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will have to wait until the 2026 Budget to find out whether the proposed R20 billion in additional tax increases can be withdrawn.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

Pretoria: The announcement of a new inflation target for South Africa of 3% with a 1 percentage point tolerance band follows agreement between the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago and the Minister of Finance Enoch Godongwana. Minister Godongwana, who made the announcement during the Medium

Pretoria: The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS), delivered on Wednesday, showing that the revenue service collected over R900 billion in revenue. By 30 September 2025, SARS had collected a net revenue of R924.7 billion, drawn from gross collections of