Over the next three years, government spending on economic development will be the fastest-growing function at an annual average rate of 8.1%, driven by higher allocations to infrastructure projects.
The government has added R19.1 billion over the medium term to keep approximately 11 000 teachers in classrooms.
The City of Ekurhuleni Mayor, Nkosiphindile Xhakaza, has assured the families of the 13 victims who lost their lives in an accident on Tuesday morning, that the city will provide them with the necessary support during this difficult time.
The South African Revenue Service (SARS) has been allocated R3.5 billion in the current financial year and an additional R4 billion over the medium term.
All social grants, barring the Social Relief of Distress (SRD) grant, are expected to increase from April this year.
The South African government will spend more than R1 trillion over the next three years on public infrastructure in a show of government’s commitment to driving economic growth.
Consolidated government spending is expected to increase from R2.4 trillion in 2024/25 to R2.83 trillion in 2027/28 at an annual average of 5.6%.
South Africa’s economy is projected to grow at an average of some 1.8% from 2025 to 2027, despite sluggish growth over the past decade.
An orange level 6 weather warning has been issued for parts of KwaZulu-Natal over the next two days due to ongoing disruptive rains in the area.
In light of new and persistent spending pressures in health, education, transport and security, government has decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two years, which will bring VAT to 16% in the 2026/27 financial year.
