Latest News & Developments
finances
Mashatile, Ministers under fire for R200 million travel bill, including R900,000 Japan stay
This week, the party revealed that Deputy President Paul Mashatile and his staff have incurred over R2 million in travel-related expenses for transport and accommodation since last year.
eThekwini Municipality has five-day deadline to pay R53 million to company after dismissed Concourt case
eThekwini Municipality has been ordered to pay R53 million to Daily Double Trading within five days or face asset attachment, following a lengthy legal dispute over a terminated contract.
SADTU in KwaZulu-Natal calls for urgent action as it says education department has 'collapsed'
The South African Democratic Teachers’ Union has called for urgent action to address the department's financial problems that are now impacting on schools.
Food inflation hits hard: Household budgets feel the pinch as food prices jump
The May 2025 Household Affordability Index shows a significant rise in the average cost of basic food items.
Household budgets feel the pinch as food prices jump in May 2025
The May 2025 Household Affordability Index shows a significant rise in the average cost of basic food items.
Public Works rejects 'untruthful narratives' on prison maintenance, reveals budget shortfall
The Department of Public Works and Infrastructure refutes claims of unpaid maintenance for prison facilities, revealing significant financial discrepancies and a budget shortfall in its dealings with the Department of Correctional Services.
KwaZulu-Natal schools face food delivery problems due to non-payment of service providers
Service providers for KwaZulu-Natal schoolchildren warn of impending food shortages due to unpaid invoices from the provincial Department of Education, risking the welfare of over a million learners
'Political theatre': Mashatile unshaken as EFF takes fuel levy battle to court
The increase, revealed by Finance Minister Enoch Godongwana during his Budget Speech last week, will see petrol levies rise by 16 cents per litre and diesel by 15 cents, effective from Wednesday.
Budget 3. 0 will go through, we agreed, Mashatile confirms
The national budget now faces a significant R75 billion deficit as a result of the reversal; the minister must close this gap without taking on more debt or stirring up further political turmoil.
Mayors face scrutiny as Auditor-General calls for improved oversight
Mayors across South Africa face criticism from the Auditor-General for failing to uphold their oversight responsibilities, leading to poor municipal performance. The latest report reveals that only 41 out of 257 municipalities achieved clean audits, highlighting the urgent need for accountability and effective leadership.
Dispute with the National Treasury is affecting salary payments in Impendle Municipality
Impendle Municipality's ongoing salary payment issues, linked to a financial dispute with the National Treasury, raises serious concerns about its financial stability and the welfare of its employees.
Msunduzi Mayor Mzimkhulu Thebolla outlines budget plans to stabilise finances, boost economy
Msunduzi Mayor Mzimkhulu Thebolla presents the 2025-2026 budget, focusing on financial recovery, improved service delivery, and combating electricity theft.
Urgent intervention by KZN Cogta as Impendle Municipality fails to pay full salaries
The Mpendle Local Municipality's failure to pay full salaries this month has sparked outrage and intervention from the Cooperative Governance and Traditional Affairs department.
DA proposes rescue plan for Msunduzi Municipality amid financial crisis
The DA has unveiled a rescue plan for Msunduzi Municipality, rejecting the proposed budget and tariff hikes, and outlining a strategy to restore governance and public trust.
Msunduzi Municipality faces R2 billion debt burden due to theft of services and non-payment
Msunduzi Municipality is grappling with a staggering R2 billion debt crisis, primarily attributed to theft of services and non-payment.
Fixing South Africa's ailing municipalities: White paper on local government under review
The review of the White Paper on Local Government highlights the severe crises faced by municipalities in South Africa, including funding challenges and deteriorating relationships with residents, while proposing immediate reforms.
Budget 3. 0 sparks political divide: Praise from unity government, fierce rejection from opposition
Key takeaways from the Minister Enoch Godongwana’s budget speech included Value-Added Tax (VAT) remaining at 15%.
How a Durban mother's Facebook group empowers 800,000 women to master budgeting and saving
Discover how Ncumisa Ndelu, a Durban mother, transformed her budgeting skills into a thriving Facebook community that empowers over 800,000 women in South Africa to save money
Give us the farms: Malema demands the land abandoned by Afrikaners who fled to the US
EFF Leader, Julius Malema cast doubt on the claim that the 49 individuals were legitimate farmers. “Nothing about them looked like farmers—they looked like car guards”.
UIF's R381 million deal with SA Post Office aims to preserve jobs as unions call for long-term solutions
As the UIF injects R381 million into SAPO to save 6,000 jobs, questions remain about the future of the struggling postal service.
KZN municipalities overspend budgets but fail to achieve service delivery targets
The Standing Committee on Public Accounts is investigating how municipalities are spending their budgets, revealing alarming discrepancies between budget allocation and service delivery outcomes
Justin Bieber’s $200 million music catalogue sale: a tune-up for financial woes
A new documentary reveals the pop star’s challenges, including cancelled tours and disputes with former management.
Scopa members slam KZN municipalities for spending over R200 million on consultants
KwaZulu-Natal municipalities have spent over R200 million on consultants, raising concerns about the lack of skills transfer, according to the Auditor-General's report.
More South Africans turn to personal loans as income is eroded by rising expenses
As living costs soar, are personal loans becoming the lifeline for South Africans?
Godongwana rejects wealth tax as 'Dangerous Gamble'—warns of capital flight and economic fallout
Finance Minister Godongwana will deliver his revised national budget on May 21. This is the third one this year.