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2013 Budget in a nutshell

Cape Town – Finance Minister Pravin Gordhan clearly did not want to rock the boat in the rather conservative 2012/13 budget he unveiled in parliament on Wednesday. Most South Africans – as well as the business community and financial markets – should be pleased with a budget which takes the National Development Plan as its […]

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Tender blues for black Eastern Cape builders

DESPITE billions going into building the Eastern Cape’s infrastructure, provincial construction companies are being bypassed for the work. Instead, contracts for Eastern Cape infrastructure development go to construction businesses from Gauteng, KwaZulu-Natal and Limpopo. This was claimed by the National African Chamber of Commerce (Nafcoc) construction sector leader Nelson Mavume. According to Mavume, this is […]

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The City of Cape Town signs R2.4bn loan to finance infrastructure projects

The City of Cape Town has signed a R2.4 billion loan credit facility agreement with a French development bank, which will assist it in financing infrastructure projects identified in the Integrated Development Plan (IDP) for the next five years. These infrastructure projects include the expansion of the MyCiTi bus services to Mitchell’s Plain and Khayelitsha, […]

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Joburg is ripping off ratepayers

A scathing report, presented to the metro’s finance committee this week shows Johannesburg buckling under financial strain because of gross mismanagement, fraud, corruption and poor internal controls. Briefing the media yesterday, Mmusi Maimane, the DA caucus leader in Johannesburg, said the damning findings had led to the council receiving its third consecutive qualified audit. According […]

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Department of Human Settlements goes after contractors of badly-built RDP houses

STEPS were being taken to rectify badly-built RDP houses and to hold responsible parties accountable, the Department of Human Settlements said on Wednesday. Human settlements director-general Thabane Zulu said the department would soon introduce a house rectification programme to deal with defective houses built from 2002. He said the Special Investigating Unit (SIU) was also […]

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