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Budget News

South Africa ranks second in budget transparency index

By: Donna Slater 15th July 2022 South Africa ranked second in terms of transparency in the 2021 Open Budget Index, scoring 86 points out of 100. The index, which included 120 countries, was compiled by the International Budget Partnership (IBP) through an Open Budget Survey. →

Programme aims to improve water value chain

By: Halima Frost 8th July 2022 With the Blue Drop regulation programme assessment focusing on the improvement of the entire value chain of South Africa’s potable water infrastructure, University of Pretoria project management associate professor Giel Bekker says it should be relatively simple to improve the current dire water... →

A water reservoir with water being processed for distribution to a residential area

POOR POTABILITY The lack of water infrastructure in South Africa is clearly indicated by its lack of potable water

Cesa challenges Sanral’s decision to cancel tender

1st July 2022 Industry body Consulting Engineers South Africa (Cesa) is challenging the decision by the South African National Roads Agency Limited (Sanral) board to cancel critical infrastructure tenders worth R17.5-billion on the basis that the adjudication process was flawed owing to the involvement of... →

TENDER DEBACLE Cesa is challenging Sanral’s decision to cancel 17.5-billion in tenders

Infrastructure rebuilding good test for sector

By: Mandisa Nyathi 1st July 2022 The rebuilding of damaged infrastructure, in KwaZulu-Natal, after the devastating floods, will be a good test for the consulting engineering sector’s capacity to supplement skills shortages, says consulting engineering and scientist firm SRK Consulting MD Vis Reddy. →

VIS REDDY Rebuilding projects will see many engineering companies hired to fix the infrastructure in the province.

Consulting engineering sector faces skills depletion

By: Mandisa Nyathi 1st July 2022 The Covid-19 pandemic has led to increased retrenchments and job losses in the consulting engineering industry, which, in turn, has led to a skills drain in the sector, temporary works consultant Waco Engineering Services MD Otto Botha says. →

OTTO BOTHA Government projects are important because engineers gain the required skills and create job opportunities for community members, adding that the Sanral’s decision to cancel R17.47-billion in tenders will lead to delays in executing projects

Best practices for small businesses

1st July 2022 Experienced engineers are crucial in such a critical and technically-minded sector as engineering, and it is consequently not surprising that the industry players place a premium on the employment of those who have the years under their belts, says engineering firm Zimile Consulting Engineers CEO... →

De Ruyter says immediate renewable energy investment should focus on Mpumalanga

By: Darren Parker 22nd June 2022 State-owned utility Eskom CEO André de Ruyter wants Mpumalanga to be the focal point for investment in renewable energy generation capacity to leverage the province’s well established transmission grid and to mitigate the potential for mass unemployment in the province as coal-fired power... →

Photo by Creamer Media
Eskom CEO André de Ruyter

Better assessment needed to overcome future crises – BLSA

By: Donna Slater 13th June 2022 In responding to crises on local soil, South Africa needs to ensure all collaborators have sufficient capacity to engage and plan for joint action, says Business Leadership South Africa CEO Busi Mavuso. She says South Africa has responded well to some of the recent crises it has been presented... →

Ways to overcome challenges when your boiler fails

10th June 2022 Over the past 24 months, companies requiring emergency boiler systems have succumbed to price increases to keep their steam operations functioning. →

STEAM SYSTEMS A spike in boiler hire is directly proportional to an increased uptake in boiler repair services.

At least 50% of Lanseria smart city’s housing will need to be subsidised

By: Darren Parker 9th June 2022 At least 50% of the housing planned for the Lanseria smart city initiative will need to be subsidised or cross subsidised to maximise inclusion, Gauteng Department of Economic Development deputy DG Jak Koseff said at the African Smart City Summit, in Midrand, on June 8. He said the development of... →

Lanseria smart city plans

Tech company commissioned to run upgrades in UAE

3rd June 2022 Global technology company ABB has installed ABB Ability System 800xA, called the market-leading distributed control system (DCS) automation platform, to upgrade three grinding units at Star Super Cement in Dubai, in the United Arab Emirates (UAE), →

Automation supplier launches MV VSDs

By: Mandisa Nyathi 3rd June 2022 Earlier this month electrification and automation product supplier ElectroMechanica (EM) extended their portfolio with the launch of the high-performance and cost-effective Delta MVF23/MVF20 series medium-voltage variable speed drives (VSDs). →

NEW DRIVES The Delta MVF23/MVF20 series offers advanced flux-oriented vector control techniques, with or without the use off-speed sensors

Company performs complex breakdown repair on rotor

3rd June 2022 Electro-mechanical services and repairs company Marthinusen & Coutts (M&C) recently performed comprehensive repairs to the rotor of an aging 30 MW generator which had failed during operation at JSE-listed forest group Sappi’s Saiccor pulp mill in Umkomaas, KwaZulu-Natal. →

MECHANICAL REBUILD Generator rotor undergoing dimensional checks in M&C mechanical rebuild

Local assembly of MACC drives to slash lead times

3rd June 2022 Drive technology supplier SEW Eurodrive’s expanded local capability out of its new Aeroton facility will include the assembly of SEW M-Series Air Cooled Condenser (MACC) air-cooled condenser drives for delivery at a rate of three units a week →

AIR COOL CONDENSERS Air-cooled condenser (ACC) systems used in steam-driven power generation plants.

Enlit Africa is back

27th May 2022 Enlit Africa returns to Cape Town as a live conference and exhibition from June 7 to 9 this year, focusing on the current opportunities and challenges in the energy sector – from self-generation for municipalities and gas exploitation to renewable and energy storage solutions for the commercial... →

Company to exhibit at Enlit Africa in June

27th May 2022 With advanced submetering instrumentation and intelligent energy management solutions, industrial power and energy meter solution manufacturer Accuenergy is proud to be exhibiting at Africa's leading energy event, Enlit Africa →

Energy transition to be discussed at Enlit

27th May 2022 As South Africa experiences yet another period of load-shedding, the option of generating electricity for personal use is starting to look all the more attractive. →

Workable solutions to mitigate SA’s energy crisis

27th May 2022 South Africans have become accustomed to working and living with load-shedding over the past few years. Scheduled and unscheduled power outages have become a reality, with 1 130 hours of planned power cuts experienced in 2021 alone. Recently, the country was warned that the future of its... →

An image of a battery that stores energy from the solar PV

ENERGY STORAGE Solar photovoltaic equipment, such as battery prices, have increased owing to the pandemic

Water solutions for Makana Municipality

27th May 2022 Water service utility Amatola Water, Makana municipality and consulting engineering company Bosch Projects continue to work hard to solve the water shortages in Makhanda, formerly Grahamstown, in the Eastern Cape. →

Image of water waste treatment plant under construction

PROJECT UNDER WAY The James Kleynhans Water Treatment Works project is currently in its second phase

Tau outlines GDED budget progress

By: Natasha Odendaal 20th May 2022 As Gauteng Economic Development; Environment, Agriculture and Rural Development MEC Parks Tau delivered the 2022/23 departmental budgets, he outlined the progress that Gauteng has made across the Gauteng City Region. The Gauteng Department of Economic Development’s (GDED’s) pre-designation work... →

Gauteng Provincial Treasury budget focuses on economy, own revenue improvement

By: Creamer Media Reporter 20th May 2022 Gauteng Finance and e-Government MEC Nomantu Nkomo-Ralehoko is focusing on jobs and the economy in the last two-and-a-half years of this political term of government amid significant challenges faced over the past few years. Presenting the Gauteng Provincial Treasury’s Budget Vote in “complex and... →

Project launched to fast-track energy, water transition

By: Halima Frost 13th May 2022 The South African Industry Adaption (SAIA) project was launched last month to accelerate South African industry’s energy and water transition to a decarbonised, green and inclusive economy, as well as a vibrant job market. SAIA is a collaboration between the governments of South Africa and... →

A photo of Lee-Hendor Ruiters speaking at teh launch of the The South African Industry Adaption (SAIA) project which was launched last month to accelerate South African industry’s energy and water transition a collaboration between the governments of South Africa and Flanders, in Belgium, and the United Nations Industrial Development Corporation

LEE-HENDOR RUITERSThe South African Industry Adaption (SAIA) project was launched last month to accelerate South African industry’s energy and water transition

Kubayi prioritises faster delivery of housing in 2022/23 budget

By: Marleny Arnoldi 10th May 2022 Human Settlements Minister Mmamoloko Kubayi has tabled her department’s Budget Vote for the 2022/23 financial year at a time when there is rising demand for reform on housing delivery and heightened attention on the portfolio following flood disasters in KwaZulu-Natal and the Eastern Cape. The... →

Photo by Creamer Media
Human Settlements Minister Mmamoloko Kubayi

Delaying projects puts pressure on limited skills

By: Anna Moross 22nd April 2022 The delay of emergency-generation capacity projects – all part of the Risk Mitigation Independent Power Producers Procurement Programme (RMIPPPP) – because of the powership court case, will not only affect independent power producers but also have a knock-on effect on demand for local skills and... →

An image of Wayne Alcock MD at Quyn International

WAYNE ALCOCK Considering the commencement of BW5, as well as the delayed emergency-generation capacity projects, the upshot is that there will be numerous projects all looking to recruit local resources

Treasury launches Retail Savings Bonds Top-Up facility

By: Donna Slater 1st April 2022 The National Treasury on April 1 launched its Republic of South Africa (RSA) Retail Savings Bonds Top-Up facility, offering applicants and savings groups the ability to invest with an opening balance of R500 and top-ups of no less than R100. Debt issuance and management director Terry Msomi says... →

Public Works dept clears unpaid invoice backlog

By: Donna Slater 14th March 2022 Public Works and Infrastructure Minister Patricia de Lille reports that “notable progress” has been made by the Department of Public Works and Infrastructure (DPWI) on paying unpaid invoices from its suppliers, with unpaid invoices for more than 30 days, 60 days, 90 days and 120 days being zero... →

New SAIIA paper highlights IMF's role in supporting South Africa's just transition

By: Darren Parker 2nd March 2022 Global finance organisation the International Monetary Fund (IMF) has an important role to play in supporting South Africa’s just transition away from fossil-fuel dependence, independent think-tank the South African Institute of International Affairs (SAIIA) has found. The organisation this week... →

Industry cautiously optimistic following Godongwana’s maiden Budget

By: Simone Liedtke 25th February 2022 In spite of South Africa’s construction sector being one of the country’s slowest-growing sectors of the last decade, economic consultancy Econometrix chief director and economist Dr Azar Jammine remains optimistic that, following the National Budget speech earlier this week, the South African... →

Pic of South African Finance Minister Enoch Godongwana

AfriSam's Richard Tomes, Former SA Finance Minister Trevor Manuel and Econometrix's Dr Azar Jammine comment on the 2022 National Budget. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

SHRA encouraged by social housing progress

By: Darren Parker 25th February 2022 The Social Housing Regulatory Authority (SHRA) has said it is “encouraged” by government’s commitment to the development of social housing across South Africa, following Finance Minister Enoch Godongwana’s budget speech on February 23. The budget highlighted that human settlements projects... →

CoJ passes Adjustment Budget, which prioritises infrastructure

By: Marleny Arnoldi 25th February 2022 The City of Johannesburg (CoJ) has passed its Adjustment Budget through its Council to see it through to the end of the 2021/22 financial year in June. The CoJ says the Adjustment Budget is, in various ways, a prudent response to a loan market that is increasingly averse to lending money to... →

Ratings agency Fitch pours cold water on Godongwana's budget

By: News24Wire 24th February 2022 Fitch Ratings, one of the big three ratings agencies on which SA depends for its credit rating, has expressed doubt that Treasury has the ability to contain government spending pressures following the tabling of Finance Minister Enoch Godongwana's maiden budget on Wednesday. Fitch noted that... →

Increased spend on economic development over medium term is modest, but intended to be potent

By: Marleny Arnoldi 23rd February 2022 Expenditure on economic development will increase at an average annual rate of 8.5% over the next few years, from R201-billion in 2021/22 to R256-billion in 2024/25, the National Treasury revealed in its Budget 2022 document published on February 23. This function in government’s capital... →

Treasury launches bounce-back support scheme for SMEs

By: Marleny Arnoldi 23rd February 2022 Finance Minister Enoch Godongwana has announced that the National Treasury will launch a new business bounce-back scheme to support small and medium-sized enterprises (SMEs) that remain in distress as a result of Covid-19 and related lockdown restrictions. The scheme will use two mechanisms... →

Carbon Tax Phase 1 extended to end-2025

By: Marleny Arnoldi 23rd February 2022 Government has extended the first phase of South Africa’s Carbon Tax by three years to December 31, 2025, in an effort to support businesses in their clean transition endeavours. This means that the transitional support measures afforded to companies in the first phase, such as significant... →

No fuel levy, RAF levy increases for 2022/23

By: Marleny Arnoldi 23rd February 2022 There will be no increase in either the general fuel levy or the Road Accident Fund (RAF) levy in 2022/23. The National Treasury has, instead, turned its focus to providing an overall R5.2-billion in tax relief, in support of households and the economy. →

Minister reiterates ‘tough love’ approach to SOE fiscal dependence

By: Marleny Arnoldi 23rd February 2022 Finance Minister Enoch Godongwana has reiterated his commitment to clamp down on State-owned entities (SOEs) that are draining the fiscus with bailouts. Delivering his Budget 2022 speech on February 23, he pointed out that more than R308-billion had been directed towards bailing out failing SOEs. →

Godongwana says ‘tide is turning’ but mulls new fiscal anchor to fully restore sustainability

By: Terence Creamer 23rd February 2022 Finance Minister Enoch Godongwana insists South Africa’s fiscal sustainability tide is turning but also signalled on Wednesday that government is considering the introduction of a new “fiscal anchor” to consolidate the modest improvements made to date and to restore fiscal sustainability over the... →

Finance Minister Enoch Godongwana

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