South Africa

The roll-out of the much-anticipated National Health Insurance will require an addition R33 billion annually from the 2025/26 financial year.

Finance Minister Tito Mboweni has outlined a raft of cost-cutting measures that will see government save billions of rands in the public sector wage bill.

The National Treasury has tabled before Parliament a litany of options the state has to consider if it is to improve efficiency and reduce wasteful expenditure.

The National Prosecuting Authority (NPA) and South African Revenue Service (SARS) will, respectively, receive an additional R1.3 billion and R1 billion over the next two years as government bolsters corruption fighting efforts and improve revenue collection.

Governance failures and poor operational performance at some state owned companies continue to pose a risk to the fiscus, National Treasury said on Wednesday.

Government has resolved to retain the user pay principle in the contentious Gauteng e-tolls matter.

National Treasury has set up a Financial Action Task Force in an effort to curb illicit cross‐border flows and tax evasion.

With 10 days of no load shedding, the probability of load shedding for the rest of this week is low, Eskom said on Wednesday.

South Africans are anticipating an update today on the economy’s health as Finance Minister Tito Mboweni is scheduled to table the Medium Term Budget Policy Statement (MTBPS) in Parliament, this afternoon.

Fuel prices are set for a slight drop in the wake of oil price retreats in October.

Youth from the North West, who have completed Cultural Tourist Guiding Training in Khayakulu village in the Bojanala District Municipality, have been awarded tour guide certificates.

The Basic Education Department (DBE) has rejected what it calls the “misrepresentation of facts regarding some of the content” in its Life Orientation subject.

KwaZulu-Natal Finance MEC Ravi Pillay has brought smiles to Buhle Bengqondo by donating the Co-operative with much-needed equipment.

In the build-up to the South Africa Investment Conference and the Africa Investment Forum, taking place next month, the Gauteng Provincial Government is hosting the Southern Africa-Europe CEO Dialogue.

According to the Quarterly Labour Force Survey released by Statistics South Africa on Tuesday, South Africa’s unemployment rate increased by 0.1 of a percentage point to 29.1% in the third quarter of 2019.