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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

Planned R20bn tax increase withdrawn from 2026 Budget

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Finance Minister Enoch Godongwana announced during his 2026 Budget speech on February 25 that a R20-billion tax increase that was previously earmarked for the 2026 Budget has been withdrawn and personal income tax (PIT) brackets, as well as medical tax credits, will be fully adjusted for inflation after two years of no inflationary relief. Tax thresholds and limits will also be adjusted for the impact of inflation to assist small businesses and provide overall relief to taxpayers.

Infrastructure in focus as South Africa reaches fiscal ‘turning point’

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Accelerating infrastructure investment emerged as a central theme of the 2026 Budget, which Finance Minister Enoch Godongwana characterised as representing a “turning point” for both debt stabilisation and for government’s reform-led growth agenda. Having signalled in November that there would be a concerted effort to shift the composition of spending to infrastructure, Godongwana confirmed that capital payments would be the fastest-growing item of government expenditure over the coming three years.

Budget outlines shift from oversight to ‘structural intervention’ to tackle municipal ...

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Amid growing dissatisfaction with the performance of many of the country’s 257 municipalities, 162 of which are categorised as being in financial distress, the National Treasury has outlined what it describes as a fundamental shift in the subnational fiscal architecture that moves from oversight to active structural intervention. “At the municipal level, this shift involves changes to legislation, governance arrangements and technological intervention,” the Budget Review states, indicating that the proposed municipal reforms are rooted in the revised White Paper on Local Government.

Treasury targets more savings after R12bn identified under TARS scheme

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The National Treasury reports that R12-billion in savings has been identified for the coming three years as a result of its Targeted and Responsible Savings (TARS) initiative, which requires departments to interrogate programme efficiency and effectiveness when seeking funds. “Overall, the first round of this process has identified R12-billion in wasteful or ineffective programmes. Over the medium term, government intends to realise more savings,” the Budget Review states.

Treasury mandates sustainability plans as fiscal anchor going forward

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To entrench commitments to healthy public finances, national government will introduce legislation requiring each new administration to table a medium-term fiscal plan to embed fiscal sustainability, Finance Minister Enoch Godongwana confirmed during the 2026 Budget speech on February 25. Since 2008/09, government’s debt ratio has more than tripled with debt service costs having risen from 8.8% of revenue in 2008/09 to 21.3% in 2025/26, which crowds out other spending.
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