The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
National Treasury will explore introducing amendments to the appropriations bill to account for the reprioritisation of funds to fight Covid-19.
National Treasury announced on Thursday that it had issued an instruction note for municipalities and their entities to speed up procurement of goods and items to help prevent and contain the spread of the coronavirus.
Ramaphosa talks spread in poorer areas, implications for by-elections and disaster finances.
Tax Justice South Africa head, Yusuf Abramjee said Mboweni's hikes on alcohol and tobacco duties would enable “criminals in the dark economy” to raise their prices accordingly and profit even more than before instead honouring their tax obligations.
The Fiscal Responsibility Bill contains measures to try to contain national debt.
Bernard Agulhas, the head of auditing watchdog the Independent Regulatory Board for Auditors, says a draft amendment bill will make the auditing watchdog more efficient.
The IMF found that while South Africa had economic potential, risks to the economy, including weak growth and difficulties in the operations of state-owned enterprises, persisted, undermining potential.
National Treasury has released a new draft law that will standardise the fees municipalities charge for new property developments.
Minister of Finance Tito Mboweni told the National Council of Provinces he did not believe that National Health Insurance should be considered as the only panacea to the challenges dogging the public healthcare system.
Persistent weak economic growth is widening from the rosier estimates projected in the 2019 Budget over the next three years.
The CEO of Business Leadership SA warns that, even if the country successfully curbs the spread of the coronavirus, its economic impact is bound to be dire.
National Treasury warns that scammers are targeting businesses who supply to government by purporting to send out requests for quotations on coronavirus prevention equipment.
The bill puts obligations on the minister of finance to contain net loan debt within certain margins, ensure that a main budget surplus is in place and that compensation of employees does not expand to unmanageable levels.
The Democratic Alliance's proposals ahead of Minister of Finance Tito Mboweni's Budget Speech include electricity reforms, legislation to stabilise debt, reduce spending and stabilise current expenses.
National Treasury warned Parliament's Standing Committee on Appropriations on Tuesday morning that a number of state-owned entities were accumulating cash from departmental transfers as operational challenges hurt their revenue.
The president has instructed the Special Investigations Unit to probe a wide array of allegations of corruption, tender fraud and maladministration related to three state-owned entities.
A VAT hike of 1pp to 16% is expected ahead of the Budget Speech in February 2020.
Government has to implement National Treasury's economic blueprint if SA is to attract domestic and foreign investment, deputy finance minister David Masondo has said.
Fourteen municipalities that deposited R1.6bn in the ill-fated VBS Mutual Bank were unlikely to ever recover their money, the auditor general says.
Minister of Communications Stella Ndabeni-Abrahams says responsibility and control of Postbank has been transferred to the Postbank Board and management in line with section 6 of the South African Postbank Limited Act.
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