Eskom’s ugly underbelly exposed for all to see
The High Court of South Africa has put Eskom on notice.
The High Court of South Africa has put Eskom on notice.
“Out of touch, austerity-driven and insufficient to tackle the country’s persistent economic crises” was how some political parties have described Finance Minister Enoch Godongwana’s budget tabled in parliament on Wednesday. In his speech, Godongwana projected GDP growth of 1.8% over the medium term, well below the 3% considered necessary to stabilise per capita income and…
Finance Minister Enoch Godongwana has signalled increased spending on peace and security in his budget speech from R268.2 billion in 2025/26 to R291.2 billion in 2028/29. The allocation follows President Cyril Ramaphosa’s announcement in his State of the Nation address (Sona) that the defence force will be deployed alongside the police to combat illegal mining…
Arthur Goldstuck is renowned author, journalist, tech speaker, and the founder and CEO of World Wide Worx.
When President Cyril Ramaphosa addressed residents at the Presidential Imbizo in Tsakane on 29 August 2024, he made a pointed observation: Ekurhuleni is the only metropolitan municipality in South Africa without its own university. That statement was more than a passing remark. It was an acknowledgement of a structural gap in one of the country’s…
Finance Minister Enoch Godongwana has allocated R292.8 billion to social grants in the 2026/27 financial year, covering old-age, disability, child support, foster care and grants for war veterans. “Old-age, disability and care dependency grants will rise by R80 to R2,400 per month,” Godongwana said in his budget speech to parliament, adding that the war veterans’…
Finance minister Enoch Godongwana has announced that his department will soon publish draft regulations to include crypto assets in South Africa’s capital flow management regime.
South Africa’s government allocates R848.2 billion over the medium term to combat crime and ensure territorial integrity.
Eskom Holdings SOC Ltd. will be allowed to take over the distribution of electricity in South African municipalities that collectively owed the state utility R85.2 billion at the end of last year.
South Africa will propose binding guidelines later this year to keep public finances on a sustainable path by introducing a principle-based fiscal anchor rather than numerical rules.