South African bank notes are displayed at an office in Johannesburg. 1 minute The total amount owed by municipalities to creditors has increased by over R20 billion. The total amount owed by municipalities to creditors has been reported at R128 billion. This is an increase from R104.3 billion reported for the same period in the…
Money 1 minute National Treasury’s Q2 report for 2024/25 reveals that municipalities underspent on conditional grants and capital projects. These funds were meant for infrastructure development and emergency disaster repairs. The grants were allocated for programmes to support the development of infrastructure and fund emergency repairs after unforeseen disasters. This also includes funding the implementation…
US dollar notes. 3 minutes The dollar weakened on Friday ahead of a planned announcement next week by US President Donald Trump on reciprocal tariffs, which has left traders uncertain of how to trade the currency. “The one word that I keep hearing over and over from clients, and on earnings calls and things, is…
An advert for vacancies 2 minutes The Forestry, Fisheries and Environment Department has appealed to communities in rural areas to set up small businesses to reduce unemployment. It has cited businesses such as disposing of electronic equipment without harming the environment. Deputy Minister Bernice Swarts launched an e-waste recycling programme at the Makonde Stadium outside…
SARS Commissioner Edward Kieswetter. 2 minutes SARS Commissioner Edward Kieswetter has told Parliament that an estimated R800 billion in tax remains uncollected. SARS, together with the National Treasury, was responding to submissions received by the Standing Committee on Finance as well as the Select Committee on Finance during public hearings on this year’s budget. The…
Person collects a parcel at a shop 2 minutes Members of the Parliament Portfolio Committee on small business have expressed mixed reactions over the challenges faced by small businesses. This comes as the committee was wrapping up its week-long oversight of the small businesses funded by the department in Limpopo. The committee visited various businesses…
SASSA has extended the December deadline for beneficiaries to get their new gold card. 1 minute The Postbank has clarified that the deadline for social grant beneficiaries to replace their gold SASSA cards with the new black Postbank cards is May and not April. This follows comments by Minister in the Presidency Khumbudzo Ntshavheni during…
[File photo] Aeroplanes at O.R. Tambo International Airport 1 minute The Board of the Airports Company South Africa (ACSA) has launched a forensic investigation into alleged procurement irregularities. An independent firm will be appointed to conduct the probe, while the Auditor-General of South Africa (AGSA) has been requested to review the matter. The Airports Company…
2 minutes Prices of canned pilchards, maize and eggs have come down, while sunflower oil remains at its highest since 2021. According to the Competition Commission Essential Food Price Monitoring Report, which tracks selected food prices throughout the value chains, some food prices have started falling, albeit modestly. The commission says this is a positive…
Reserve Bank Governor Lesetja Kganyago. 1 minute Reserve Bank Governor, Lesetja Kganyago, has defended the bank’s inflation targeting, saying it has served the South African economy well. He has also strongly argued that the current 3% to 6% six inflation targeting should be lowered. Kganyago says since the adoption of inflation targeting 25 years ago,…
