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• Mon, March 17, 2025

by: Moneyweb

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.

• Sat, March 15, 2025

by: Moneyweb

Three strategies for a 'scare' market

The Finance Ghost is a chartered accountant and ex-investment banker who is deeply passionate about markets and business in general and about helping people understand them. He combines his entrepreneurial and corporate experience by writing extensively for South African publications and producing various podcasts.

• Thu, March 13, 2025

by: Moneyweb

How Eskom and National Treasury saved taxpayers more than R20bn

Considering the pressure on the budget, the need to limit government borrowings, and the fact that Eskom has a big upcoming payment of R39 billion for debt maturing on 2 April 2026 and another of R10 billion in 2027/28, Eskom and National Treasury agreed that government would rather settle these two amounts and finalise the debt relief programme.

• Tue, March 4, 2025

by: Moneyweb

Budget 2025: 'There's no agreement yet' - Steenhuisen

With a week to go before Finance Minister Enoch Godongwana finally tables a reworked 2025 National Budget next Wednesday, Democratic Alliance (DA) leader John Steenhuisen has insisted there is no agreement yet on the budget between the main government of national unity (GNU) partners.

• Mon, March 3, 2025

by: Moneyweb

New vehicle inflation plunges to lowest level in three years

New vehicle inflation is at its lowest level in three years, while used vehicle price inflation is now in negative territory after a year-long slide.

• Mon, February 3, 2025

by: Moneyweb

More pain for ArcelorMittal as headline losses expected to widen

A trading update says the headline loss per share is expected to decline by between 165% and 174% for the year to December 2024. The loss per share will likely range between R4.50 and R4.66, compared with a loss per share of R1.70 for the previous financial year.

• Tue, January 21, 2025

by: Moneyweb

Reasons SMEs remain small - and how one company is solving this problem

"That suggests to us that SA companies are unable to compete internationally because the margins are too low, or they lack access to the finance or the overseas business networks," says Faadil Moti, CEO and co-founder of 80eight.

by: Moneyweb

Naked's new funding a 'vote of confidence' from investors

Digital-only short-term insurance provider Naked Insurance has secured new funding of R700 million, it announced in a statement on Tuesday.

• Fri, January 17, 2025

by: Moneyweb

South African lawmakers to quiz banks over lending practices

The meeting is to ensure that the banking sector in South Africa is open, transparent and of service to poor people to facilitate inclusion in the productive sectors of the economy,' Mzwandile Masina.

• Sun, January 5, 2025

by: Moneyweb

Magic and Warhammer: The power of wide-moat IP

Tabletop gaming isn't just fun - it's a booming business. The Finance Ghost explores the economics behind the games 'Warhammer' and 'Magic: The Gathering' and what makes this niche industry so investable.

• Tue, December 17, 2024

by: Moneyweb

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one 'club' than the other.

• Fri, December 13, 2024

by: Moneyweb

GCR downgrades Sasfin Bank outlook, highlights regulatory risks

The ratings agency cites concerns over strategic transitions and ongoing legal challenges impacting the bank's stability.

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.

The eThekwini Municipality in South Africa has allocated R10 billion to rebuild and repair municipal infrastructure damaged by the April 2022 floods. This funding will be used to restore essential services like water, sanitation, electricity, and roads, with a significant portion, R1.5 billion, specifically earmarked for water and sanitation repairs. The municipality has already spent R600 million on immediate repairs and is seeking additional funding from the National Treasury. The floods caused extensive damage, leading to the loss of life and displacement of residents, and the recovery efforts are expected to take several years. The city is also focusing on improving disaster management and resilience to prevent future catastrophes.

Read the Full Moneyweb Article at:
https://www.moneyweb.co.za/news/south-africa/ethekwini-allocates-r10bn-to-rebuild-municipal-infrastructure/

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