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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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

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South Africa

Cosatu Applauds SA’s Progress on FATF Grey List Removal

In South Africa, Cosatu has commended the government’s progress towards removing the country from the Financial Action Task Force grey list. South Africa was grey listed in February 2023, for not complying with international standards that relate to money laundering and addressing illicit financial flows. National Treasury has addressed 20 out of the 22 action items outlined in its action plan. Cosatu’s spokesperson, Matthew Parks, says the government must ensure […]

today26 February, 2025 28

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South Africa

SA to Prioritize Development Financing in G20 Presidency

South Africa's National Treasury Director-General, Duncan Pieterse, says South Africa will use its G20 Presidency to address financing for development and tackle barriers to growth in developing countries. The Finance and Central Bank Deputies' meeting is taking place in Cape Town this week. The G20 members represent about 85-percent of the world’s gross domestic product and 75-percent of international trade. Pieterse says South Africa has signalled a strong intent to […]

today25 February, 2025 33

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Business / Economics

SA to Host G20 Finance Track Meetings in Cape Town

To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […]

today24 February, 2025 46

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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 […]

today6 December, 2024 36

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South Africa

In S.A, President Ramaphosa Authorizes Probe into Insurance Claims Over 2021 Civil Unrest

In South AFrica, President Cyril Ramaphosa has authorised the Special Investigating Unit to probe the South African Special Risks Insurance Association over claims and payouts relating to 2021’s civil unrest in Gauteng and KwaZulu-Natal. At the time the claims amounted to just over 28.5-billion-rand. The SIU’s spokesperson, Kaizer Kganyago, says the investigation will seek to establish whether the claims made were in line with applicable legislation or practices of the […]

today12 November, 2024 69

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Business / Economics

18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits

The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […]

today18 October, 2024 8

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South Africa

S.A Presidency and National Treasury have unveiled a progress report on the economic reforms through Operation Vulindlela

The S.A Presidency and National Treasury have unveiled a progress report on the economic reforms through Operation Vulindlela. Initiated as part of the Economic Reconstruction and Recovery Plan, Operation Vulindlela aims to accelerate structural reforms for economic growth and job creation. Director-general in the Presidency, Phindile Baleni, explains the report highlights significant achievements in key sectors including energy, logistics, water, and telecommunications:  

today23 May, 2024 42