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Budget

Ramaphosa’s SoNA holds bold promises, but lacks finer details, says BLSA
15th February 2021 By: Donna Slater

In his February 13 State of the Nation Address (SoNA), President Cyril Ramaphosa highlighted factors that will serve to lift the economy, tackle Covid-19 and boost ailing electricity... 


SUGEN PILLAY
Cesa’s call to purposefully rebuild the economy and infrastructure will aim to foster an enhanced social compact between all industry partners and stakeholders
Industry body seeks purposeful rebuilding
12th February 2021 By: Darren Parker

The Consulting Engineers South Africa (Cesa) theme for this year is: Rebuilding with purpose. This is aimed at encouraging the engineering and construction sectors to pursue the rebuilding of the... 


VISHAAL LUTCHMAN
Government has not prioritised infrastructure development for the past decade and it will likely not prioritise it in 2021 either
Strategic forethought hindered by crisis mindset
12th February 2021 By: Darren Parker

With South Africa’s fiscus placed under immense strain as government attempts to combat the effects of the pandemic, South African Institute of Civil Engineering (Saice) CEO Vishaal Lutchman fears... 


PPE
SIU recovers R127m worth of dodgy PPE payments so far
5th February 2021 By: Marleny Arnoldi

The Special Investigating Unit's (SIU's) work has resulted in the recovery of R127-million of funds, which had been paid irregularly by the State to service providers of personal protective... 


Finance Minister Tito Mboweni
Treasury likely to maintain bond auction levels
4th February 2021 By: Bloomberg

South Africa’s National Treasury will probably keep the levels of its bond auctions constant until the end of the fiscal year, even with domestic-debt issuance running ahead of target. The Treasury... 


District Development Model to improve planning, implementation as South Africa embarks on economic recovery
29th January 2021 By: Donna Slater

The Covid-19 pandemic is providing a good socioeconomic testing ground for the newly rolled-out District Development Model (DDM), with its One Plan, One Budget strategy expected to alleviate... 


WEF yearly summit to be held in Singapore in May
8th December 2020 By: Donna Slater

The World Economic Forum (WEF) will convene its 2021 Special Annual Meeting in Singapore from May 13 to 16; and return to Davos-Klosters, in Switzerland, for the 2022 edition. The change in... 


Government departments implement initiatives to create more jobs
16th November 2020 By: Donna Slater

Various government departments have commenced with the rollout of President Cyril Ramaphosa’s plan to protect and create jobs as part of his emergency relief package that has been mobilised in the... 


PREVENTION BETTER THAN CURE 
Companies can minimise the risk of costly reactive maintenance as reactive maintenance only addresses problems as it arises
Maintenance saves companies’ bottom line
13th November 2020

With economic uncertainty levels reaching an all-time high, it is necessary to find creative and resilient ways to reduce budgets while boosting the bottom line. Preventive maintenance is often one... 


B4SA proposes alternatives to another hard lockdown in event of a second wave
10th November 2020 By: Donna Slater

To restore and boost investor and consumer confidence in South Africa, Business for South Africa (B4SA) is requesting certainty from government that there will not be another “hard economic... 


Next interim candidate appointed as FSCA commissioner
9th November 2020 By: Marleny Arnoldi

National Treasury has appointed Olano Makhubela interim commissioner of the Financial Sector Conduct Authority (FSCA) for a period of three months starting November 6. He is currently the... 


Covid-19 accelerates domestic sustainable finance market – Standard Bank
4th November 2020 By: Donna Slater

The Covid-19 pandemic has heightened the focus on climate change and financial instruments that promote sustainable economic development, Standard Bank group CEO Sim Tshabalala noted in the latest... 


Economic Reconstruction and Recovery Plan presents opportunity to build a better economy, says Saice
4th November 2020 By: Donna Slater

The Economic Reconstruction and Recovery Plan tabled by President Cyril Ramaphosa in October, provides an opportunity to build a better structured economy, reports South African Institution of... 


THE ROAD TO RECOVERY
The DBSA sees roads infrastructure and other transport sector infrastructure as key to stimulating economic growth and social inclusion
Bank to play pivotal role in recovery plan
30th October 2020 By: Cameron Mackay

State-owned development finance institution Development Bank of Southern Africa (DBSA) is looking to accelerate playing a meaningful role in the economic recovery of the country by assisting in... 


Medium-term budget highlights
Medium-term budget highlights
29th October 2020

  Creamer Media's Chanel de Bruyn speaks to Creamer Media Editor Terence Creamer about the new fiscal framework presented by Finance Minister Tito Mboweni during his Medium-Term Budget Policy... 


Budget policy critical to economic recovery from Covid-19, says BLSA
26th October 2020 By: Donna Slater

This week is an important one in that South Africa’s Medium-Term Budget Policy Statement (MTBPS) will be presented by Finance Minister Tito Mboweni on October 28, having the potential to support a... 


BLSA implores Mboweni to prioritise revenue collection in MTBPS
23rd October 2020 By: Marleny Arnoldi

In an open letter from Business Leadership South Africa (BLSA) addressed to Finance Minister Tito Mboweni, the organisation asks that the Medium Term Budget Policy Statement (MTBPS) "aggressively... 


Finance Minister Tito Mboweni
Mboweni requests to move MTBPS to October 28
14th October 2020 By: Marleny Arnoldi

Finance Minister Tito Mboweni has asked for an extended timeframe to table the 2020 Medium Term Budget Policy Statement. The Speaker of the National Assembly acceded to the request for the Minister... 


SA Mint pays homage to eye surgery invention in latest crown, tickey series
7th October 2020 By: Marleny Arnoldi

The South African Mint (SA Mint) has again shined a light on the retinal cryoprobe, which is featured on its 2020 crown and tickey coin series. The South African Reserve Bank subsidiary has since... 


National Treasury launches Covid procurement spend dashboard
5th October 2020 By: Marleny Arnoldi

Further to President Cyril Ramaphosa’s directive to organs of State in August to submit information around their Covid-19 procurement, the National Treasury has published an interactive Covid-19... 


Civil society organisations urge leaders to tackle corruption
1st September 2020 By: Donna Slater

In an open letter addressed to President Cyril Ramaphosa and Finance Minister Tito Mboweni, Corruption Watch executive director David Lewis and Public Affairs Research Institute executive director... 


Treasury goes live with info on State Covid-19 procurement contracts
26th August 2020 By: Marleny Arnoldi

The Presidency on August 26 confirmed that all Covid-19-related government expenditure has been published online. The Office of the Chief Procurement Officer has published a full list of all... 


B4SA disappointed at TERS payment suspension
26th August 2020 By: Donna Slater

Business for South Africa (B4SA) is disappointed that all payments of Unemployment Insurance Fund (UIF) Temporary Employer/Employee Relief Scheme (TERS) benefits have been halted pending... 


Covid-19 severely impacts business confidence, unemployment
17th August 2020 By: Donna Slater

Strategy and investment consulting firm Singular Group says the Covid-19 pandemic has severely impacted South Africa’s economy, to such an extent that business confidence is at an all-time low, 22%... 


More German experts coming to help reactivate South African industry
14th August 2020 By: Rebecca Campbell

The German embassy in South Africa expects further technical experts from that country to arrive in South Africa, subject to the approval of the South African government. The first contingent of... 


UIF TERS extended July/August applications to open next Monday
13th August 2020 By: Donna Slater

The Unemployment Insurance Fund (UIF) will open and begin processing the July/August Covid-19 Temporary Employee Relief Scheme (TERS) benefits applications from August 17. This follows the signing... 


EU liquor trading partner puts pressure on South African govt to lift alcohol ban
11th August 2020 By: Marleny Arnoldi

In a statement, the liquor industry of South Africa has acknowledged the concerns raised by SpritsEurope around imbalances in trade between South Africa and the European Union (EU), owing to the... 


Absa revises GDP forecast on better-than-expected data
4th August 2020 By: Donna Slater

Based on better-than-expected data arising from the first and second quarters of the year, financial services company Absa has revised down its forecast for the gross domestic product (GDP)... 


Solidarity Fund ramps up farming, food assistance
31st July 2020 By: Marleny Arnoldi

South Africa’s national Solidarity Fund has ramped up its efforts to bring relief to those most affected by the Covid-19 pandemic. The fund has been focusing its efforts since its inception in... 


NEIL GOPAL
There needs to be urgent intervention at local municipal level
Difficult times ahead for property sector
31st July 2020 By: Darren Parker

Following the significant challenges because of the Covid-19 outbreak, the outlook for the South African commercial and industrial property sector for next year remains somewhat bleak, says South... 


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... 


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