
<p>May 10 (Reuters)&nbsp;&#8211;&nbsp;South Africa&#8217;s government is still analysing details of a $8.5 billion financing package offered by rich Western nations last year to help the country shift away from coal, environment minister Barbara Creecy said on Tuesday.</p>



<p>The United States, Britain, France, Germany and the European Union pledged the funding during the COP26 climate conference in Glasgow, Scotland, last November. South Africa is the world&#8217;s 12th biggest emitter of climate-warming gases and a major coal producer and user.</p>



<p>Pressed by lawmakers over delays in obtaining the funding during a virtual parliamentary briefing, Creecy said South Africa, which has set up a task team to advise President Cyril Ramaphosa and his cabinet on the offer, was still looking at the terms.</p>



<p>&#8220;I think that the issue of speed is important, but the issue of the nuances and the quality of the decision is also important,&#8221; Creecy said.</p>



<p>&#8220;I am not negative about the opportunities that this money presents, but I am realistic that we have to look at it properly and we shouldn&#8217;t rush when looking at it properly. There is a lot of scepticism out there that it&#8217;s only loan financing, that it&#8217;s going to worsen our sovereign debt situation.&#8221;</p>



<p>South Africa&#8217;s chief negotiator at COP26, Maesela Kekana, told the same briefing that negotiations were still being held with the Western nations.</p>



<p>Creecy said South Africa was also considering the impact of the shift from coal on unemployment and poverty.</p>



<p>About 93,000 people were employed in South Africa&#8217;s coal mines in 2021, according to industry body the Minerals Council.</p>



<p>&#8220;We&#8217;ve got to ensure that by introducing green technology into the economy, we&#8217;re not just changing technology, we&#8217;re also dealing with some of the abiding constraints of inequality, unemployment and poverty that confront our economy,&#8221; Creecy said.</p>



<p>(Reporting by Nelson BanyaEditing by Alexander Winning, William Maclean)</p>


power-station-pollution-energy-electricity

S.Africa says still interrogating $8.5 bln climate deal with rich nations

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<p>The impact of Cyclone Idai, earlier this year ravaged the Southern Africa region and brought home the need for immediate response to climate change. South Africa’s Minister of Environmental Affairs, Barbara Creecy discusses why we need rapid responses and the reinvestment necessary in the green climate fund.</p>


Minister Barbara Creecy on how to mitigate climate change impact on the SA economy

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<p>Premier David Makhura delivered the Gauteng State of the Province Address at the University of Johannesburg, Soweto Campus. CNBC Africa’s Karabo Letlhatlha caught up with Nomantu Nkomo-Ralehoko, MEC for Finance and e-Governance about what best practices she is taking from Barbara Creecy and what she can add to her portfolio.</p>


Gauteng MEC Nkomo-Ralehoko on digitising the province

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<p>CNBC Africa’s Lubabalo Mashiqana spoke to Gauteng Education MEC Panyaza Lesufi about the current administrations past achievements and future prospects.</p>


Panyaza Lesufi speaks on #BarbaraCreecy’s budget, outlook for Gauteng education

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<p>Gauteng Finance MEC Barbara Creecy delivered the provincial budget address. Municipal spending targets are one of the biggest issues this year, with R132 billion set for budget allocation.</p>


#GPBudget2019: Barbara Creecy allocates R62mn for struggling municipalities

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<p>South Africa’s smallest province yet the country&#8217;s economic powerhouse presented its midterm budget, for a breakdown of the budget CNBC Africa&#8217;s Lubabala Mashiqana spoke to Gauteng MEC for Finance Barbara Creecy.</p>


Gauteng MEC Barbara Creecy on how to look at the midterm budget

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<p>At a Post Gauteng Budget breakfast event, CNBC Africa spoke to Cathy Shilubana, Senior Manager, Risk Advisory Public Sector, Deloitte about the risk factors faced by the public sector against the backdrop of the 2018/2019 Gauteng Budget.</p>


Understanding public sector risk management post 2018 budget

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<p>The Gauteng 2018/2019 Budget makes provision for Small and Medium Enterprises, yet some business people have concerns about accountability to ensure that what has been promised is delivered.</p>


Small businesses call for more accountability in 2018 Gauteng budget address

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<p>A post Gauteng Budget breakfast held at GIBS offered the opportunity to stakeholders, whether they be big business or small to medium enterprises to get insights on the Budget, as tabled by Gauteng Finance MEC Barbara Creecy.</p>


Business gives insight to Barbara Creecy’s 2018 Gauteng budget speech

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<p>The budget cuts to provincial and municipal government grants announced by former finance minister Malusi Gigaba became apparent when Gauteng tabled its latest R121.4 billion budget on Tuesday.</p>


Deloitte Africa’s Nazeer Essop reacts to the Gauteng 2018 budget

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<p>Yesterday South Africa&#8217;s economic engine, the Gauteng province delivered its budget address with the largest beneficiaries being Health and education, both allocated above R45 billion.</p>


Gauteng Education MEC Panyaza Lesufi on 2018 budget, language policy in schools

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<p>The budget cuts to provincial and municipal government grants announced by former finance minister Malusi Gigaba became apparent when Gauteng tabled its latest R121.4 billion budget on Tuesday.</p>


Govt, Pvt Sector partnerships imperative to Gauteng’s growth – Barbara Creecy

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<p>South Africa&#8217;s economic engine, the Gauteng province delivered its budget address with the biggest beneficiaries being health and education, both allocated above R45 billion.</p>


Health, education gets the biggest chunk of #Gauteng budget

<p>Gauteng Finance MEC Barbara Creecy on Tuesday revealed how Africa&#8217;s wealthiest province will fund the vision <a href="http://cnbc.africa/news/southern-africa/2018/02/26/africas-richest-province-state-province-address-gauteng-premier/">Premier David Makhura outlined for Gauteng a week ago</a>.</p>
<p>Creecy tabled a R121.2 billion ($10bn) budget for the 2018/19 financial year in the Gauteng Provincial Legislature. The budget is up R9.1 billion, or 8% on the previous year, a significant increase in tough economic times. The province plans to raise R6 billion of its own revenue this year to compensate for cuts to it equitable share and alleviate spending pressures particularly in the social delivery departments” said the MEC</p>
<p><iframe loading="lazy" src="https://www.youtube.com/embed/4PqWwxV_Xow" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>MEC Creecy says the budget sets out how the province will fund its commitment to equity and social justice. She adds: it  outlines how the Gauteng government will use its massive procurement spend to improve public facilities, transform the economy and create work.</p>
<p>The biggest beneficiaries of the budget (see table 1) are:</p>
<ul>
<li>The Departments of Health and Education. Its budget increases by R4.4 billion and Education by R3.4. billion.</li>
<li>The Department of Roads and Transport whose budget increases by R700 million this year. In 2018, this Department will begin planning Gauteng’s first new highway since the 1970s, namely the PWV 15.</li>
</ul>
<p>Overall R31.8 billion has been set aside for infrastructure programmes over the next three years which include building new schools, rehabilitating health facilities, upgrading roads, renovating hostels to become family units and building houses and serviced stands.</p>
<p><strong>TABLE 1: 2018 MTEF BUDGET ALLOCATIONS</strong></p>
<table width="604">
<tbody>
<tr>
<td width="268"></td>
<td colspan="3" width="336"><strong>Medium-term estimates</strong></td>
</tr>
<tr>
<td width="268"><strong>R thousand </strong></td>
<td width="111"><strong>2018/19</strong></td>
<td width="103"><strong>2019/20</strong></td>
<td width="123"><strong>2020/21</strong></td>
</tr>
<tr>
<td width="268">Office of the Premier</td>
<td width="111">  702 694</td>
<td width="103">  695 547</td>
<td width="123">  735 712</td>
</tr>
<tr>
<td width="268">Gauteng Provincial Legislature</td>
<td width="111">  715 824</td>
<td width="103">  761 430</td>
<td width="123">  806 130</td>
</tr>
<tr>
<td width="268">Economic Development</td>
<td width="111"> 1 510 450</td>
<td width="103"> 1 587 355</td>
<td width="123"> 1 676 058</td>
</tr>
<tr>
<td width="268">Health</td>
<td width="111"> 46 429 326</td>
<td width="103"> 49 031 984</td>
<td width="123"> 52 415 712</td>
</tr>
<tr>
<td width="268">Education</td>
<td width="111"> 45 220 540</td>
<td width="103"> 47 780 764</td>
<td width="123"> 50 741 196</td>
</tr>
<tr>
<td width="268">Social Development</td>
<td width="111"> 4 983 495</td>
<td width="103"> 5 293 915</td>
<td width="123"> 5 599 412</td>
</tr>
<tr>
<td width="268">Cooperative Governance and Traditional Affairs</td>
<td width="111">  468 235</td>
<td width="103">  496 588</td>
<td width="123">  527 317</td>
</tr>
<tr>
<td width="268">Human Settlements</td>
<td width="111"> 5 888 425</td>
<td width="103"> 6 117 655</td>
<td width="123"> 6 534 918</td>
</tr>
<tr>
<td width="268">Roads and Transport</td>
<td width="111"> 7 713 818</td>
<td width="103"> 8 269 666</td>
<td width="123"> 7 954 125</td>
</tr>
<tr>
<td width="268">Community Safety</td>
<td width="111">  719 495</td>
<td width="103">  759 694</td>
<td width="123">  805 786</td>
</tr>
<tr>
<td width="268">Agriculture and Rural Development</td>
<td width="111">  957 000</td>
<td width="103"> 1 010 840</td>
<td width="123"> 1 036 994</td>
</tr>
<tr>
<td width="268">Sports, Arts, Culture and Recreation</td>
<td width="111">  942 652</td>
<td width="103">  989 706</td>
<td width="123"> 1 079 675</td>
</tr>
<tr>
<td width="268">e-Government</td>
<td width="111"> 1 273 826</td>
<td width="103"> 1 342 611</td>
<td width="123"> 1 421 333</td>
</tr>
<tr>
<td width="268">Gauteng Provincial Treasury</td>
<td width="111">  796 413</td>
<td width="103">  831 470</td>
<td width="123">  882 786</td>
</tr>
<tr>
<td width="268">Infrastructure Development</td>
<td width="111"> 3 036 964</td>
<td width="103"> 3 122 694</td>
<td width="123"> 3 261 766</td>
</tr>
<tr>
<td width="268"><strong>Total provincial estimates by Vote</strong></td>
<td width="111"><strong> 121 359 156</strong></td>
<td width="103"><strong> 128 091 920</strong></td>
<td width="123"><strong> 135 478 920</strong></td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>“The Gauteng Government’s R42.2 billion infrastructure spend has made a major contribution to stimulating economic activity, creating employment and raising living standards in communities across our province over the last four years” said MEC Creecy</p>
<p>The MEC indicated that the province’s research shows that this spend contributed R26 billion to economic activity in Gauteng, increase household income by R15 billion and created or sustained 95 thousand direct and 194 thousand indirect or induced jobs over the past four years.</p>
<p>The MEC said that the Gauteng Provincial Government is proud of its track record in using government’s massive procurement spend to drive meaningful transformation, empowerment, job creation and economic inclusion in the mainstream economy.</p>
<p>“Over the last four years R57.7 billion has been spent on procuring goods and services from 12 041 firms owned by historically disadvantaged individuals. Included in this overall figure are 7488 companies owned by women, and 5539 companies owned by youth and 2145 companies owned by people living with disabilities,” MEC Creecy said.</p>
<p>The MEC noted that in these times of rising direct and indirect taxes, citizens have a right to know that their taxes are put to the best possible use, and that this government is not squandering them through poor financial management or ill-conceived programmes and projects.</p>
<p>“All Gauteng Departments and Municipalities have worked hard to ensure better financial management and greater public accountability in the use of public funds. All provincial departments and entities and all Municipalities can now boast unqualified audits with two thirds of provincial Departments getting clean audits,” said MEC Creecy.</p>
<p>The MEC said that the Open Tender procurement process remains Gauteng&#8217;s flagship programme to ensure systematic elimination of irregular expenditure. To date 75 projects have now progressed successfully through the system. In the coming year, all new departmental tenders will be publicly adjudicated.</p>


How Africa’s richest province – Gauteng plans to fund its new dawn

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<p>Gauteng Finance MEC Barbara Creecy tabled the Gauteng budget for the current financial year and education and Health have once again claimed the lion’s share of the spending, both getting over R45 billion.</p>


How Gauteng plans to deal with listeria

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<p>Did Premier David Makhura’s 2018 state of the province address respond to the needs and dreams of Gauteng residents? CNBC Africa’s Karabo Letlhatlha caught up with Barbara Creecy, Gauteng Finance MEC for more.</p>


Gauteng’s Barbara Creecy speaks on Life Esidimeni, 2018 budget

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<p>The Gauteng Technology Innovation Conference has brought together ICT experts and decision makers from across the public and private sectors to analyse digital and technological innovation in South Africa.</p>


Barbara Creecy

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Barbara Creecy

S.Africa says still interrogating $8.5 bln climate deal with rich nations

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