With the capital cost of the Lake Charles Chemicals Project (LCCP) in May forecasted as $12.9-billion, as opposed to the initial $12.6-billion forecast in February, Petrochemical producer Sasol’s... 

Further tax hikes will not be helpful in raising revenue, as intended, the Financial Fiscal Commission warned. The commission, which is a constitutional body that advises all organs of state on... 

After spending almost three-quarters of a billion rand on the three parliamentary villages, its upkeep and transport the past 10 years, the Department of Public Works is planning another project,... 

Creamer Media’s Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about the deterioration in South Africa’s public finances, what Tito Mboweni said in his Medium-Term Budget Policy... 

Cannon Asset Managers founder and CEO Dr Adrian Saville believes the upcoming Medium-Term Budget Policy Statement (MTBPS) might be the most important one for South Africa yet. With a resurgence... 

The Gauteng departments of Health, Education and Infrastructure Development have driven the Gauteng Provincial Government’s collective 97% spend of its total adjusted budget for the 2018/19... 

Minister of Finance Tito Mboweni will this year present his Medium-Term Budget Policy Statement on October 30, about a week later than is the norm.  National Treasury and the chairperson of the... 

The business rescue practitioners (BRPs) for embattled construction company Group Five Construction (G5 Construction), Dave Lake and Peter van den Steen, have released the business rescue plans for... 

President Cyril Ramaphosa said on Tuesday that, while South Africa has come a long way 25 years into democracy, there have been crucial policy missteps, and he admitted that government has, at... 

Black Business Council (BBC) CEO Kganki Matabane on Thursday welcomed the South African Reserve Bank (SARB) Monetary Policy Committee’s decision to cut the repo rate by 25 basis points to 6.5% from... 

The Black Business Council (BBC) has welcomed the announcement that R40-billion in financial support will be made available for the Black Industrialists Programme over five years. “To enhance the... 

Newly appointed Environment, Forestry and Fisheries Minister Barbara Creecy delivered her R7.5-billion budget vote statement in the National Assembly on Thursday, emphasising the socioeconomic... 

The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross... 

One cannot develop South Africa with a blanket approach, without consultation and discussion and these interactions should not be confined to the election season only, Inkatha Freedom Party MP... 

Despite the concerns of Finance Minister Tito Mboweni, South Africa’s 2019 budget saw a real-terms increase in Government spending. Gross national debt will increase to about 60% in the financial... 

The world is in an era of populism and nationalism, marked by the rapid rise of politicians echoing the message of a “selfish” State, effectively making the geopolitical landscape a treacherous... 

If the fiscus continues on its current trajectory, South Africa will run out of money by 2042, members of Parliament have heard. The Standing Committee on Finance held public hearings on the Budget... 

Cova Advisory on Friday said the 2019 Budget, presented by Finance Minister Tito Mboweni on Wednesday, was “disappointing” with regard to support for manufacturing, with the manufacturing... 

Although the temporary employment sector has been under pressure over some years it has now reached a level they are regarded as legitimate for sectors in an open economy.  The industry continues... 

Despite the contribution of the construction sector to local economic activity being inconsistent, and having decreased significantly over the years, Constructional Engineering Association (CEA)... 

Construction materials company AfriSam CEO Rob Wessels expects “a tough 2019”, especially amid ongoing political and policy uncertainty. Wessels was, on Thursday, joined by political analyst Aubrey... 

Finance Minister Tito Mboweni told MPs on Thursday there is "no endless supply of cash" in government, and the state has no printing press to magic new funds.  Following on from his maiden Budget... 

Business Unity South Africa (Busa) said on Wednesday that it was disappointed at the lack of bold steps to contain government debt in the budget, saying that the budget lacked reforms to turn the... 

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about Finance Minister Tito Mboweni’s announcement of a R69-billion bailout for Eskom over three years, how this... 

The 2019 presidential address of industry body Consulting Engineers South Africa (Cesa) president Neresh Pather, which he delivered with cautious optimism, calling for a transparent drive for the... 

With Finance Minister Tito Mboweni scheduled to deliver the 2019 Budget Speech, in Cape Town, on February 20, expectations are high as the country waits to hear how he plans to balance competing... 

The South African Institute of International Affairs (SAIIA) and the Brookings Institution’s Africa Growth Initiative (AGI) launched the Foresight Africa report on Monday, in Johannesburg,... 

Finance Minister Tito Mboweni is inviting South Africans to share their views about economic conditions and other issues that they would like government to highlight in the Budget, which the... 

Finance Minister Tito Mboweni, who will deliver the 2019 Budget on February 20 in Cape Town, has called on South Africans to send him and his team ideas on how South Africa can boost its economic... 

Project Bloodhound, the initiative to break the land-speed world record, has been halted, owing to a lack of funds, BBC News and other media reported at the weekend. Engineering News in October... 

Owing to the global trade war in steel prices, local manufacturers, such as local steel fabricator Fabcon, are finding it difficult to quote for long-term construction projects. “The stockholding... 

The drive to import certain quantities of steel has gained impetus during 2018, as a result of some doubts in the steel manufacturing industry about the ability of local mills to produce the... 

The South African Reserve Bank’s (SARB’s) last Monetary Policy Committee (MPC) meeting for this year is under way, with SARB governor Lesetja Kganyago expected to announce the outcome on Thursday.... 

Industry body Consulting Engineers South Africa (Cesa) welcomes government’s focus on infrastructure development in support of economic recovery and job creation, as illustrated in Finance Minister... 

The medium-term budget seems to have done little to allay business and consumer fears as the rand was not convinced on Thursday by reforms announced by government. Finance minister Tito Mboweni on...