Global economic developments, including raised tariffs and trade wars, have lowered South Africa’s 2025 economic growth prospects from a predicted 1.9% Gross Domestic Product (GDP) growth in March down to a revised 1.4% in May.
Work is underway to enhance government’s budget process after expenditure reviews identified tens of billions of rands in potential savings from poorly performing or inefficient programmes that can be redirected in future budgets.
Minister of Correctional Services, Dr Pieter Groenewald, says that the country’s Self-Sufficiency and Sustainability Strategic Framework (SSSF) not only creates employment opportunities for offenders in farms, bakeries, gardens, and abattoirs, but also empowers them.
In an ongoing effort to grow the economy, government will continue to implement growth enhancing structural reforms as part of Operation Vulindlela.
For the first time in three years, government has proposed an inflation-linked increase to the general fuel levy.
The Minister of Finance, Enoch Godongwana, has announced that government is reconfiguring funding for the troop deployment to the Democratic Republic of Congo (DRC).
The Minister of Finance, Enoch Godongwana, has announced that the provincial education sector baseline over the 2025 Medium-Term Expenditure Framework (MTEF) is set at R1.04 trillion.
The inaugural South African Tech Challenge 2025 has been launched to identify and promote the most impactful and scalable small, micro, and medium-sized enterprises (SMMEs) within South Africa’s digital innovation ecosystem.
Headline consumer price index (CPI) inflation for April was 2.8%, slightly higher than March’s 2.7%, Statistics South Africa (Stats SA) has announced.
Western Cape Premier Alan Winde has welcomed the agreement that will protect the jobs of thousands of employees at Langeberg & Ashton Foods.
