Cape town: In a landmark moment for South Africa’s monetary policy agenda, the government has decided to reduce the country’s inflation target to 3%, with a 1 percentage point tolerance band. This strategic move is expected to lower the cost of living and borrowing for households, businesses, and the government,

Johannesburg: National Treasury expects South Africa’s economy to grow by some 1.2% this year – marginally down from the 1.4% forecasted in the 2025 Budget. This according to the Medium Term Budget Policy Statement (MTBPS) released by National Treasury on Wednesday. According to South African Government News Agency, the department

Pretoria: Despite the introduction of the municipal Eskom debt relief programme in 2023, municipalities are still battling to address ballooning debt to the power utility. According to South African Government News Agency, the debt has grown to some R94 billion as of the end of March this year, up from

Cape town: Government’s assessment over the last few months on budgeting effectively and efficiently, shows that the state could save R6.7 billion by removing low-priority or underperforming programmes over the medium term. According to South African Government News Agency, the Targeted and Responsible Savings (TARS) initiative systematically identifies duplication, eliminates

Pretoria: Efforts to step infrastructure development are accelerating in South Africa – to support economic growth and drive improved service delivery. According to South African Government News Agency, this momentum is detailed in the National Treasury’s Medium Term Budget Policy Statement (MTBPS) released recently. Earlier this year, Finance Minister Enoch

Cape town: Government has launched the Procurement Payments Dashboard to improve transparency and accountability in public procurement. This was announced by Finance Minister Enoch Godongwana during the Medium Term Budget Policy Statement (MTBPS) in Parliament on Wednesday. The dashboard will use data pulled from government’s payments systems including the Basic

Cape town: In a strategic move to boost infrastructure development and foster economic growth, the government is actively engaging with the private sector to enhance infrastructure delivery and optimize spending. Minister of Finance Enoch Godongwana emphasized the government’s commitment to leveraging public resources to attract private finance and expertise, with

Cape town: South Africans will have to wait until the 2026 Budget to find out whether the proposed R20 billion in additional tax increases can be withdrawn. Presenting the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, Minister of