Enoch Mgijima Local Municipality in South Africa’s Eastern Cape is facing a major financial and operational crisis that has caught the attention of the Portfolio Committee on Cooperative Governance and Traditional Affairs. The municipality is struggling with debt, financial regulation noncompliance, and inaccurate job grading. However, the South African Local Government Association is optimistic about the municipality’s recovery and supports the implementation of a Financial Recovery Plan. Despite the challenges, the potential exists for a stronger financial management system and a positive transformation for this historic municipality.
South Africa’s tourism industry, a major contributor to the country’s economy, has been hit hard by the COVID19 pandemic. However, the government has been making efforts to boost the industry and help it recover. One such measure is the Tourism Sector Recovery Plan, launched in May 2020, which aims to recover the sector and create jobs.
On a sustainable path: stabilizing SOEs in South Africa The presentation given by Minister of Public Enterprises, Mr. Pravin Gordhan and Deputy Minister, Mr. Obed Bapela, on the department’s budget vote for 2023/24 was an important event for numerous reasons. SOEs play a crucial role in the South African economy and their stability is vital for the country’s economic growth and development.