Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. The state owned ports and rail operator’s credit rating was upgraded by two notches from a previous...
Midrand – Finance Minister Pravin Gordhan had welcomed the latest OECD report into South Africa which states that although strides have been made, the country is not fully reaching its potential. The third Organisation for Economic Cooperation and Development...
Pretoria – Auditor-General Terence Nombembe has urged government departments to work hard towards achieving clean audits, saying sound financial management will go a long way in improving public confidence in state institutions. Nombembe is currently on a...
Cape Town – Underspending on infrastructure and an increase in public servants’ wages remained key concerns for the government, with R3.8 billion in unspent balances in the last financial year expected to be rolled over and an additional R4.4 billion made available to...
Johannesburg – Gauteng, the most populous province in the country, is on track to restore its financial well-being, Finance MEC Mandla Nkomfe said on Monday. The past three fiscal years have been difficult for the province, with diminished collection rates from...
