South Africa's National Treasury has introduced a new budget mechanism that aims to identify and cut under-performing or low-priority government programmes. The new targeted and responsible savings (Tars) mechanism is part of the broader budget reform agenda aimed at ensuring that the national budget reflects the country's most pressing needs and highest-impact interventions. Tars will review spending and use AI to conduct an annual audit of ghost workers and payroll irregularities, among other things. Thabiso Lehoko spoke to Dawie Roodt, founder, Director and Chief Economist of the Efficient Group.

South Africa's National Treasury has introduced a new budget mechanism that aims to identify and cut under-performing or low-priority government programmes. The new targeted and responsible savings (Tars) mechanism is part of the broader budget reform agenda aimed at ensuring that the national budget reflects the country's most pressing needs and highest-impact interventions. Tars will review spending and use AI to conduct an annual audit of ghost workers and payroll irregularities, among other things. Thabiso Lehoko spoke to Dawie Roodt, founder, Director and Chief Economist of the Efficient Group.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

South Africa's National Treasury introduces TARS to identify and cut under-performing or low-priority government programmes

South Africa's President Cyril Ramaphosa, has reaffirmed South Africa's position as a competitive investment destination, as he addressed the Sixth South Africa Investment Conference held at the Sandton Convention Centre in Johannesburg. The conference, which brings together government, investors and strategic partners, is aimed at driving investment-led growth and unlocking new economic opportunities. Our reporter Lebogang Mabange has more...

South Africa's President&nbsp;Cyril Ramaphosa, has reaffirmed South Africa's position as a competitive investment destination,&nbsp;as he addressed the Sixth South Africa Investment Conference held at the Sandton Convention Centre in Johannesburg. The conference, which brings together government, investors and strategic partners, is aimed at driving investment-led growth and unlocking new economic opportunities. Our reporter Lebogang Mabange has more...

Ramaphosa reaffirms South Africa's position as a competitive investment destination  

Standard Bank Business and Commercial Banking's Corporate Finance Advisory team successful completion in  the  1- hundred - and 22 million dollars sale, of the South African non-alcoholic beverages manufacturer, Twizza  to Bevco, a wholly-owned subsidiary of India-based Varun Beverages Limited ("Varun") for an amount of 1 - hundred and - 22 million dollars. Thami Ngubeni spoke to Raven Moodley, Head of Corporate Finance Advisory for Business and Commercial Banking at Standard Bank South Africa... 

Standard Bank Business and Commercial Banking's Corporate Finance Advisory team successful completion in &nbsp;the &nbsp;1- hundred - and 22 million dollars sale, of the South African non-alcoholic beverages manufacturer, Twizza &nbsp;to Bevco, a wholly-owned subsidiary of India-based Varun Beverages Limited ("Varun") for an amount of 1 - hundred and - 22 million dollars. Thami Ngubeni spoke to Raven Moodley, Head of Corporate Finance Advisory for Business and Commercial Banking at Standard Bank South Africa...&nbsp;

Standard Bank concludes the sale of South African non-alcoholic beverages manufacturer, Twizza 

Statistics South Africa has fallen victim to a ransomware attack by the emerging cybercrime group known as XP95. The threat actors claim to have successfully breached the agency responsible for conducting South Africa's census, as well as producing and disseminating other official statistics, like the Consumer Price Index. This cyber attack, it's said to have come at a time when ransomware attacks are escalating globally, reflecting a sharp rise in the frequency and sophistication of cybercrime. Thami Ngubeni spoke to Nemanja Krstic, Head of Operations for Africa and the Middle East (AME), and the European Union (EU) at Galix...

Statistics South Africa has fallen victim to a ransomware attack by the emerging cybercrime group known as XP95. The threat actors claim to have successfully breached the agency responsible for conducting South Africa's census, as well as producing and disseminating other official statistics, like the Consumer Price Index. This cyber attack, it's said to have come at a time when ransomware attacks are escalating globally, reflecting a sharp rise in the frequency and sophistication of cybercrime. Thami Ngubeni spoke to Nemanja Krstic, Head of Operations for Africa and the Middle East (AME), and the European Union (EU) at Galix...

South Africa's National Treasury introduces TARS to identify and cut under-performing or low-priority government programmes

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