Gauteng Education & Health Department receive more budget

Loading player...
[SOURCE, SOWETAN] Gauteng health and education departments are set to receive the lion's share of the province's R153bn budget for the 2022/2023 financial year.
This was revealed by finance MEC Nomantu Nkomo-Ralehoko as she delivered the budget speech on Wednesday at the Gauteng legislature.

Education is due to receive R59.7bn while the Department of Health will get R59.4bn.
Nkomo-Ralehoko said the 2022 Medium-Term Expenditure Framework (MTEF) budget was the culmination of a protracted planning process, both at national and provincial level.
She added that the budget was tabled under a tight fiscal environment characterised by the economic impact of the pandemic, the negative impact of the July unrest on the economy and resultant negative investor confidence, and the ever-increasing levels of unemployment.
9 Mar 2022 3AM English South Africa Business News · Investing

Other recent episodes

How Universal Vouchers Connect South Africa’s Cash Economy to Digital Services

With over 70% of South African households reporting financial stress and over a third expecting to struggle with monthly bills, financial inclusion must mean more than just access to credit. It requires enabling cash-reliant consumers to participate seamlessly in an increasingly digital economy. On KayaBiz, we sit down with Brett…
3 Nov 12PM 13 min

Why Local Government Failure Costs Ratepayers

As South Africans head to the polls for local government elections, a massive financial time bomb continues to shadow municipalities across the country: overdue municipal debt to Eskom has officially ballooned to R122.5 billion, with over 110 local councils owing more than R1 million each. On KayBiz, energy infrastructure and…
3 Nov 12PM 25 min

Why Dis-Chem Is Investing Through The Downturn

Dis-Chem grew revenue by 8% and continued gaining market share, but earnings came under pressure as the retailer accelerated investment in digital transformation, new stores and its healthcare ecosystem. CEO Rui Morais discusses Better Rewards, expansion plans, changing consumer behaviour and the long-term strategy underpinning the group's investment drive
2 Nov 12PM 11 min