Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
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President Cyril Ramaphosa announced sweeping changes to the nation’s electricity industry to address energy shortages and reduce reliance on debt-stricken state power utility Eskom.
The South African Revenue Service wants to harness the latest in artificial intelligence technology, self-learning computers and Big Data as it struggles to meet revenue-collection targets.
President Cyril Ramaphosa defended his track record on reform and said policy measures being implemented by the government will yield stronger economic growth in time.
South Africa’s largest labour federation, Cosatu, will present its proposal to rescue state power company Eskom to senior members of government and the business community on Monday.
South Africa has no fiscal space left and must implement strong budget consolidation and state-owned company reforms to ensure its debt sustainability, the International Monetary Fund said.
Communications minister Stella Ndabeni-Abrahams has appointed Basil Ford as administrator of Usaasa, the government agency charged with bridging the digital divide in South Africa.
The CEO of the R1-billion East London electronics factory that faces closure has blamed the husband of communications minister Stella Ndabeni-Abrahams for the company’s woes.
Communications minister Stella Ndabeni-Abrahams has slammed a Sunday Independent report, in which she is accused of misusing taxpayers’ money, describing the article as a “malicious smear campaign”.
A report on Sunday said communications minister Stella Ndabeni-Abrahams allegedly used taxpayers’ money to to pay for her seventh wedding anniversary celebrations.