Finance Minister Erica Shafudah said the combined approach allows Namibia to settle the external bond without straining social spending or foreign-exchange reserves
The UN Financing for Development Summit failed to deal with the real issue of funding Asian, African and other countries who are hit hardest by the climate crisis yet contribute…
The state has tried the neoliberalism model in various forms for 31 years, and it has not worked
The key assumption that municipalities would raise enough revenue to fund most of their operational expenditure needs to be revisited
Hunger, exclusion from education and Africa’s debt is more than policy failure, inequality and poor planning, it is the theft of dignity, potential and oppression
Pressure can be relieved in a number of ways such as cutting consultants and reducing staffing in non-core areas such as state-owned entities, as well as ministerial office staff
The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
The court highlighted the tension between the rights of a body corporate to be reimbursed for the payments made and the right of a respondent to have electricity supplied
South Africa has a R2 trillion budget to fix the economy. It’s a big ask
If the amendment to the Electricity Act is to be effective, fiscal instability at local government level needs to be tackled
The pressure to succeed financially, combined with the lingering effects of poverty, creates a toxic cycle of consumption, debt and financial instability
Accumulated gross debt is expected to stabilise at R6.2 trillion or 74% of GDP by 2026. The annual cost of servicing this deb in that year will be R440 billion
How the government plans to repay the money is being questioned
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
To avert complete climate catastrophe, African countries need at least $277 billion per year in additional climate finance
Minister Barbara Creecy says African countries need ‘a new suite of financing instruments, with a set of favourable terms and conditions that are not debt generators’
In early 2021, the country agreed to be a guinea pig for a new approach to tackle sovereign debt
The deputy president told the National Council of Provinces that the municipal debt relief would be conditional and application-based
Political parties and NGOs will be taking Nersa and Eskom to court for granting the utility an 18.65% tariff hike
Although direct trade and financial links between Africa, Russia and Ukraine may be small, the main effect of the war will be civil strife in Africa driven by food and energy…
