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

state-owned entities

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South Africa

EFF reiterates call for the privatisation of state-owned entities to be halted

In S.A, the EFF has reiterated its call for the privatisation of state-owned entities to be halted. Since the fifth administration took over in 2019, there have been moves to privatise and unbundle cash-strapped SOEs including Transnet and South African Airways. Addressing Parliament, the EFF's, Omphile Maotwe, says South Africa is currently suffering under economic agenda driven by neoliberalism and austerity, which prioritises private profit over public good:  

todayNovember 15, 2024 21

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Business / Economics

DA leader and Agriculture minister John Steenhuisen endorsed the mid-term budget

  DA leader and Agriculture minister John Steenhuisen endorsed the mid-term budget, calling it the right step toward fiscal growth. Speaking outside Parliament, Steenhuisen commended the focus on debt reduction, infrastructure spending, halting bailouts for state-owned entities, and the end of e-tolls. He emphasises the DA’s role in driving reforms through the government of national unity, through economic growth and job creation:  

todayOctober 31, 2024 20

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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 24

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South Africa

S.A’s Auditor-General Reports Over R3.48 Billion in Wasteful Expenditure by Government Departments

  The South African Office of the Auditor-General says over the last five years, 36 government departments incurred irregular and wasteful expenditures of 1.48-billion-rand. State-owned entities incurred more than two-billion-rand. The departments of Forestry, Fisheries and the Environment, Basic Education, Police, Tourism, and Treasury were some of the big contributors to wasteful and irregular expenditure. AG's head of audit, Bongi Ngoma, told Parliament’s standing committee on Appropriations, that some of […]

todayOctober 23, 2024 13

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