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The largest risk to the recovery in South Africa’s public finances is a deterioration in GDP growth, say National Treasury officials. Source: BusinessTech

The National Treasury has published two possible scenarios for South Africa’s economy until the end of 2029. Source: BusinessTech

The South African Revenue Service (SARS) established a High Wealth Individuals Unit in 2021 to improve compliance of individuals with wealth and complex financial arrangements, says Louis Botha, senior associate at legal firm Cliffe Dekker Hofmeyr. Source: BusinessTech

The government is facing growing legal bills as it grapples with internal issues an increasing number of court challenges from the private sector and citizens, says president Cyril Ramaphosa. Source: BusinessTech

Godongwana said that a petrol price hike to fund e-tolls was a ‘blunt instrument’ that would ultimately be carried by already cash-strapped consumers. Source: BusinessTech

Limpopo premier Stan Mathabatha says construction on a new smart city in the province has begun. Source: BusinessTech

Financial markets have been roiled in recent days by the escalating crisis in Ukraine, pushing up the Brent crude oil price past the $100/barrel mark and weakening emerging currencies such as the rand. Source: BusinessTech

Construction of a new micro-living development on Cape Town’s Atlantic Seaboard called The Ivory is complete. Source: BusinessTech

South Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines.  Source: BusinessTech

Health Minister Dr Joe Phaahla says various departments are ‘working on alternative measures’ to replace regulations related to the National State of Disaster which could be presented to the National Coronavirus Council (NCCC) as early as next week. Source: BusinessTech