Economic justice

World Bank projects paltry GDP growth for SA in 2019

9 January 2019

South Africa’s real GDP growth will expand by a paltry 1.3% in 2019, according to a World Bank projection, putting it among the worst performers in sub-Saharan Africa.

The bank, which published its annual Global Economic Prospects on Tuesday evening, downgraded the country's projected 2019 growth rate from its June 2018 estimate of 1.8%. 

At 1.3%, SA’s projected real economic expansion will come in at under a third of the estimated 4.2% growth rate of its emerging market peers. It is also well below the projected sub-Saharan average of 3.7%.

Final POPI regulations published

9 January 2018

The Information Regulator in SA published the final Protection of Personal Information (POPI) regulations on 14 December 2018.

Law firm Michalsons notes the regulations say: "These regulations shall be called the regulations relating to the protection of personal information, 2018."

The POPI Act was signed by the then president Jacob Zuma on 19 November 2013 and published in the Government Gazette on 26 November 2013.

Public finance is key to delivering the human right to health

12 December 2018 

Today, December 12, is an equally significant date: the very first official Universal Health Coverage (UHC) Day endorsed by the United Nations.

Universal health coverage is built on principles of equity and fairness, with health services allocated according to people’s needs and the health system financed according to people’s ability to pay.

'Bad financial management' behind govt's delayed IT system

6 December 2018 

A forensic report into a delayed national IT system has recommended that Treasury director general Dondo Mogajane take action against officials allegedly responsible for financial mismanagement.

Treasury on Wednesday night briefed the standing committee on public accounts (Scopa) on the findings and recommendations of a probe into the Integrated Financial Management System, or IFMS.

The manufacturing sector helps lift SA out of a recession

5 December 2018

Sick and tired of living in a recession? Well, Statistics SA has good news for you. The economy grew by 2.2% in the third quarter this year, meaning that the economy is growing and the country is no longer in a recession.

The 2.2% growth in the gross domestic product (GDP) in the third quarter — July to September — equates to an annualised 1.1% improvement from a year ago. The GDP measures the total output of the economy.

Zimbabwe left with less than a week of fuel supplies

28 Novemebr 2018 

Poor planning by the Zimbabwe government has resulted in the country facing dwindling fuel supplies.

For the past two weeks there have been long, winding queues countrywide. The most affected are motorists with petrol-driven engines.

At a queue that stretched for a kilometre in Bulawayo’s central business district,  Charles Moyo told TimesLIVE on Wednesday morning that he had spent the greater part of his night waiting for fuel.

'Greedy' city official pocketed R439k meant for poor litter-pickers

Public health official Pumeza Schumacher, who stole hundreds of thousands of rands meant for litter-pickers to clean Nelson Mandela Bay wards, will have to wait until December 6 to be sentenced.

The former community liaison officer, who is out on bail, pleaded guilty to one count of fraud and was convicted immediately in September.

She stole money to the tune of R439,398 over four years.
 

Concerns raised around increase in municipalities adopting unfunded budgets

17 November 2018

Parliament's Select Committee on Appropriations (SeCOA) has expressed serious concerns over the increase in municipalities that adopted unfunded budgets for the 2018/2019 financial year.

In a statement issued on Saturday, the SeCOA said that 113 municipalities adopted unfunded budgets in the 2018/2019 financial year, compared to 83 in the previous year.

Auditor General gets more teeth to fight financial irregularities at public entities

21 November 2018 

The office of the Auditor General of South Africa will soon be able to hold government officials responsible for financial irregularities accountable.

President Cyril Ramaphosa has signed the Public Audit Amendment Act, which was published in the government gazette for public consultation on Tuesday. The act was assented to on November 18 and signed by Ramaphosa on Tuesday.

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