# Die Nasionale Tesourie het ‘n forensiese ondersoek van stapel gestuur na bewerings van onbehoorlike gedrag wat ‘n voormalige senior werknemer betrek. Dit volg op bewyse by die Madlanga-kommissie dat ‘n voormalige verkrygingsbeampte, Molefe Fani, die toekenning van transversale kontrakte van miljarde rand onbehoorlik beïnvloed het. Transversale kontrakte is groot verkrygingsooreenkomste wat deur die Kantoor […]
# The International Monetary Fund says South Africa’s growth outlook is expected to remain stable in the near term and continue to improve on the back of strengthened policy frameworks and ongoing structural reforms. The IMF expects the country’s economic growth this year to equal that of 2025 at 1.1-percent, however, this remains below the […]
# Johannesburg mayor Dada Morero says financial controls are improving despite mounting debt and service delivery pressures. National Treasury has temporarily withheld 13.5-billion-rand in equitable share allocations intended for 69 municipalities nationwide, including 3.6-billion-rand earmarked for Johannesburg. This is aimed at instilling fiscal discipline and forcing municipalities to deal with unauthorised, irregular, fruitless, and wasteful […]
# National Treasury has launched a forensic investigation into allegations of improper conduct involving a former senior employee. This follows evidence at the Madlanga Commission that former procurement officer Molefe Fani improperly influenced the awarding of multi-billion-rand transversal contracts. Transversal contracts are large procurement agreements managed by the Office of the Chief Procurement Officer on behalf […]
# The Financial Sector Conduct Authority has published the names of 16-thousand-556 employers that have defaulted on retirement fund contributions. This affecting about 590-thousand members and leaving 8.33-billion-rand unpaid. FSCA spokesperson Keabetswe Tsuene says the move is aimed at improving transparency, protecting retirement fund members and encouraging employers to comply with the law. The regulator […]
# The South African Democratic Teachers’ Union has urged the National Treasury, municipalities and water boards to meet municipal union Samwu’s demands and improve public service delivery. The teachers’ union has pledged its support for Samwu’s national day of action taking place today. SADTU’s Nomusa Cembi says workers demand better working conditions, respect for collective […]
# The South African Iron and Steel Institute says the country must focus not only on imported steel, but also on manufactured goods made from imported steel that compete with local industries. In his opinion piece, secretary-general Charles Dednam says China’s growing exports of finished products pose a greater threat to South Africa’s manufacturing sector […]
# The DA in the Western Cape says the City of Cape Town is investing more than one-billion-rand to improve infrastructure and basic services in historically disadvantaged communities. The funding is provided through the urban settlements’ development grant. The DA’s Dirk Wessels says the funding demonstrates the city’s commitment to expanding access to basic services, […]
# The United Africans Transformation says the National Treasury’s decision to freeze funding to 69 municipalities exposes a deepening local government crisis caused by financial mismanagement, corruption and poor governance. The party argues communities are bearing the brunt through failing basic services and growing municipal debt. UAT’s Mighty Mabule calls for recovery plans, lifestyle audits […]
