Government borrows more money to make ends meet – economist
An economist says SA is cash-strapped and will have to keep borrowing money to make ends meet.
Source: sowetanlive.co.za
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Worst run municipalities will have debt to Eskom written off
Some of SA’s worst run municipalities will have their debt to Eskom written off while others are waiting to hear if the National Treasury will approve their debt relief applications.
Source: sowetanlive.co.za
Civil groups decry budget cut for Social Relief of Distress grants
Civil organisations say they are disappointed by the reduction of the budget for the Social Relief of Distress (SRD) grants, saying that more money should have been allocated as the R350 beneficiaries are getting is not enough.
Source: sowetanlive.co.za
MIDTERM BUDGET | Vital spending crowded out as public service creates 45,000 new millionaires
The number of government employees earning more than R1m per year has increased from 10,000 to 55,000 in the past 10 years, the medium-term budget policy statement revealed on Wednesday.
Source: timeslive.co.za
Government to write off municipal Eskom debt
On application by municipality, the debt to Eskom up to 31 March 2023 will be written off over a three-year period, in equal annual tranches. This is provided the municipality complies with set conditions.
Source: sowetanlive.co.za