Finance Minister Enoch Godongwana has denied reports that the National Treasury’s plan to takeover a portion of Eskom’s debt will be linked to conditions that the power utility builds new coal, gas and nuclear plants. In a statement, Finance Ministry spokesperson Mfuneko Toyana said this was “untrue” and a misunderstanding

South Africa’s financial sector has taken another huge step towards modernising the country’s payment ecosystem. This comes after the South African Reserve Bank (SARB) on Thursday announced the adoption of a new global messaging standard by its domestic real-time gross settlement (RTGS) system, participant banks and other financial market infrastructures

The Presidential Climate Commission (PCC) will hold a Special Sitting today, Friday 4 November 2022, at which President Cyril Ramaphosa will set out Government’s priority investment and financing interventions under the Just Energy Transition Investment Plan. Cabinet and the Inter-Ministerial Committee on the Just Energy Transition Partnership recently agreed that

International Relations and Cooperation Minister, Dr Naledi Pandor, has undertaken a working visit to Burundi to co-chair an inaugural Burundi-South Africa Joint Commission for Cooperation (JCC). “The JCC will provide a platform for South African institutions to explore further cooperation with Burundi in existing and new areas,” the Department of

Presidential Spokesperson media briefing statement and programme update – President’s programme for the upcoming week Presidential Climate Change Commission Today, Friday, 4 November 2022, President Cyril Ramaphosa will address the presidential climate commission on the just energy transition investment plan. The President, as the chair of the commission will provide

World Bank approves $497 million in financing to lower South Africa’s greenhouse gas emissions and support a just transition The decommissioning and repurposing of the Komati coal-fired plant is a demonstration project that can serve as a reference on how to transition fossil-fuel assets for future projects in South Africa