insert_link Business / Economics Development economist says SA’s budget lacks political will With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […] todayFebruary 22, 2024 8
insert_link Africa BMW bets big on Africa’s green hydrogen industry with SA fuel cell test vehicle By Seth Onyango, via bird story agency BMW has claimed its place as the breakout star in Africa's race for commercial hydrogen mobility with the unveiling of a hydrogen fuel cell vehicle in South Africa. In a shot in the arm for Africa's fledgling green hydrogen industry, the automaker chose Southern Africa for the test drive of its BMW iX5 Hydrogen. The continent has been seeking to […] todayFebruary 22, 2024 3
insert_link South Africa SA’s Congress of the People Criticizes Minister’s Budget Speech, Deems it Disappointing South Africa's Congress of the People expresses deep disappointment with the minister's budget speech, citing a failure to address core policy issues contributing to the country's crisis. Pakes Dikgetsi, the party's acting chairperson, asserts that the continued under-investment in new and critical infrastructure expansion will hinder future growth and sustainability. He further contends that the ANC has exhausted credible policy choices after 15 years of misrule, mismanagement, and corruption. todayFebruary 22, 2024 12
insert_link South Africa South Africa’s Electoral Commission Acknowledges Challenges in Election Preparation The Independent Electoral Commission in South Africa acknowledges challenges in preparing for this year's general and provincial elections, following President Cyril Ramaphosa's announcement of May 29 as the polling date. Chief Electoral Official Sy Mamabolo cites uncertainty over the number of contesting parties and independents, which is impacting the size of the ballot papers. With over 27.4 million registered voters, the IEC faces logistical hurdles amidst evolving electoral dynamics. todayFebruary 22, 2024 4
insert_link South Africa ActionSA Criticizes Finance Minister’s Budget as Uninspiring and Continuation of ANC’s Misguided Priorities Opposition party ActionSA voices disappointment in SA's Finance Minister Enoch Godongwana's budget speech, labeling it as uninspiring and reflective of the ANC's misguided spending priorities. The party expresses particular concern over the decision to shift 150 billion rand from the South African Reserve Bank's Gold and Foreign Exchange Contingency Reserve Account, aimed at improving the country's fiscal prospects. ActionSA President Herman Mashaba asserts that the ANC has exhausted options after […] todayFebruary 22, 2024 4
insert_link South Africa Eskom Enforces Stage Four Load-Shedding Due to Power Station Unit Loss Eskom announces the implementation of stage four load-shedding from 4 a.m. until further notice. The decision follows the loss of five generating units at the Kendal power station and a generating unit at the Duvha power station in Mpumalanga. Eskom assures that it will actively monitor the power system and communicate any significant changes to the grid promptly. todayFebruary 22, 2024 2
insert_link South Africa SA’s IFP Deputy President Criticizes 2024 Budget Speech as Political Maneuver Ahead of Elections Inkosi Buthelezi, the deputy president of the Inkatha Freedom Party, has characterized the 2024 budget speech as a political stunt in anticipation of the elections. Expressing disappointment with the economy's downturn and the underperformance of various departments despite allocated funds, Buthelezi voiced concerns about the government's plan to utilize 150 billion rand from the Gold and Foreign Exchange Contingency Reserve Account due to lower-than-expected growth and a revenue shortfall. todayFebruary 22, 2024 2
insert_link South Africa South African Finance Minister Acknowledges Load-Shedding Impact, Advocates Energy Sector Reforms in Budget SA Finance Minister Enoch Godongwana addresses the critical issue of load-shedding, recognizing its widespread impact on South Africans, disrupting production, operations, and livelihoods. During the delivery of the last budget of the 6th administration, Godongwana emphasizes the need for energy sector reforms to ensure long-term energy security. todayFebruary 22, 2024 7
insert_link South Africa Pretoria Court rejects DA bid against ANC deployment policy The Pretoria High Court has dismissed with costs the Democratic Alliance's application to declare the ANC's cadre deployment policy unconstitutional. DA leader John Steenhuisen says the court erred in its judgement. todayFebruary 21, 2024 18
