Badge of the South African Police Service. The Police and Prisons Civil Rights Union (POPCRU) has raised concern over unexplained pension fund reduction that its members have reported. POPCRU says its members have reported a drop in their balances in their Government Employees Pension Fund (GEPF) statements for the period from July to September. The…
The fourth G20 Finance Ministers and Central Bank Governors meeting in Washington DC. South African Reserve Bank Governor Lesetja Kganyago says South Africa has focused on cross-border payments during its G20 Presidency. In the financial transactions, the sender and receiver are in different countries. The payments can involve different currencies and must navigate various regulations…
The SABC News Television building. The Auditor-General (AG) has painted a worrying picture of the SABC’s financial health. This is despite receiving a second consecutive unqualified audit. The AG has raised concerns over cash flow, revenue targets and a high rate of TV licence non-compliance. It presented audit outcomes for the financial year ending March 2025 to…
SANParks says 74% of its total revenue comes from tourism. South African National Parks (SANParks) has reported an 11% revenue increase for the 2024/25 financial year from R3.6 billion to R4.1 billion. This is the first time that the entity has surpassed the R4 billion mark. SANParks says 74% of its total revenue comes from tourism. …
The Eastern Cape provincial government has issued a warning about a scam involving individuals who impersonate government officials in the supply chain management sector. The provincial government says the scammers demand money in exchange for tender opportunities at the office of the premier. Provincial government spokesperson Khuselwa Rantjie says it is alleged that contacts are…
Electricity pylons President of the Minerals Council South Africa Paul Dunne has argued that the high cost of electricity is eroding the competitive advantage of the local mining industry. He says deregulating the electricity grid to allow for the participation of more grid suppliers will help to cut the cost of energy. Addressing delegates at…
Two glass bottles illustrating the two-pot retirement system. The Government Employees Pension Fund (GEPF) is temporarily suspending two-pot savings withdrawals from its system for two weeks, from the 7th of October to the 21st of October. The Fund via a statement says the pause is necessary to allow it to update its systems, citing the…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva delivers remarks ahead of the annual IMF-World Bank fall meetings The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this year and in…
The City of Tshwane has announced the establishment of a subcommittee to address properties with old leases that have been left unattended. This follows the discovery of properties that have either not paid for essential services or have paid less due to their lease agreements, which do not reflect the current service rates. A recent…
SIU’s operation at a Sandhurst home connected to Tembisa Hospital Capture investigation The Special Investigating Unit has raided a luxury property in Sandhurst, Sandton, linked to an unnamed tycoon implicated in the massive looting scandal at Tembisa Hospital on the East Rand. The raid follows revelations in the SIU’s interim report, which uncovered over R2…
