insert_link South Africa SA Union Criticizes Government for Neoliberal Policies The South African Federation of Trade Unions says the government of national unity continues to champion neoliberal economic policies that actively undermine job creation. Saftu’s spokesperson, Newton Masuku, says ahead of Finance minister, Enoch Godongwana’s budget speech today, they are demanding an immediate reversal of austerity measures. Meanwhile, the Public Servants Association says it expects Godongwana to present a budget that prioritises economic growth, job security, and the strengthening […] today19 February, 2025
insert_link Business / Economics In S.A, COPE Urges Godongwana to Prioritize Economic Growth in Budget To South Africa now, where the Congress of the People is calling on Finance minister, Enoch Godongwana, to deliver a budget that prioritises heightened economic growth. COPE’s, Pake Dikgetsi, says they are warning that austerity measures targeting social services, while billions are lost to corruption will push the country further into a crisis Meanwhile, the GOOD Party Secretary-general, Brett Herron, says as things stand, around 18-million South Africans are poor […] today19 February, 2025
insert_link South Africa In South Africa, GOOD Party supports basic income grant as priority The GOOD Party says implementing a basic income grant should be priority number one in Finance minister Enoch Godogwana’s budget speech on Wednesday. Economic research the party conducted nearly two years ago, pointed to the country being able to afford a 999-rand basic income grant if it changed its approach to budgeting. GOOD’s secretary-general, Brett Herron, says South Africa is constitutionally obliged and can no longer afford not to implement […] today18 February, 2025
insert_link Health / Medical South Africa’s Health Minister to hold talks over U.S. PEPFAR funding freeze South Africa’s Health Minister Aaron Motsoaledi announced that he will soon meet with Finance Minister Enoch Godongwana to discuss the U.S. decision to freeze funds for the President's Emergency Plan for AIDS Relief (PEPFAR). The freeze is part of a review process to assess whether the funding aligns with former President Donald Trump’s foreign policy. PEPFAR contributes 17% to South Africa's 44.4-billion-rand budget dedicated to combating […] today29 January, 2025
insert_link South Africa South Africa Aims to Regain Investment-Grade Credit Rating in Two Years South Africa's Finance minister Enoch Godongwana says the country could be able to regain its investment-grade credit rating within two years. The country obtained a full house of junk ratings in 2020, when Moody's Ratings downgraded its debt assessment, leaving it without an investment-grade evaluation for the first time in 25 years. In an interview with the SABC at the World Economic Forum in Davos, Godongwana says the government […] today21 January, 2025
insert_link 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 […] today6 December, 2024
insert_link 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: today1 November, 2024
insert_link 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 […] today31 October, 2024
insert_link 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 […] today31 October, 2024
