In a proactive move to address the devastating effects of recent floods across South Africa, the National Treasury has released R372 million from the Municipal Disaster Response Grant (MDRG). This timely intervention aims to assist municipalities...
While South Africa’s economy continues to face challenges of load shedding and impaired port and logistics operations, the South African Revenue Service (SARS) has collected a gross tax revenue of R2.155 trillion for the 2023/24 financial year....
Geordin Hill-Lewis, the Mayor of Cape Town, has introduced a robust draft budget totaling R76.4 billion for the city’s financial year of 2024/25. Notably, the budget sets forth a record-breaking infrastructure investment of R12.1 billion for...
Capital expenditure by Metro’s increased by 20 percent y-y in the first two quarters of the 2023/24 financial year (last six months of the 2023 calendar year), excluding Nelson Mandela Bay, that again included significant adjustments. City of...
