South Africa

National Treasury says South Africa is at a crossroads, as revenue is projected to fall short of the budgeted estimate by R27.4 billion this year.

The National Treasury will reprioritise money from unspent funds and tap into the contingency reserve to recapitalise the South African Airways, SA Express and the Post Office.

Finance Minister Tito Mboweni says government proposes that come April 2019, three items, including sanitary pads, will be added to the zero-rated list.

Government will reprioritise funds to make R350 million available to recruit new health professionals, says Finance Minister Tito Mboweni.

Government will maintain its expenditure ceiling and contain the public service compensation budget as a push is made to retain fiscal discipline, the National Treasury said on Wednesday.

Finance Minister Tito Mboweni has instructed his department to work with the Department of Water and Sanitation to take action against officials fingered for corruption in the Giyani water crisis.

The budget deficit for the 2018/19 financial year is expected to widen to 4.3% of the Gross Domestic Product (GDP) – which is higher than the 2018 Budget estimate of 3.8%.

Government is attending to the sanitation issues faced by schools around the country, Finance Minister Tito Mboweni said on Wednesday.

Minister of Cooperative Governance and Traditional Affairs (Cogta) Dr Zweli Mkhize has condemned attacks and acts of intimidation on staff of the Auditor-General of South Africa (AGSA).

Government on Wednesday announced the proposed reprioritisation of R32.4 billion over the next three years as part of reforms to boost the South African economy.

National Treasury will develop a framework to address governance and financial performance for national departments in distress.

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

The specifics of the infrastructure fund, announced as part of South Africa’s stimulus package, will be announced in the February 2019 Budget.

The Gauteng dams have recorded a whopping 98% level following heavy rains in most parts of the province last weekend, making the dams the fullest in the country.

National Police Commissioner General Khehla Sitole has condemned the brutal killing of two police officers in one day.