Finance Minister Enoch Godongwana said he would resist the temptation to respond to the entity’s call for a cash injection through the media

A report by treasury and the World Bank estimated the average funding gap for financing disaster response in South Africa at R2.3 billion

The aim is to get better value for money spent, and to close or merge entities, Finance Minister Enoch Godongwana said

The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook

The minister underlined that in the wake of efforts to grow the economy, the government must respect budget constraint

Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal position has deteriorated markedly during the course of this year, a dilemma that could see the treasury inflicting another round of spending cuts.