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South Africa

Ex-municipal senior official arrested in VBS saga

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The Directorate for Priority Crime Investigation (Hawks) has confirmed the arrest of a former Merafong Local Municipality senior official for allegedly illegally depositing funds into the collapsed VBS Mutual Bank.

Deputy President to brief Parliament on Eskom, drought efforts

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Deputy President David Mabuza will today brief Parliament on the work of the Political Task Team on Eskom and government’s plan to ensure the long-term sustainability of the power utility, during an Oral Reply Session in the National Assembly.

Projects postponed, funds redirected to COVID-19

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In preparing the 2020 Supplementary Budget, National Treasury and national departments have conceded that certain projects and programmes will have to be postponed from the 2020/21 financial year.

Budget share revised

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The National Treasury has revised the 2020 Budget national share from R758 billion to R790 billion, Finance Minister Tito Mboweni has revealed while delivering his Supplementary Budget on Wednesday.

Infrastructure expenditure still a priority

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While the COVID-19 pandemic is likely to derail government expenditure on infrastructure projects, Finance Minister Tito Mboweni has told Parliament that the State would have to resume these post-lockdown.