High Court finds PIC board exceeded its powers
Chief executive Patrick Dlamini’s suspension was unlawful because the prescribed governance process was not followed.
#EnochGodongwana
A new board, but old questions at the PIC
Fresh appointments may restore oversight, but they do not resolve the disputes and investigations that continue to beset the Corporation.
Treasury swaps sanctions for stricter municipal oversight
The release of R7.1 billion buys time, but December’s equitable share assessment will determine whether non-compliant municipalities face another funding freeze.
Masondo exits as PIC governance crisis deepens
Finance Minister Enoch Godongwana confirms that he asked the entire board to step down or explain why its members should not be removed.
Treasury faces seven-day deadline over withheld municipal funds
Lawmakers want legal questions over withheld equitable-share allocations resolved as Treasury begins releasing billions of rand to compliant municipalities.
Treasury’s crackdown spreads beyond municipalities
Municipalities that fix their governance failures could regain funding within weeks, while provinces and national departments are now facing the same scrutiny.
Fuel levy dispute before the courts as consumers brace for higher prices
Temporary fuel levy relief ends on 5 May as pressure builds at the pumps. The High Court case will test whether the minister can adjust the levy without Parliament.
SARS exceeds R2 trillion as compliance, not commodities, drives revenue
Milestone caps Kieswetter’s tenure as a new commissioner prepares to take office from 1 May.
SARS raids mark overdue escalation in illicit economy crackdown
Search-and-seizure operations targeting customs corruption mark a move from policy to enforcement, as SARS steps up efforts against illicit trade draining billions from the fiscus.
High Court: Minister’s power to set VAT rate is unconstitutional
The declaration of invalidity was suspended for 24 months and referred to the Constitutional Court for confirmation.
Kamlana reappointed as FSCA Commissioner for a second five-year term
The terms of two deputy commissioners were also renewed, while the third deputy will step down at the end of May.
Holding the line: fiscal discipline takes centre stage
National Treasury Director-General Duncan Pieterse says South Africa’s core fiscal challenge is structurally low economic growth that trails population expansion.
Is South Africa finally turning the corner on debt?
While borrowing remains substantial, improving bond yields, firmer revenue, and reduced debt-service growth suggest a more credible consolidation path.
Disciplinary process under way at GPAA amid governance concerns
Parliament reiterates concerns about financial management and governance highlighted in recent audit outcomes.
Call for NHI settlement exposes fault lines over healthcare reform
Organisations engaged in litigation to oppose the NHI Act respond to Finance Minister Enoch Godongwana’s appeal for a compromise.
SARB clarifies 3% inflation target as policy shifts draw mixed reactions
The MPC’s first rate cut in months underscores the SARB’s view that a lower target can support a gradual easing cycle.
Treasury: 3% inflation target will improve competitiveness but squeeze short-term revenues
Godongwana announces a shift from the 3%-to-6% range to a 3% target with a 1-percentage-point tolerance band, to be implemented over two years.
