South Africa

KwaZulu-Natal Finance MEC, Francois Rodgers has welcomed the 2024 Medium Term Budget Policy Statement (MTBPS) presented by Finance Minister, Enoch Godongwana.

The first 100 days as Deputy Minister of Forestry, Fisheries, and the Environment, under the Government of National Unity (GNU), have been a period of significant learning and action.

The Department of Water and Sanitation (DWS) has reaffirmed its commitment to addressing climate change and its impact on water resources and sanitation services across the country.

The Ministry of Cooperative Governance and Traditional Affairs (CoGTA) says it is deeply disturbed by the recent surge in brutal killings of traditional leaders in South Africa, including the tragic loss of Eastern Cape traditional leader Nkosikazi Thenjiwe Eunice “Nogcinile” Mtirara.

The Department of Public Works and Infrastructure says it will accelerate the implementation of the Expanded Public Works Programme (EPWP) to meet the set target of millions of work opportunities.

Eight suspects have been arrested and illicit goods valued at R572 490 have been seized in a police operation in Gauteng.

Water and Sanitation Deputy Minister, Sello Seitlholo, has expressed concern over water infrastructure vandalism in the Eastern Cape.

National Treasury expects improved growth prospects for the South African economy, despite slowing projected growth of some 1.1% in 2024 – down from the projected 1.3% earlier this year.

Finance Minister Enoch Godongwana has told Parliament that in order for government to achieve its goals of, amongst others, inclusive growth and reducing unemployment, the country must better manage its debt.

Revenue from tax collection in 2024/25 is expected to be down by R22.3 billion from National Treasury’s estimations made in February this year.

Minister of Finance Enoch Godongwana has announced reforms that will create conditions to attract greater infrastructure investment by private sector particpation.

Finance Minister Enoch Godongwana says government non-interest expenditure is expected to increase in 2024/25.

Government is expected to launch the next phase of Operation Vulindlela aimed at accelerating the implementation of structural reforms.

Over the medium term, government will anchor its economic growth strategy on four key areas in order to support inclusive growth.

As part of efforts to exit the Financial Action Task Force (FATF) grey list, government will establish a shared forensic capability within the Financial Intelligence Centre to strengthen efforts to exit the grey list.