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Budget

Company to exhibit at Enlit Africa in June
27th May 2022

With advanced submetering instrumentation and intelligent energy management solutions, industrial power and energy meter solution manufacturer Accuenergy is proud to be exhibiting at Africa's... 


Energy transition to be discussed at Enlit
27th May 2022

As South Africa experiences yet another period of load-shedding, the option of generating electricity for personal use is starting to look all the more attractive. 


An image of a battery that stores energy from the solar PV
Workable solutions to mitigate SA’s energy crisis
27th May 2022

South Africans have become accustomed to working and living with load-shedding over the past few years. Scheduled and unscheduled power outages have become a reality, with 1 130 hours of planned... 


Image of water waste treatment plant under construction
Water solutions for Makana Municipality
27th May 2022

Water service utility Amatola Water, Makana municipality and consulting engineering company Bosch Projects continue to work hard to solve the water shortages in Makhanda, formerly Grahamstown, in... 


Tau outlines GDED budget progress
20th May 2022 By: Natasha Odendaal

As Gauteng Economic Development; Environment, Agriculture and Rural Development MEC Parks Tau delivered the 2022/23 departmental budgets, he outlined the progress that Gauteng has made across the... 


Gauteng Provincial Treasury budget focuses on economy, own revenue improvement
20th May 2022 By: Creamer Media Reporter

Gauteng Finance and e-Government MEC Nomantu Nkomo-Ralehoko is focusing on jobs and the economy in the last two-and-a-half years of this political term of government amid significant challenges... 


A photo of Lee-Hendor Ruiters speaking at teh launch of the The South African Industry Adaption (SAIA) project which was launched last month to accelerate South African industry’s energy and water transition a collaboration between the governments of South Africa and Flanders, in Belgium, and the United Nations Industrial Development Corporation
Project launched to fast-track energy, water transition
13th May 2022 By: Halima Frost

The South African Industry Adaption (SAIA) project was launched last month to accelerate South African industry’s energy and water transition to a decarbonised, green and inclusive economy, as well... 


Human Settlements Minister Mmamoloko Kubayi
Kubayi prioritises faster delivery of housing in 2022/23 budget
10th May 2022 By: Marleny Arnoldi

Human Settlements Minister Mmamoloko Kubayi has tabled her department’s Budget Vote for the 2022/23 financial year at a time when there is rising demand for reform on housing delivery and... 


An image of Wayne Alcock MD at Quyn International
Delaying projects puts pressure on limited skills
22nd April 2022 By: Anna Moross

The delay of emergency-generation capacity projects – all part of the Risk Mitigation Independent Power Producers Procurement Programme (RMIPPPP) – because of the powership court case, will not... 


Treasury launches Retail Savings Bonds Top-Up facility
1st April 2022 By: Donna Slater

The National Treasury on April 1 launched its Republic of South Africa (RSA) Retail Savings Bonds Top-Up facility, offering applicants and savings groups the ability to invest with an opening... 


Public Works dept clears unpaid invoice backlog
14th March 2022 By: Donna Slater

Public Works and Infrastructure Minister Patricia de Lille reports that “notable progress” has been made by the Department of Public Works and Infrastructure (DPWI) on paying unpaid invoices from... 


a photo of the IMF logo
New SAIIA paper highlights IMF's role in supporting South Africa's just transition
2nd March 2022 By: Darren Parker

Global finance organisation the International Monetary Fund (IMF) has an important role to play in supporting South Africa’s just transition away from fossil-fuel dependence, independent think-tank... 


Pic of South African Finance Minister Enoch Godongwana
Industry cautiously optimistic following Godongwana’s maiden Budget
25th February 2022 By: Simone Liedtke

In spite of South Africa’s construction sector being one of the country’s slowest-growing sectors of the last decade, economic consultancy Econometrix chief director and economist Dr Azar Jammine... 


Social housing
SHRA encouraged by social housing progress
25th February 2022 By: Darren Parker

The Social Housing Regulatory Authority (SHRA) has said it is “encouraged” by government’s commitment to the development of social housing across South Africa, following Finance Minister Enoch... 


City of Johannesburg logo
CoJ passes Adjustment Budget, which prioritises infrastructure
25th February 2022 By: Marleny Arnoldi

The City of Johannesburg (CoJ) has passed its Adjustment Budget through its Council to see it through to the end of the 2021/22 financial year in June. The CoJ says the Adjustment Budget is, in... 


Fitch Ratings logo
Ratings agency Fitch pours cold water on Godongwana's budget
24th February 2022 By: News24Wire

Fitch Ratings, one of the big three ratings agencies on which SA depends for its credit rating, has expressed doubt that Treasury has the ability to contain government spending pressures following... 


Increased spend on economic development over medium term is modest, but intended to be potent
23rd February 2022 By: Marleny Arnoldi

Expenditure on economic development will increase at an average annual rate of 8.5% over the next few years, from R201-billion in 2021/22 to R256-billion in 2024/25, the National Treasury revealed... 


Treasury launches bounce-back support scheme for SMEs
23rd February 2022 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has announced that the National Treasury will launch a new business bounce-back scheme to support small and medium-sized enterprises (SMEs) that remain in distress... 


Carbon Tax Phase 1 extended to end-2025
23rd February 2022 By: Marleny Arnoldi

Government has extended the first phase of South Africa’s Carbon Tax by three years to December 31, 2025, in an effort to support businesses in their clean transition endeavours. This means that... 


An attendee pumping petrol
No fuel levy, RAF levy increases for 2022/23
23rd February 2022 By: Marleny Arnoldi

There will be no increase in either the general fuel levy or the Road Accident Fund (RAF) levy in 2022/23. The National Treasury has, instead, turned its focus to providing an overall R5.2-billion... 


An SAA aircraft
Minister reiterates ‘tough love’ approach to SOE fiscal dependence
23rd February 2022 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has reiterated his commitment to clamp down on State-owned entities (SOEs) that are draining the fiscus with bailouts. Delivering his Budget 2022 speech on... 


Finance Minister Enoch Godongwana
Godongwana says ‘tide is turning’ but mulls new fiscal anchor to fully restore sustainability
23rd February 2022 By: Terence Creamer

Finance Minister Enoch Godongwana insists South Africa’s fiscal sustainability tide is turning but also signalled on Wednesday that government is considering the introduction of a new “fiscal... 


An image of Eskom's head office
Godongwana urges Eskom to sell assets as he confirms R88bn in new support
23rd February 2022 By: Terence Creamer

Finance Minister Enoch Godongwana confirmed that Eskom will receive a further R88-billion in government support until 2025/26 and that a comprehensive debt solution was still being explored for the... 


An image of solar panels, wind turbines and power pylons
Govt signals reduction or elimination of guarantees for REIPPPP projects
23rd February 2022 By: Terence Creamer

A government study is currently under way to explore alternative support for the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the National Treasury states in its... 


 	A photo of Terence Creamer
Budget 2022 highlights
23rd February 2022 By: Creamer Media Reporter

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the highlights of Finance Minister Enoch Godongwana's maiden Budget speech. 


Be mindful not to interpret 2021 economy windfall as long-term prosperity – Roux
22nd February 2022 By: Donna Slater

Ahead of Finance Minister Enoch Godongwana’s budget speech on February 23, University of Stellenbosch Business School economist Andre Roux says it would be “premature and foolhardy” to interpret... 


An image of Rosemary Anderson
Fedhasa hopeful tourism, hospitality industry will get more than footnote mention in budget speech
21st February 2022 By: Donna Slater

Hospitality industry representative body the Federated Hospitality Association of South Africa (Fedhasa) reports that South Africa’s tourism and hospitality industry hopes to receive greater... 


Govt, Stats SA encourage South Africans to participate in census
17th February 2022 By: Donna Slater

Government and Statistics South Africa (Stats SA) are encouraging anyone within the borders of South Africa to cooperate with census field workers and representatives as Stats SA performs the 2022... 


A photo of a sugar cane farmer holding a crop of sugar cane
Sugarcane farmers receive R60m in premium price payments
31st January 2022 By: Darren Parker

Sugarcane farmers received about R60-million worth of premium price payments on January 31 as agreed by the Small-Scale Grower Masterplan Task Team in accordance with the process laid out in the... 


Finance Minister Enoch Godongwana
Godongwana to table 'inaugural' budget on 23 February
20th January 2022 By: News24Wire

Finance Minister Enoch Godongwana will table the national budget on 23 February, 2022. The ministry of finance on Thursday issued an advisory - highlighting that this would be the minister's... 


Rand facing Covid-19, political risks in 2022 – DG Capital
11th January 2022 By: Donna Slater

Although the rand ended 2021 “on the back foot” at R15.89/$, the Omicron variant of Covid-19 will remain a significant unknown in the financial market for 2022 as it is proving to be more... 


Municipalities spend 21.5% of R521.3bn budget in the first quarter
10th December 2021 By: Donna Slater

The National Treasury reports that, on aggregate, municipalities spent 21.5% (R111.9-billion) of the total adopted expenditure budget of R521.3-billion for the first quarter of the 2021/22... 


Photo of Terence Creamer
Medium-term budget
11th November 2021 By: Terence Creamer

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the key highlights from Finance Minister Enoch Godongwana's maiden mini-Budget, the spending pressures ahead... 


Minerals Council welcomes focus on structural reforms in MTBPS
11th November 2021 By: Creamer Media Reporter

The country requires a continued focus on stabilising the nation’s public finances and, most importantly, the critical need to implement more aggressive structural and institutional reforms that... 


Finance Minister Enoch Godongwana
Godongwana describes commodity windfall as temporary as he holds consolidation line
11th November 2021 By: Terence Creamer

Finance Minister Enoch Godongwana indicated on Thursday that government regarded the revenue windfall that had arisen as a result of higher commodity prices as temporary and confirmed that fiscal... 


Debt servicing costs contribute huge chunk of medium-term expenditure
11th November 2021 By: Marleny Arnoldi

Government’s rising debt service costs, at about R1-trillion over 2022/23 to 2024/25, is crowding out spending on service delivery functions. Debt service costs will, on average, consume 21c of... 


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