There are two main challenges in terms of arrears owed to Eskom as well as municipalities: first, consumers who do not pay for municipal services delivered; and second, a lack of leadership to ensure that credit control is enforced and Eskom and / or municipal revenue is collected. As a result, a blanket approach to consumer debt write-off is not economically viable, affordable or ...
a) South Africa's financial services sector is sophisticated and well-regulated, and it offers a vast array of financial products and services. This level of variety requires consumers to be equipped with the information, knowledge, and skills necessary to evaluate their options and select the ones that best suit their needs and circumstances. This is especially true for populations that have historically been underserved by ...
1. The expenditure data presented in the 2023 MTBPS is a synopsis of the comprehensive details that will be presented at the time of the 2024 Budget. In the meantime, as indicated in the 2023 MTBPS the rise in debt-service costs, and weaker revenue collection, is having an adverse impact on the total amount available for government spending. This is the first and most ...
The South African income tax system is progressive, meaning that taxpayers who earn more pay a higher rate of tax than those who earn less. Consequently, taxpayers at the lowest tax brackets get to take home a larger portion of their income after tax than those at the higher income tax brackets. For example, taxpayers who earn less than R 95 750 per annum (for ...
1. (a) The draft report (termed revision 1) of the VGBE Energy Service GmbH’s Independent Assessment of Eskom’s Operational Situation was submitted to the National Treasury on 21 July 2023.
(b) There was no additional mandate given to the consultants beyond the original scope of work that was agreed on which included the following:
|
(a) Minister |
(b) Deputy Minister |
(c) Any other National Treasury official |
|
|
(i) Details of each person in department who attended the Rugby World Cup in France in October 2023 |
No |
No |
No |
|
(ii) Total number |
N/a |
N/a |
N/a |
|
(iii) (aa) Travel |
Nil |
Nil |
Nil |
|
(iii) (bb) Accommodation |
Nil |
Nil |
Nil |
|
(iii) (cc) Any other related costs |
Nil |
Nil |
Nil |
1. Please note that responses on the greylisting of the country by the Financial Action Task Force has been provided including a response relating to illicit financial flows. Please refer to PQ943, PQ3967, PQ2641, PQ2642 and PQ4712.
In PQ4712, the following was indicated, the United Nations Economic Commission for Africa and the United Nations Conference on Trade and Development UNCTAD were running a 12-country ...
1. Blended Finance Scheme.
The approval information of the Blended Finance Scheme (BFS), which was launched in October 2022, is provided in the attached Annexure A.
The Bank prepares a report on a quarterly basis to provide the kind of details that is being requested. Therefore, the information herewith provided is for a period from the launch of the BFS to the ...
Municipalities have the option to utilise several grants, such as the Integrated Urban Development Grant (IUDG), Municipal Infrastructure Grant (MIG), and Urban Settlements Development Grant (USDG), for infrastructure-based LED initiatives. This is an acceptable practice. However, in terms of a specific introduction of a conditional grant like the Local Economic Development Grant, created to drive economic development and alleviate unemployment in rural areas, we ...
More »(1) The instrument used for this loan is a Development Policy Operation (DPO), which means this loan is provided to South Africa on the strength of a completed set of policies and reforms. The institutional reforms that are referenced on the DPO fall under climate change and the electricity sector, mostly covered under NECOM.
(2) The DPL terms includes the following:
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Institutions |
Disbursement |