# ActionSA has welcomed Tshwane’s first fully funded budget since 2022, presented by deputy mayor Eugene Modise. ActionSA’s Matthew George says the 780-million-rand boost to Economic Development and infrastructure investment reflects the city’s turnaround success. George praised the revised stable credit outlook and commitment to clean governance. He said that this is a major step […]
# AfriForum says poor, ideologically driven decisions are behind the SABC’s financial woes. The SABC revealed to Parliament a 700-million-rand loss and a 7.5-billion-rand funding need. CEO Nomsa Chabeli admitted commercial income struggles, despite a three-billion-rand bailout two years ago. AfriForum’s Cultural Affairs head Alana Bailey criticised cuts to Afrikaans content, saying they hurt viewership […]
# The National Lotteries Commission is hopeful that the Auditor-General’s upcoming 2024/2025 financial report will reflect significant improvements over the previous year’s audit. The 2023/2024 audit had highlighted issues such as poor financial oversight, non-compliance, and nearly one-billion-rand in unspent grant funding. Speaking to Newzroom Afrika, chief financial officer, Tina Maharaj, anticipates a more favorable […]
# Barberton Mine in Mpumalanga, operated by Pan African Resources, has announced plans to retrench over 240 workers due to escalating operational costs and declining production levels. The company cites increased expenses and a downturn in gold output as primary factors necessitating the workforce reduction. It says the move is part of a broader restructuring […]
# The Western Cape MEC for Cultural Affairs and Sport Ricardo Mackenzie has hailed Springbok and Bulls rugby player Cornal Hendricks for his tenacity and dedication. Hendricks died yesterday following a heart attack. Hendricks career was interrupted following a heart condition diagnosis. He returned to action in 2019 with Super Rugby after receiving a second […]
# The National Energy Regulator of South Africa has approved amendments to petroleum pipeline licences in KwaZulu-Natal. The changes involve removing crude oil infrastructure from the joint licence of Sasol Oil and TotalEnergies. This follows TotalEnergies’ sale of its Natref refinery stake to Prax South Africa. Additionally, a new combined licence has been granted to […]
# Athletics: Athletics South Africa’s president, James Moloi, is urging for increased funding to support Team SA, following their performance at the World Relay Championships in Guangzhou, China. The men’s and women’s four-by-100-metre and four by 400-metre, plus the mixed four-by-400 teams booked their place at the World Championships in Tokyo in September. Moloi highlighted the […]
# South Africa’s trade conditions showed resilience in March and April 2025, despite economic pressures. South African Chamber of Commerce and Industry’s latest survey notes a slight dip in April, with 49-percent of respondents reporting positive trade, down from 55-percent in March. According to the report, seasonal adjustments suggest a five-percent decline, but 69-percent expect […]
# Parliament’s standing committee on Public Accounts has emphasised the urgent need for government intervention to prevent the SABC from collapsing. The SABC requires approximately 7.5-billion-rand to fulfill its unfunded public service mandate. Scopa chairperson Songezo Zibi highlighted the broadcaster’s financial instability, warning that without increased funding, it’s sustainability is at risk:
