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The African News Agency is a news and content syndication service, focusing on news about Africa written by Africans for an African and international audience.

National Treasury warns of debt spiral, refutes criticism of reneging on spending commitments

3rd July 2020 National Treasury on Friday warned in a briefing to MPs that failure to arrest South Africa's debt trajectory would see borrowing costs consume almost a third of the national budget by 2024 and slammed proponents of greater government spending. Treasury said in a presentation to the standing and... 

SA petrol price to rise by up to 172 cents from July 1, government says

30th June 2020 The retail price of petrol in South Africa will increase by up to R1.72 (10 US cents) a litre from Wednesday while the wholesale price of diesel will rise by as much as R1.73, the department of mineral resources and energy said on Tuesday. The department said the retail price of illuminating... 

Transnet boosts capacity at Port of Cape Town to ease Covid-19 backlogs

30th June 2020 South Africa's state-owned rail, port and pipeline company Transnet said on Tuesday it had introduced a number of solutions for the operational backlogs at the Port of Cape Town due to Covid-19, including staff redeployment. In a statement, Transnet said to alleviate pressure at the terminals, 20... 

Unions slam public enterprises department over exit from SAA consultative forum

29th June 2020 The National Union of Metalworkers of South Africa and the South African Cabin Crew Association have slammed the decision by the department of public enterprises to abandon the leadership consultative forum set up to deliberate on troubled national carrier SAA. In a statement on Sunday, the... 

Eskom has plan to avoid unexpected power supply disruptions – Mabuza

26th June 2020 South Africa's state power utility Eskom has put a clear maintenance plan in place to avoid unexpected electricity supply disruptions, the country's Deputy President has said. In a written response on Thursday to questions in Parliament, David Mabuza said the government had taken a view that the... 

Treasury warns public finances dangerously overstretched

26th June 2020 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 overstretched in our public finances," Edgar Sishi, the acting head of the treasury's budget office,... 

Dam levels continue to drop in South Africa

25th June 2020 The Department of Water and Sanitation has revealed that South Africa's dam levels continue to decline as the country’s dry winter takes its toll on scarce water resources.  In a statement released on Thursday, it said dam levels were dropping, except for those in the Western Cape province.... 

Public enterprises dept offers final severance packages to SAA workers

25th June 2020 South Africa's public enterprises department said on Thursday it had offered final and fair voluntary severance packages to employees at struggling national carrier South African Airways which would be supported by a social plan including skills development. The government placed South African... 

Land Bank to get additional R3bn in extra budget, nothing for other SOEs

24th June 2020 South Africa's National Treasury on Wednesday said it would allocate an additional R3-billion to the recapitalise the Land Bank, but said no other in-year spending adjustments were proposed for state-owned companies in budget adjustments related to the Covid-19 crisis. In a supplementary budget... 

Gordhan says private sector showing interest in restructured SAA

23rd June 2020 The South African government has received proposals from funders and potential airline partners in the private sector eager to play a role in South African Airways if it is restructured into a new national carrier, the ministry of public enterprises said on Tuesday. "The South African government,... 

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