NELSON MANDELA BAY MUNICIPALITY: UNDERSPENDING COSTS MUNICIPALITY R262.5 MILLION

Severe underspending by Nelson Mandela Bay may cost the municipality R262.5 million in grant funding. Following the 2024/25 mid-year expenditure reports, tabled in December 2024, the National Treasury has written to the Municipal Manager, Mandla George to inform him that the treasury intends invoking section 18 Division of Revenue Act and section 38 of Municipal Finance Management Act, due to substantial underspending by the municipality.

Continue ReadingNELSON MANDELA BAY MUNICIPALITY: UNDERSPENDING COSTS MUNICIPALITY R262.5 MILLION

UNEMPLOYMENT RATE: REMAINS STUBBORNLY HIGH AT 31.9%, HIGHLIGHTS URGENT NEED FOR A SOCIAL SAFETY NET

Of the 41,6 million people of working age in South Africa (15 – 64 years old). 8 million South Africans are unemployed, a further 3.5 million are discouraged work seekers and 13 million are not economically active. This leaves 24,5 million South Africans with no income to support their families.

Continue ReadingUNEMPLOYMENT RATE: REMAINS STUBBORNLY HIGH AT 31.9%, HIGHLIGHTS URGENT NEED FOR A SOCIAL SAFETY NET

BUDGET 2025/26: IF TAX HIKES UNAVOIDABLE, ONCE-OFF WEALTH TAX MAY FOOT THE BILL

South Africa’s economy is at a crossroads: There’s a shortage of revenue, little room to increase already steep income and company tax without pushing the middle class over the edge, and a crisis of poverty that if left unaddressed threatens the sustainability of the constitutional democracy.

Continue ReadingBUDGET 2025/26: IF TAX HIKES UNAVOIDABLE, ONCE-OFF WEALTH TAX MAY FOOT THE BILL

HAMMANSKRAAL WATER: GOOD WELCOMES SCIENTIFIC TESTING RESULTS CONFIRMING NEW PROJECT WATER REMAINS SAFE TO DRINK

GOOD has noted the increased politicisation around the supply of safe water to the residents of Hammanskraal. The new project, run by Magalies Water at Klipdrift Water works, came online in January 2025 and supplies safe drinking water to several areas of Hammanskraal. It is the first of several phases to be rolled out to expand the network of safe water to Hammanskraal.

Continue ReadingHAMMANSKRAAL WATER: GOOD WELCOMES SCIENTIFIC TESTING RESULTS CONFIRMING NEW PROJECT WATER REMAINS SAFE TO DRINK