President Cyril Ramaphosa speaks at the Construction Summit. President Cyril Ramphosa says the construction industry is once again poised to be the flywheel of growth, after contributing over 50% of the jobs created in the third quarter. He was speaking at the Second Annual National Construction Summit underway in Boksburg, Ekurhuleni, earlier on Thursday. The…
FEDUSA General Secretary Riefdah Ajam The Federation of Unions of South Africa (FEDUSA) has warned that making fiscal discipline a priority over social justice in the Mid-Term Budget Policy Statement will hurt the working class and poor. The labour federation has welcomed some infrastructure investments but says reform8s must protect jobs and workers’ rights….
President Cyril Ramaphosa delivers the keynote address at the Construction Summit in Boksburg, east of Johannesburg. This year’s theme is “Unlocking Infrastructure Delivery: Raising Construction Industry Performance”. Industry leaders and policymakers will discuss ways of boosting the delivery of infrastructure. Livestream:
[File image] Hand flipping wooden cube block to change between up and down with percentage sign symbol for increase and decrease financial interest rate. Finance Minister Enoch Godongwana says the reduction of the inflation target to 3% will reduce the cost of living and borrowing for households. He announced the reduction when he tabled the…
A community member grabs a piece of fruit at the food market A new study commissioned by Food Forward SA and the University of Cape Town has revealed that the crisis of food insecurity in South Africa is deepening. High food prices have affected approximately 16 million people, especially female and youth-headed households. The…
SA R100 notes Markets have reacted positively to the Medium-Term Budget Policy Statement (MTBPS) but analysts caution that the optimism is mostly short-term. The rand edged up a third of a percent against the dollar at the close of trade as investors welcomed Treasury’s commitment to fiscal consolidation. Finance Minister Enoch Godongwana delivered the MTBPS…
Worker cutting maize plants A maize farmer in Bloemfontein has expressed his concern with the recent early rains. Farmer Laurens Schlebusch says the early rains are not conducive for planting maize. Schlebusch says the early rains are a sign the province could experience mid-summer drought which can be detrimental to maize growth. He says the…
Minister of Finance Enoch Godongwana The Democratic Alliance (DA) has welcomed the tabling of the Mid-Term Budget Policy Statement (MTBPS) by Finance Minister Enoch Godongwana in Parliament. DA leader John Steenhuisen has described the MTBPS as the right direction for the country’s economic growth. “If we have the discipline now to stick to the announcements…
Eskom offices Finance Minister Enoch Godongwana says escalating municipal debt poses a risk to Eskom’s improved financial performance. Godongwana was tabling this year’s Medium Term Budget Policy Statement (MTBPS) in Parliament. Godongwana is pleased by the positive progress shown by Eskom this year. For the first time in nearly a decade, the power utility has…
FILE | Minister Enoch Godongwana Over the medium term, South Africa’s debt-service costs will increase by 3.8 percentage points annually, a significant reduction from 7.4 percent growth projected amid in the 2025 Budget, this is according to Finance Minister Enoch Godongwana. Tabling this year’s Mid-Term Budget Policy Statement (MTBPS) to Parliament, in Cape Town, he…
