This is a slim 15% of CEOs who still have a positive outlook on the South African economy’s outlook. They are still very confident and confident about what their companies’ return will be in the coming financial year. However, the growth rate that has almost reached zero point speaks to a different view, in which..
Continue reading…
Only 15% of CEOs are still positive about SA’s economic outlook
Posted on Leave a comment
112 Municipalities won’t have enough money to cover their expenses
Posted on Leave a comment
The majority of municipalities which won’t have enough money to cover their expenses are in Limpopo, followed by the Northern Cape and KwaZulu-Natal.
It’s emerged more than 40% of municipalities don’t have the money to carry out service delivery plans for the current financial year.
Budget increase for Zulu King is milking South-African’s dry
Posted on Leave a comment
King Goodwill Zwelithini is getting more money. KwaZulu-Natal Premier Willies Mchunu announced during his budget vote for the 2018/19 financial year in the provincial legislature in Pietermaritzburg on Thursday that the Zulu monarch’s annual budget has been increased by R7-million‚ from R58.8-million last year to R65.8-million this year.
Continue reading…
Parastatal waste equals tax shortfall: Treasury will need to find new resources to close the budget gap
Posted on Leave a comment
The R50‑billion shortfall in tax revenue that the treasury will need to find elsewhere to plug the budget gap is close to how much state-owned entities (SOEs) have thrown down the drain in the past financial year. The auditor general, Kimi Makwetu, released national and provincial audit results on Wednesday. Although the number of clean..
Continue reading…
Energy fund faces ruin if state mining company moves to Zwane’s department.
Posted on Leave a comment
The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
Continue reading…