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

National Treasury

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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

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 […]

todayNovember 12, 2024 33

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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 […]

todayOctober 18, 2024 7

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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:  

todayMay 23, 2024 34

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