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Municipalities underperform in revenue; high debt levels – Treasury report March 10, 2026
In aggregate, municipalities budgeted for total revenue of R706.6-billion for 2025/26 and realised R360.7-billion by December 31, 2025, representing only 51% of spending. This is according to National Treasury’s report on local government revenue and expenditure for the second quarter of the 2025/26 financial year, covering the performance against the adopted budgets of local government […]
Questions linger on the sustainability of continued GDP growth March 10, 2026
South Africa’s economy grew by 1.1% in 2025, with GDP having expanded by 0.4% in the fourth quarter. The fourth quarter marked the fifth consecutive quarter of economic growth for the country, which acting government spokesperson Nomonde Mnukwa says signals continued resilience in the economy despite a challenging global environment.
N2 bridge projects delayed by struggling local steel sector, construction challenges – Sanral March 10, 2026
Construction work on the multibillion-rand Mtentu and Msikaba bridge projects in the Eastern Cape are both facing renewed delays, says the South African National Roads Agency Limited (Sanral). The mega-bridges form part of Sanral’s N2 Wild Coast road project, which entails the construction of a 410 km stretch of road from East London to the […]