Planning Topics
Financial services group 27four announced today, October 30, the launch of South Africa’s first benchmarking framework designed to measure diversity, equity, and inclusion (DEI) in the asset management sector. This framework was unveiled during a media event at the JSE in Johannesburg.“The 27four…
Recently, despite warnings from the South African Weather Service (SAWS) about impending snowfall, many motorists found themselves stranded on national highways.South Africans must take weather warnings seriously, consult weather services before traveling, and maintain their vehicles to better…
Real estate expert reveals five red flags that indicate the home you’re viewing could be a wallet-draining purchase.Settlement cracks, damp and musty smells, water stains, and outdated electrics are all signs a home is a bad investmentExpert explains home issues that can be fixed and how buying a…
South Africa’s Minister of Finance, Enoch Godongwana, delivered his much anticipated Medium Term Budget Policy Statement (MTBPS) to the nation on Wednesday. The property sector, which was hard hit by the prolonged elevated interest rates in the country has welcomed the Minister’s MTBPS as well as…
Finance Minister Enoch Godongwana has reassured stakeholders about the government’s commitment to preparing for the National Health Insurance (NHI) rollout, despite a lack of direct funding allocations for its implementation over the next three years. Godongwana’s remarks come amid scrutiny of the…
Finance Minister Enoch Godongwana has painted a stark picture of South Africa’s economic future, warning that growth will not accelerate quickly enough to reduce the nation’s soaring unemployment rate in the coming three years, despite signs of recovery from structural reforms. This was the…
Nicola MawsonThe first Medium-Term Budget Policy Statement (MTBPS) since the Government of National Unity (GNU) failed to inspire confidence among investors, with the rand dropping as Finance Minister Enoch Godongwana tabled a speech that warned of slower economic growth, higher debt, and fewer…
The government is set to collide with public-sector workers’ unions in the months ahead following the proposal for an early retirement of at least 30 000 employees in a bid for the State to reduce its wage bill. The National Treasury yesterday announced that the government has allocated R11 billion…
The National Treasury has cut Eskom's debt relief allocation by R2 billion due to non-compliance with asset disposal conditions and is enforcing stricter controls on the power utility's financial support. Eskom remains highly dependent on government support through the debt-relief arrangement,…
The Treasury said they had not explicitly detailed what would happen to consumer inflation and economic growth if a 36% electricity price hike is implemented next year. The baseline forecast, which assumes no policy changes, assumes electricity price increases of 12.3%, 11.4%, and 9.6% in years…
In discussions with Treasury officials during the lockup in Pretoria, Treasury expressed interest in issuing more Islamic bonds following a successful launch in November 2023. However, the timing remains uncertain.“We will give the market one or two weeks' notice of any intention to issue an…
South Africa’s Minister of Finance, Enoch Godongwana, delivered his much anticipated Medium Term Budget Policy Statement (MTBPS) on Wednesday to the nation. Frank Blackmore, Lead Economist at KPMG South Africa told Business Report that Godongwana’s theme to the MTBPS was to promote a strategy to…
Minister of Finance Enoch Godongwana today delivered the 2024 Medium Budget Policy Statement (MTBPS).The MTBPS plays an important role by providing a mid-year review of fiscal performance around the targets set in the February Budget, noting any reallocations or adjustments to spending that have…
The government has allocated R11 billion to implement early retirement measures over the next two fiscal years for an estimated 30 000 public sector employees and bring in younger talent into the public service in a bid to contain the escalating wage bill.This is contained in the documents of the…
Madam Speaker, today I start on a sad note. In quick succession, our country lost three former ministers, who in their own unique ways made enormous contributions to our democracy. Pravin Gordhan, Tito Mboweni and Membathisi Mdladlana were deeply committed public servants, fearless leaders, and…
The National Treasury has lowered South Africa’s economic growth forecast to 1.1% for 2024, down from the 1.3% projected in the February Budget Review, weighed down by stop-start economic growth and stubborn inflation in the first half of the year.This growth forecast is in line with the…
Minister of Finance Enoch Godongwana is today delivering the 2024 Medium Budget Policy Statement (MTBPS).The MTBPS plays an important role by providing a mid-year review of fiscal performance around the targets set in the February Budget, noting any reallocations or adjustments to spending that…
The African National Congress (ANC) has taken decisive action to alleviate the burden of soaring food prices on South African consumers, instructing the government to expand the list of zero-rated foodstuffs. This announcement was made by ANC Secretary-General Fikile Mbalula during a media briefing…
In the first half of 2024, a significant 4.9% of all digital transactions attempted by consumers in South Africa were flagged as suspected digital fraud, according to a recent analysis by TransUnion. The report highlights that the telecommunications, financial services, and online communities—such…
Starting and running a business is often seen as a path to financial independence and personal fulfilment. Yet, the demands of entrepreneurship can be relentless, leading to burnout if not managed carefully. This is particularly relevant for South African entrepreneurs who face unique…