South Africa

Government will over the next three years, implement a fiscal strategy aimed at consolidating public finances and reducing risk to the country’s economy, said National Treasury.

The South African economy will over the next three years grow by a moderate 1.6%, the National Treasury projects.

National Treasury is doing everything necessary to prevent greylisting by the Financial Action Task Force (FATF), says Finance Minister Enoch Godongwana.

Finance Minister Enoch Godongwana says National Treasury is devising a plan that will see the country’s procurement and financial accountability system strengthened.

Government expenditure will in the next three years focus on restoring service delivery and laying the foundation for higher growth, says Finance Minister Enoch Godongwana.

The Gauteng Provincial Government has agreed to contribute 30% to settling SANRAL’s debt and interest obligations on the province’s lingering Freeway Improvement Project, Finance Minister Enoch Godongwana announced on Wednesday.

Government plans to embark on an Eskom debt relief programme that will see it take over a portion of the utility’s R400 billion debt.

National Treasury has warned that the poor financial condition of major State-owned companies (SOEs) presents government with the most contingent liability risks.

Time is running out for those who want to pursue careers that are in line with the water and sanitation core business, to submit applications for the bursary programme for 2023 academic year.

President Cyril Ramaphosa will tomorrow host Prime Minister Pedro Sánchez Pérez-Castejón of Spain on an Official Visit at the Union Buildings in Pretoria.

The Department of Basic Education (DBE) has confidently stated that it is fully prepared to administer the November 2022 examinations based on the principles of fairness, reliability, validity and integrity.

Acting Public Service and Administration Minister, Thulas Nxesi, says Cabinet has resolved that the tenure of Heads of Department be increased to 10 years.

Minister for Small Business Development, Stella Ndabeni-Abrahams, has handed over cheques worth R19 million to 45 small businesses in KwaZulu-Natal that were affected by floods earlier this year.

Acting Public Service and Administration Minister, Thulas Nxesi, says the final offer of an average of 7.5% by government remains available and has not been withdrawn, as it has been purported in the media.

Economists have called for today’s Medium-Term Budget Policy Statement (MTBPS) to focus on strengthening the country’s debt containment efforts.