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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Enoch Godongwana

12 Results / Page 1 of 2

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South Africa

S.A’s Mashatile Says Treasury May Cut Budgets to Settle State Debt to Municipalities

S.A's Deputy president Paul Mashatile says the National Treasury is considering cutting budgets of departments that owe municipalities to settle debt. In August, Finance minister Enoch Godongwana revealed that organs of state collectively owe municipalities 18.6-billion-rand for rates and taxes. In Gauteng alone, the state had a debt of 3.5-billion-rand by the end of July, with provincial government departments accounting for most of the debt. Mashatile told the National Council […]

todayDecember 6, 2024 16

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South Africa

South Africa’s OUTA calls for increased funding for key anti-corruption bodies

South Africa's Organisation Undoing Tax Abuse has urged government to increase funding for key anti-corruption bodies, such as the National Prosecuting Authority and the Special Investigating Unit. They warn a lack of oversight in public-private partnerships could lead to wasted taxpayer money and inefficiency. OUTA CEO Wayne Duvenage criticised Finance minister Enoch Godongwana’s medium-term budget policy statement for not prioritising the fight against corruption and financial misconduct:  

todayNovember 1, 2024 10

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South Africa

S.A’s EFF rejects Medium-Term Budget Policy Statement

  The Economic Freedom Fightersin South Africa have rejected the Medium-Term Budget Policy Statement, claiming the government favors private sector profits over job creation and economic growth. Finance Minister Enoch Godongwana defended the budget in Parliament, emphasizing a commitment to sustainable public finances. EFF leader Julius Malema criticized the statement for overlooking the rising unemployment crisis. RISE Mzansi leader Songezo Zibi has called for financial reform to address national debt […]

todayOctober 31, 2024 20

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Business / Economics

31 October 2024: Navigating Economic Shifts: Key Financial Updates from Namibia and Beyond

In recent developments, Finance Minister, Ipumbu Shiimi, has announced an extension of the country’s tax amnesty programme, now set to conclude on October 31, 2026. During his mid-term budget review presented in Parliament, Shiimi highlighted the overwhelming requests from various sectors to prolong this programme, which allows taxpayers to settle their full tax debts without incurring penalties or interest. This initiative is designed to enhance tax compliance and boost government […]

todayOctober 31, 2024 17

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Business / Economics

South Africa nears compliance with the Financial Action Task Force’s financial crime requirements

  South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed:  

todayOctober 31, 2024 16

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South Africa

OUTA Calls for Budget Focus on S.A’s Corruption and Economic Stability….

The Organisation Undoing Tax Abuse has urged Finance Minister Enoch Godongwana to prioritize anti-corruption efforts in the medium-term budget policy statement, advocating for reduced spending on non-core state-owned entities. Meanwhile, agriculture organization TLU SA expects the budget to focus on economic growth and stability in light of the changing political climate. TLU SA’s Bennie van Zyl emphasized the importance of enhancing security and economic confidence in South Africa.  

todayOctober 30, 2024 23

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South Africa

S.A Finance minister Enoch Godongwana says regaining public trust in financial regulation requires deep structural reforms

S.A Finance minister, Enoch Godongwana,  says regaining public trust in financial regulation requires deep structural reforms, and a shift towards greater accountability, transparency, and public inclusivity. He addressed the South African Reserve Bank’s launch of the Corporation for Deposit Insurance yesterday. This is South Africa’s deposit insurance scheme, created and mandated by law to protect qualifying bank depositors in the unlikely event of their bank failing. Godongwana says trust is […]

todayApril 26, 2024 50

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South Africa

Warning Issued on Two-Pot Retirement System Impacting South African Government Dependency

Everest Wealth cautions that the two-pot retirement system may contribute to heightened government dependency in South Africa. The concern arises following Finance Minister Enoch Godongwana's announcement that the system is anticipated to generate a five-billion-rand tax windfall for the government. Riaan Grobler, the head of advisory services at the firm, highlights the risk of frequent withdrawals diminishing long-term savings, potentially increasing reliance on social grants. He emphasizes the need for […]

todayFebruary 23, 2024 7

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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 22

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