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.
President Cyril Ramaphosa has emphasised that Africa is not only benefitting from the African Growth and Opportunity Act (AGOA) but is also contributing to the partnership in meaningful ways.
The Department of Trade, Industry and Competition (the dtic) will host South Africa’s first G20 Trade and Investment Working Group meeting from 18 - 20 March 2025.
South Africa has reaffirmed its longstanding commitment to the full implementation of the Beijing Declaration and Platform for Action (Beijing+30), which commits to ensuring gender equality and women’s empowerment worldwide.
The North West Department of Human Settlements has received a multimillion rand boost that will aid it to meet its housing development targets.
The North West Provincial Legislature Portfolio Committee on Premier and Finance, chaired by Nathan Oliphant, has adopted a report on the second Adjustment Appropriation Bill for the 2024/2025 fiscal year.
This report approves the appropriation of an additional R150 million to the provincial Department of Human Settlements for housing development projects and related matters.
The deadline for requests for proposals for 31 Department of Public Works and Infrastructure-owned properties has been extended to 30 April 2025.
