MID TERM BUDGET

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Local

Economists says government must tackle municipal debt to boast economic growth

Economists believe that government debt is alarmingly high and rising faster than economic growth. Speaking on VOC Breakfast, Economists Ulrich Joubert said the minster’s speech tackled top priorities such as the economic outlook, taxation, job creation, and the energy crisis. “The speech was both positive and negative. We saw that the economic growth lowered to 1.1% which means we will see slower growth. Our current debt is a huge problem, […]

today31 October 2024

Local

Finance Minister reports progress in Eskom debt relief for municipalities

Finance Minister Enoch Godongwana announced progress on Eskom debt relief plan, with 70 municipalities approved and compliance improving from 55% to 76% since March, supported by National Treasury and provincial finance teams. Addressing parliament on Wednesday Godongwana called on government departments to pay their dues to help municipalities continue services and meet payments to Eskom and water boards. “Many of our municipalities face serious governance planning and financial management challenges. […]

today30 October 2024

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