says it is encouraging to already see a number of the proposals being put into practice from the SAIBPP’s... 


With IMF loan granted, govt has a chance to embed pro-growth economic reforms
28th July 2020 By: Marleny Arnoldi

North West University Business School economist Professor Raymond Parsons says the timing of the International Monetary Fund’s (IMF’s) loan to South Africa again emphasises the extent to which the... 


Gauteng Premier David Makhura
Gauteng Premier recovers from Covid-19, resumes duties
23rd July 2020 By: Sane Dhlamini

Gauteng Premier David Makhura has recovered from the novel coronavirus and has already resumed his official duties by joining Thursday’s virtual sitting of the Gauteng Provincial Legislature, where... 


AfDB approves R5bn loan for South Africa's Covid-19 fight
23rd July 2020 By: Donna Slater

The African Development Bank (AfDB) board has approved a loan of about R5-billion ($288-million) to the government of South Africa, as the country battles one of the largest Covid-19 caseloads in... 


Agri SA bemoans agriculture programme budget cuts
Agri SA bemoans agriculture programme budget cuts
22nd July 2020 By: Marleny Arnoldi

Industry body Agri SA says the Department of Agriculture, Land Reform and Rural Development’s salary bill should be cut by a higher amount rather than the cuts announced in funding for programmes... 


CW report highlights impact of corruption in health sector
CW report highlights impact of corruption in health sector
22nd July 2020 By: Sane Dhlamini

Not for profit organisation Corruption Watch (CW) on Wednesday released its ‘X-Ray: The critical state of the health sector in SA’ report which aims to uncover the impact of corruption in the... 


Sars losing out on R5bn in excise duties, says alcohol industry
Sars losing out on R5bn in excise duties, says alcohol industry
20th July 2020 By: Marleny Arnoldi

The renewed prohibition of alcohol sales has resulted in the South African alcohol industry having no choice but to apply for a deferment of payment of excise duties to the South African Revenue... 


DMRE budget slashed by R1.5bn
14th July 2020 By: Donna Slater

The Department of Mineral Resources and Energy’s (DMRE’S) budget for the 2020/21 financial year has been reduced by R1.5-billion, from the initial R9.3-billion, owing to the impact of the Covid-19... 


CoJ council has until Friday to approve budget
CoJ council has until Friday to approve budget
6th July 2020 By: Sane Dhlamini

Gauteng Cooperative Governance MEC Lebogang Maile has urged  the City of Johannesburg Municipal Council to put the interest of the residents of the City first following its failure to approve an... 


BLSA CEO Busi Mavuso
Roles of govt, business in restarting economy need clearer definition, says BLSA
6th July 2020 By: Donna Slater

In her weekly newsletter, Business Leadership South Africa (BLSA) CEO Busi Mavuso says a clearer perspective of the roles and responsibilities of business and government needs to be established as... 


Finance Minister Tito Mboweni
Treasury warns public finances dangerously overstretched
26th June 2020 By: African News Agency

South Africa's finances are overstretched and unable to weather another severe shock, a senior National Treasury official warned on Thursday. "We are now in a position where we are dangerously... 


South Africa too rich for relief even as fiscal reckoning looms
South Africa too rich for relief even as fiscal reckoning looms
25th June 2020 By: Bloomberg

Too rich for debt relief available to most African nations and hobbled by its politics, South Africa is facing a public financing crisis. Debt levels will continue to rise, peaking in 2024 and only... 


Cogta Minister Nkosazana Dlamini-Zuma
Covid-19 has exposed weaknesses in our communities – Dlamini-Zuma
23rd June 2020 By: Sane Dhlamini

Cooperative Governance and Traditional Affairs (Cogta) Minister Dr Nkosazana Dlamini-Zuma on Tuesday declared that the coronavirus (Covid-19) pandemic has exposed the weaknesses and deep fault... 


President Cyril Ramaphosa
No quick fixes for economy – Ramaphosa
22nd June 2020 By: Sane Dhlamini

President Cyril Ramaphosa warned on Monday that there would be no quick fixes for the economy as government gears up to launch its Sustainable Infrastructure Development Symposium on Tuesday. The... 


South Africa rand weaker as budget risk raises second wave Covid-19 fears
South Africa rand weaker as budget risk raises second wave Covid-19 fears
22nd June 2020 By: Reuters

South Africa's rand weakened early on Monday, reflecting the gloom in global markets as fears of a second wave of coronavirus infections around the world increased investor jitters ahead of a local... 


Finance Minister Tito Mboweni
Deloitte discusses funding options ahead of Mboweni’s special adjustment budget
18th June 2020 By: Simone Liedtke

With the coronavirus, or Covid-19, pandemic having forced every South African to “radically reassess any plans he or she may have had for 2020”, no one has had to do so more than Finance Minister... 


Labour department starts auditing UIF payments to ensure compliance
15th June 2020 By: Donna Slater

Employment and Labour Minister Thulas Nxesi reports that, during the second week of June, the Unemployment Insurance Fund (UIF) appointed auditors to investigate whether money paid to employers, to... 


Mavuso laments all-time low in business confidence
15th June 2020 By: Donna Slater

Business Leadership South Africa (BLSA) CEO Busi Mavuso says business confidence in South Africa is destroyed. In a weekly newsletter, she points out that the latest Rand Merchant Bank/Bureau of... 


Investment summit to go virtual
10th June 2020 By: Donna Slater

In the wake of the Covid-19 pandemic and the forced cancelation of mass gatherings, the South African Innovation Summit (SAIS) will be presented in a new and virtual way this year, with the first... 


Transnet reopens Pretoria freight line
8th June 2020 By: Simone Liedtke

State-owned Transnet has reopened its freight line from the Pretoria complex to Pyramid station, following years of closure owing to challenges with cable theft and sabotage. The line has been out... 


Solidarity Fund flies in essential PPE for frontline healthcare workers
8th June 2020 By: Donna Slater

The Solidarity Fund has taken delivery of a consignment of personal protective equipment (PPE) as part of its health and humanitarian intervention to provide much-needed PPE for frontline... 


Ramaphosa tables support for 2yr debt standstill for African countries
29th May 2020 By: Donna Slater

Addressing members of the African Union (AU) on development financing for developing countries in the era of Covid-19, chairperson and South African President Cyril Ramaphosa said Africa was... 


BBC, Treasury discuss how to enhance impact of R200bn loan guarantee scheme
29th May 2020 By: Donna Slater

Black professional, business associations and chambers confederation, the Black Business Council (BBC), led by its president Sandile Zungu, and the National Treasury, led by the Deputy Finance... 


Africa's debt burden to rise from Covid-19 capital disinvestments
28th May 2020 By: Donna Slater

As a result of the economic impact of Covid-19, there have been significant outflows of capital from emerging markets, many in Africa, thus far this year, as risk appetite weakens significantly and... 


SARB Governor Lesetja Kganyago
Reserve Bank running out of space to keep lowering interest rates – Kganyago
25th May 2020 By: News24Wire

The South African Reserve Bank has slashed the repo rate by 275 basis points this year to provide relief to indebted consumers and businesses as they navigate the economic shock of the coronavirus... 


Household wealth takes R830bn knock quarter-on-quarter
Household wealth takes R830bn knock quarter-on-quarter
25th May 2020 By: Marleny Arnoldi

A new study by insurance provider Momentum and the University of South Africa has found that households’ real net wealth had decreased by about R828-billion from the fourth quarter of last year to... 


CHRISTELLE BOWN 
It is important to address the difficulties caused by the onerous conditions prescribed when tendering for professional services
Pandemic heightens existing construction sector woes
22nd May 2020 By: Mamaili Mamaila

Challenges in the construction sector will continue to prevail if construction sites remain closed, owing to South Africa’s national lockdown, says Association of South African Quantity Surveyors... 


L2D says pandemic impacting on occupancy rates
20th May 2020 By: Simone Liedtke

Rental income for real estate investment trust (Reit) Liberty 2 Degrees (L2D) for the quarter ended March 31 has been largely in line with expectations, but Covid-19-related restrictions started to... 


Tips launches Covid-19 weekly monitor
15th May 2020 By: Donna Slater

To assist individuals, economic stakeholders and policy makers in managing the Covid-19-related risks of re-opening the South African economy, the Trade and Industrial Policy Strategies (Tips) is... 


 Mboweni, Reserve Bank kick off loan guarantee scheme to save banks, consumers
Mboweni, Reserve Bank kick off loan guarantee scheme to save banks, consumers
12th May 2020 By: News24Wire

A multi-billion loan guarantee scheme announced by President Cyril Ramaphosa last month is set to begin operating from Tuesday, with the assistance of the country’s major banks, including FNB,... 


Even developed economies will take time to recover from Covid-19 impact
8th May 2020 By: Marleny Arnoldi

Asset manager Investec says a meaningful recovery from recession internationally and locally will depend on the rapidity of exit from lockdown restrictions, broad-based support measures and a... 


Africa50 aids Covid-19 fight in three phases
5th May 2020 By: Marleny Arnoldi

Infrastructure investment platform Africa50 has granted $300 000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for it to buy test kits and other medical equipment, as well... 


 SA takes joint first place in 2019 open budget survey
SA takes joint first place in 2019 open budget survey
5th May 2020 By: African News Agency

South Africa has once again come joint first with New Zealand in the 2019 Open Budget Index conducted by the International Budget Partnership through an Open Budget Survey. The win is in... 


Government provides detail on economic measures in response to Covid-19
30th April 2020 By: Simone Liedtke

The Covid-19 pandemic has led to a severe global economic crisis, the extent and duration of which is still uncertain. With South Africa’s economic models not being well-suited to assess a global... 


Productivity SA proposes economic recovery plan
29th April 2020 By: Donna Slater

Employment growth and productivity promotion agency Productivity SA has drawn up a document to potentially address economic shortcomings brought about by the spread of Covid-19 and economic... 


Gold likely to rise as global Covid-19 restrictions start to ease
24th April 2020 By: Donna Slater

Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with... 


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