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Latest News

MEC Rosho to table Provincial Mid Term Adjustments Budget

[12 November 2019]

In compliance with Section 31 (1) of the Public Finance Management Act (PFMA), Act no 1 of 1999 as amended, the MEC for Finance, Ms. Motlalepula Rosho, will table the 2019/20 Provincial Adjustment Budget. This is subsequent to the tabling of the Mid Term Budget Policy Statement by the Minister for Finance, Mr. Tito Mboweni on the 30th October 2019......Read more

Government’s response to the rating action of Moody’s Investors Service (Moody’s)

[06 November 2019]

Government notes the decision by Moody’s to affirm South Africa’s long term foreign and local currency debt ratings at ‘Baa3’ and also revise the outlook to negative from stable. South Africa’s credit ratings by Moody’s remain investment grade (one notch above non-investment grade).......Read more

Provisional figures on loan issues, national revenue fund receipts/payments and cash balances

[06 November 2019]

During the month of October 2019, net domestic short-term loans increased by R7 778 million. Net domestic long-term loans inclusive of redemptions increased by R30 788 million.......Read more

Deliver services within allocated budget

[04 November 2019]

In her Provincial Medium-Term Expenditure Committee (PMTEC) engagement with provincial departments and public entities, the MEC for Finance, Mme Motlalepula Rosho indicated the imminent budget reduction of their baseline budget should not in any way compromise the quality of service delivery to communities or lead to job losses. She said with the envisaged budget cuts, departments and entities should learn to deliver services within projected reduced baseline......Read more

Member of Executive Council
MEC Motlalepula Rosho



Head of the Department
HOD Mr Ndlela Kunene

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