- Current Affairs
Updated: 2 hours 47 min ago
Irregular expenditure by government departments and public entities has soared by nearly 40% over the past three years, the auditor general has revealed.
The Western Cape was the best performing province in the 2015/16 financial year, Auditor General Kimi Makwetu says.
The South African National Roads Agency has been slammed by MPs in Parliament for being vague about its more than R1.6bn irregular expenditure.
Zimbabwe’s annual inflation for October gained 0.37 percentage points to close the month at -0.95%, as prices rose on the back of shortages for some basic products.
Mark Pamensky, a director of a company owned by the Guptas that has ties with President Jacob Zuma’s son, has resigned as a board member at Eskom.
A closed meeting on the nuclear build plan reinforces the perception that government has something to hide, says lobby group Safcei.
Head of the National Prosecuting Authority, Shaun Abrahams, has played down the economic impact of charges being levelled against Finance Minister Pravin Gordhan.
The latest BankservAfrica Economic Transaction Index suggests a further decline in the South African economy.
The National Assembly could not pass the division of revenue bill as the required 50% plus one member were not present in the chamber during the voting process.
Some of the world’s highest trade costs can be found in Africa and it is estimated that about 40% of the cost of goods are attributable to transport cost.
National Treasury had a meeting with Fitch ratings agency on Tuesday in which it affirmed South Africa’s commitment to fiscal discipline.
In real terms house prices in the middle-segment of the SA housing market deflated further in September this year, according to an Absa index.
Part of the problem of the world today is exclusivity, says billionaire businessman Christo Wiese at the launch of an innovative investment product.
UK inflation has unexpectedly slowed in October, driven down by the price of clothing and university tuition fees.
The Banking Association of South Africa does not support the principle of debt forgiveness, says managing director Cas Coovadia.
Prasa chairperson Popo Molefe has repaid R680 000 for extra board meetings that had not been approved by the Department of Transport.
Members of the public and the media had to leave a Parliamentary meeting empty-handed where the forensic report on PetroSA was going to be discussed.
The Automobile Association expects the petrol price to decrease by 45 cents a litre in December as international petroleum prices have started declining in November.
Britain may borrow £100bn more than previously forecast over the next five years as Brexit hits the economy, according to PricewaterhouseCoopers.
The SA Renewable Energy Council wants to see a “shift of attitude” from Eskom as it seeks a new chief executive following Brian Molefe’s resignation.