In The News South Africa

KZN budget up to R115 billon

PIETERMARITZBURG, March 7 (ANA) – KwaZulu-Natal’s provincial budget is set to top R115 billion in the coming financial year – a R5 billion rand increase over the current year. This emerged on Thursday when KwaZulu-Natal finance MEC Belinda Scott presented the provincial budget to the KwaZulu-Natal legislature in Pietermaritzburg. Education and Health take the lion’s […]

In The News South Africa

SA GDP shrinks 0.3% in fourth quarter

South Africa’s gross domestic product (GDP) contracted 0.3 percent between October and December 2016, Statistics South Africa (StatsSA) said on Tuesday. StatsSA said the 2016 fourth quarter saw the first negative fourth quarter growth since the 2.3 decline in 2008. The main contributors to the negative GDP growth rate were the mining and quarrying industry […]

In The News South Africa

Zuma meets with ministers in attempt to resolve social grant crisis

Steps are being taken to ensure that the 17 million social grant beneficiaries receive their grants on April 1, the presidency said on Saturday. President Jacob Zuma on Saturday afternoon met Finance Minister Pravin Gordhan and Social Development Minister Bathabile Dlamini to “receive a progress report on the readiness to pay social grant beneficiaries” from […]