Enoch Godongwana

Treasury offers lifeline to 49 municipalities amid service delivery concerns

Forty-nine embattled municipalities have been handed a financial lifeline after the National Treasury agreed to conditionally release their July 2026 equitable share allocations, easing fears of widespread disruptions to basic service delivery. Finance Ministe, Enoch Godongwana, announced on Tuesday that the decision was taken to protect communities from the immediate impact of municipal financial failures, while putting pressure on municipalities to address ongoing governance and financial challenges. "National Treasury must […]

July 28, 2026 30

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Godongwana confident Joburg can turn finances around

Finance Minister, Enoch Godongwana, says he is optimistic that the City of Johannesburg can reverse its financial decline following high-level talks aimed at stabilising the metro’s finances and restoring public confidence. Godongwana met with Johannesburg Mayor, Dada Morero, National Treasury officials, Deputy Water and Sanitation Minister, David Mahlobo, Gauteng Cooperative Governance MEC, Jacob Mamabolo, and senior city officials on Tuesday to assess the municipality’s financial position and recovery plan. The […]

July 21, 2026 168

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OUTA calls for reforms as Eskom warns of possible Joburg power cuts

The Organisation Undoing Tax Abuse (OUTA) says customers who pay for electricity should not be punished for municipal financial failures, after Eskom warned warned that parts of Johannesburg could face a major power crisis. The power utility has warned that parts of the city could be left in the dark, if the City of Johannesburg and City Power fail to settle a R5.2 billion debt by 8 July. OUTA argues […]

May 20, 2026 152

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Government cuts fuel levy by R3 per litre ahead of fuel hike

Government has cut the fuel levy by R3 per litre as a temporary relief measure ahead of Wednesday's fuel price hike. Finance Minister, Enoch Godongwana, says this will reduce the general fuel levy for petrol from R4.10 per litre to R1.10, and for diesel from R3.93 per litre to R0.93, from tomorrow until 5 May. The ongoing conflict in the Middle East involving the US, Israel and Iran has pushed […]

March 31, 2026 126

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SA braces for tough times as fuel price hikes loom

Some South Africans say they are bracing for tough times as looming fuel price hikes threaten to squeeze already stretched household budgets. This comes as the country faces sharp increases in petrol and diesel prices, with potentially serious implications for the broader economy, including knock-on effect on food prices and transport costs. Data from the Central Energy Fund (CEF) points to petrol price increases of between R5.31 for 93 unleaded […]

March 30, 2026 566

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Budget 2026 | Vaping industry warns tax hike could undermine smoking reduction goals

South Africa’s vaping industry has warned that the 2026 excise tax increase could undermine efforts to reduce smoking, after Finance Minister Enoch Godongwana confirmed inflation-linked duty hikes on vapour products. Godongwana tabled the 2026 Budget on Wednesday and confirmed that excise duties on tobacco, alcohol and related products would rise broadly in line with inflation. The adjustment is expected to result in modest increases in the retail prices of vape […]

February 25, 2026 137