Merck Foundation Chief Executive Officer (CEO) meets The First Lady of Senegal & 6 African First Ladies of Africa at the 12th Africa Asia Luminary 2025 in The Gambia

Source: APO


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Merck Foundation (www.Merck-Foundation.com/), the philanthropic arm of Merck KGaA Germany, recently conducted the 12th Edition of their annual conference, “Merck Foundation Africa Asia Luminary”, in partnership with the Government of The Gambia. The conference was co-chaired by H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of Gambia & Ambassador of Merck Foundation More Than a Mother and Dr. Rasha Kelej, CEO of Merck Foundation & President of More Than a Mother. The First Lady of Senegal, H.E. Madam MARIE KHONE FAYE, along with The First Ladies of Burundi, Central Africa, Liberia, Nigeria, and São Tomé and Príncipe joined as the Guests of Honor and Keynote Speakers.

Senator, Dr. Rasha Kelej (Ret.) expressed, “I am very happy to meet my dear sister, H.E. Madam MARIE KHONE FAYE, First Lady of the Republic of Senegal, and Ambassador of Merck Foundation “More Than a Mother”. We had a very meaningful discussion about our ongoing joint programs in the country to transform the public healthcare landscape and raise awareness about a wide range of social health issues. I am happy to share that we have so far provided 29 scholarships for Senegalese doctors in many specialties such as Oncology, Diabetes, Fertility, and Embryology. We also discussed scalping up of the programs.”

H.E. Madam MARIE KHONE FAYE, First Lady of the Republic of Senegal, and Ambassador of Merck Foundation “More Than a Mother” shared, “It is a great pleasure to partner and work closely with Merck Foundation. I deeply appreciate their programs, and I am very excited to share that together we have launched the Educating Linda program in my country, through which we are providing annual scholarships to 40 best performing schoolgirls who are underprivileged.

Moreover, Merck Foundation has provided 29 scholarships for our doctors across key specialties such as oncology, fertility, embryology and diabetes. All of these scholarships are of great importance and are helping us transform our patient care landscape.”

Watch the Speech of The First Lady of Senegal & Ambassador of Merck Foundation More Than a Mother during the Merck Foundation Africa Asia Luminary 2025 here: https://apo-opa.co/47Om8W0

Watch the video of Merck Foundation CEO, Senator, Dr. Rasha Kelej receiving H.E. Madam MARIE KHONE FAYE, First Lady of the Republic of Senegal, and Ambassador of Merck Foundation “More Than a Mother”: https://apo-opa.co/3LBq5Gf

On Day 1 of the conference, the Plenary Session of the Merck Foundation Africa Asia Luminary 2025 took place, featuring keynote speeches of First Ladies of Africa. Moreover, a high-level ministerial panel discussion was also held with African Ministers to discuss the Merck Foundation African Research Summit MARS strategy to build scientific research capacity and empower women in STEM with special focus on scientific research. 

On Day 2 of the conference, Merck Foundation First Ladies Initiative- MFFLI committee meeting was conducted between The First Ladies of Africa and Merck Foundation Chairman and CEO, where the African First Ladies shared the impact report of Merck Foundation programs in their respective countries, and future strategy was discussed.

Watch the video of MFFLI committee meeting: https://apo-opa.co/4p5Bbl4

Together with Senegal First Lady, Merck Foundation has provided 29 scholarships for local doctors in Senegal in many critical and underserved specialties. Out of 29 scholarships:

  • 8 Scholarships have been provided in the vital field of oncology, so that the patients can receive quality and equitable cancer care in their home country.  
  • 11 Scholarships have been provided for our doctors for hands-on training in Fertility and Embryology, as well as for One-Year Postgraduate and Two-Year Master’s Degrees in Sexual and Reproductive Care. This will significantly contribute to advancement of women’s health and revolutionize the Reproductive and Fertility care in Senegal.  
  • 10 scholarships have been provided for Diabetes Master Course. Upon completion, these doctors will not only be equipped to effectively treat patients with diabetes but will also play a key role in raising awareness about the condition and promoting the importance of a healthy lifestyle in our communities.

“Merck Foundation has always believed in the importance of building healthcare capacity and has been working for it since 2012. We have so far provided more than 2400 scholarships for healthcare providers from 52 countries in 44 critical and underserved medical specialties. We will continue to provide scholarships of doctors from Senegal and beyond,” added Dr. Kelej.

Merck Foundation in partnership with First Lady of Senegal has launched many community awareness initiatives to address a wide range of social and health issues.

Together with the office of the First Lady of Senegal recently conducted their Online Health Media Training to encourage the journalist to be the voice of the voiceless and create a culture shift around critical social issues like supporting girl education, ending GBV and FGM, women empowerment, and health issues like diabetes and hypertension awareness.

Merck Foundation also announced the 2026 Call for applications for their 8 important awards in partnership with The First Lady of Senegal for Media, Musicians, Fashion Designers, Filmmakers, students, and new potential talents in these fields.

Moreover, in partnership with The First Lady of Senegal, Merck Foundation is launching their children’s storybooks, “More Than a Mother”, “Educating Linda”, “Jackline’s Rescue”, “Not Who You Are”, “Ride into the Future” and “Sugar free Jude”, “Mark’s Pressure”, and “Ray of Hope”. The storybooks address various social and health issues like breaking infertility stigma, supporting girl education, stopping GBV, diabetes and hypertension awareness. The storybooks will be made available in French Language, and thousands of copies will be distributed to school children.

The 12th Edition of Merck Foundation Africa Asia Luminary was streamed live on the social media handles of Merck Foundation and Dr. Rasha Kelej, CEO of Merck Foundation.

@ Merck Foundation: Facebook (https://apo-opa.co/43onuWi), X (https://apo-opa.co/47DQ34w), Instagram (https://apo-opa.co/4paIWqc), YouTube (https://apo-opa.co/48ccnlS).

@ Rasha Kelej: Facebook (https://apo-opa.co/3WSVlmy), X (https://apo-opa.co/49z7lkL), Instagram (https://apo-opa.co/4r1BQWI), YouTube (https://apo-opa.co/3JJRoO2)

Link to the YouTube live stream of Inaugural Session of Merck Foundation First Ladies High Level Panel: https://apo-opa.co/3LH82ye

Summarizing Merck Foundation’s initiatives and impact:

Merck Foundation is transforming the Patient care landscape and making history together with their partners in Africa, Asia, and beyond, through:

• 2400+ Scholarships provided by Merck Foundation for healthcare providers from 52 Countries in 44 critical and underserved medical specialties.  

Merck Foundation is also creating a culture shift and breaking the silence about a wide range of social and health issues in Africa and underserved communities through:

3700+ Media Representatives from more than 35 countries trained by Merck Foundation to raise awareness about different social and health issues

8 Different Awards launched annually for best media coverage, film, song and fashion.

• Around 30 songs to address health and social issues, by local singers across Africa

9 Children’s Storybooks in four languages – English, French, Portuguese, and Swahilli

6 Awareness Animation films in five languages – English, French, Portuguese, Spanish and Swahili to raise awareness about breaking infertility stigma, supporting girl education and prevention and early detection of Diabetes, Hypertension & Cancer.

Pan African TV Program “Our Africa by Merck Foundation” addressing Social and Health Issues in Africa through “Fashion and ART with Purpose” Community

1040+ Scholarships provided annually to high performing but under-privileged African schoolgirls from 18 countries, to empower them to complete their studies

  • 15 Social Media Channels with more than 8.5 Million Followers.

     

Distributed by APO Group on behalf of Merck Foundation.

Contact:
Mehak Handa
Community Awareness Program Manager
Phone: +91 9310087613/ +91 9319606669
Email: mehak.handa@external.merckgroup.com

Join the conversation on our social media platforms below and let your voice be heard! 
Facebook: https://apo-opa.co/43onuWi
X: https://apo-opa.co/47DQ34w
Instagram: https://apo-opa.co/4paIWqc
YouTube: https://apo-opa.co/48ccnlS
Threads: https://apo-opa.co/43onvtk
Flickr: https://apo-opa.co/4r1JsIQ
Website: www.Merck-Foundation.com
Download Merck Foundation App: https://apo-opa.co/3LBq6tN

About Merck Foundation: 
The Merck Foundation, established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to quality & equitable healthcare solutions in underserved communities, building healthcare & scientific research capacity, empowering girls in education and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website.  Please visit www.Merck-Foundation.com to read more. Follow the social media of Merck Foundation: Facebook (https://apo-opa.co/43onuWi), X (https://apo-opa.co/47DQ34w), Instagram (https://apo-opa.co/4paIWqc), YouTube (https://apo-opa.co/48ccnlS), Threads (https://apo-opa.co/43onvtk) and Flickr (https://apo-opa.co/4r1JsIQ). 

The Merck Foundation is dedicated to improving social and health outcomes for communities in need. While it collaborates with various partners, including governments to achieve its humanitarian goals, the foundation remains strictly neutral in political matters. It does not engage in or support any political activities, elections, or regimes, focusing solely on its mission to elevate humanity and enhance well-being while maintaining a strict non-political stance in all of its endeavors.

 

Organization of the Petroleum Exporting Countries (OPEC) Experts to Speak at MSGBC Oil, Gas & Power 2025 in Dakar

Source: APO – Report:

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Two senior officials from the Organization of the Petroleum Exporting Countries (OPEC) – Dr. Ali Dehghan, Senior Supply Analyst, and Eng. Mohammed Attaba, Senior Downstream Oil Industry Analyst – have been confirmed as featured speakers at the MSGBC Oil, Gas & Power 2025 conference and exhibition. Taking place in Dakar from December 9-10, the event will be held under the High Patronage of Senegal’s President Bassirou Diomaye Diakhar Faye. 

Energy supermajor Chevron (https://apo-opa.co/3WSqAhr) officially entered Guinea-Bissau’s offshore sector in November 2025 through a landmark agreement to operate Blocks 5B and 6B. The move marks a significant expansion of Chevron’s West African exploration portfolio, strengthening its presence across one of the continent’s most promising frontier regions. As such, Dr. Dehghan and Eng. Attaba’s participation exemplifies OPEC’s growing engagement with the rapidly developing energy markets of the MSGBC basin, where major oil, gas and hydrogen projects are reshaping the regional energy landscape. 

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.MSGBCOilGasAndPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

This year’s edition marks a moment of historic progress across the region. Senegal has emerged as an oil producing nation, with first oil from the 100,000-barrel-per-day Sangomar field (https://apo-opa.co/4nSepMG) achieving first oil in June 2024. Production forecasts for 2025 have since been revised upward to 34.5 million barrels, up from the previous forecast of 20.53 million barrels. Meanwhile, Mauritania and Senegal recently achieved first gas production from the Greater Tortue Ahmeyim (GTA) LNG project in December 2024 – followed by its first LNG export in April 2025 – strengthening the countries’ integrated gas-to-power strategies and domestic refining capabilities. 

Meanwhile, The Gambia, Guinea-Bissau and Guinea-Conakry are intensifying exploration efforts to attract investment. Chevron’s entry into Guinea-Bissau, ongoing data acquisition campaigns in Mauritania and Guinea-Conakry and new partnerships across the basin mark a rising confidence in the MSGBC region’s frontier potential. 

As such, Dr. Dehghan, who plays a key role in analyzing global oil supply dynamics within OPEC’s Research Division, is well-positioned to offer insights into production forecasts and market trends while contributing to discussions on new production and export milestones across the basin. Furthermore, Eng. Attaba – a leading voice in refining and downstream analysis at OPEC – regularly represents the OPEC Secretariat at international forums, providing expertise on the medium- and long-term outlook for the downstream sector. 

“Having OPEC representatives join the MSGBC Oil, Gas & Power 2025 conference underscores the basin’s growing significance in global energy discussions. Their insights will provide valuable context as the region transitions from exploration to large-scale production and export. This engagement reflects OPEC’s recognition of the MSGBC basin as one of Africa’s most dynamic emerging energy frontiers,” states Sandra Jeque, Events and Project Director, Energy Capital & Power. 

– on behalf of Energy Capital & Power.

The Africa24 Group offers you: UK-Francophone West and Central African Trade and Investment Forum

Source: APO

From 12 to 13 November 2025, the AFRICA24 Group (www.Africa24TV.com) will provide exceptional coverage of the UK-Francophone West and Central African Trade and Investment Forum 2025, a key event that acts as a catalyst for deeply transformative agreements with a concrete and significant impact on the lives of people in Francophone Africa.

The 2025 forum marks an important milestone in the evolution of the WCAF, which will welcome more than 800 delegates to Lomé, Togo, for what will be the most comprehensive and important summit on trade and investment for French-speaking West and Central Africa.

WCAF 2025 :  A major two-day event :

  • 12 November: Opening ceremony and country workshops
  • 13 November: Round tables and Awards of Excellence

About the UK-Francophone West and Central African Trade and Investment Forum :

The UK-Francophone West and Central African Trade and Investment Forum (WCAF IV), being held in Lomé, Togo, is a leading platform that has generated more than US$2 billion in trade and investment since 2022. Following several successful editions in London, WCAF IV brings together more than 800 delegates, with the support of the British and Togolese governments and partners such as Benin, Cameroon and Côte d’Ivoire. For two days, it will be the nerve centre for business leaders and political leaders from West and Central Africa, fostering partnerships, addressing economic challenges and providing actionable insights for sustainable growth.

The Africa24 Group 360° coverage and global broadcasting to 120 million households

Watch ‘UK-Francophone West and Central African Trade and Investment Forum’ live, on replay and on demand on all your screens at :

  • AFRICA24 in French (channel 249) et AFRICA24 English (channel 254) of the Canal+ Africa bundle
  • On myafrica24 Africa’s first HD streaming platform.
  • On www.Africa24TV.com which offers you a full access to all our programmes.

Africa24 Group, Transforming Africa Together.

Distributed by APO Group on behalf of AFRICA24 Group.

Contact:
Communication Department – Africa24 Group

Gaëlle Stella Oyono
Email: onana@africa24tv.com
Tél.: +237 694 90 99 88

Follow us on:
@ africa24tv 
www.Africa24TV.com

ABOUT THE AFRICA24 GROUP:
Launched in 2009, the Africa 24 Group is the continent’s leading TV and digital media publisher, with four full HD channels broadcast in the major cable packages. A leader among decision-makers and senior executives on the continent, Africa24 in French and Africa24 English, the Group is the pioneer and leader in African news channels. Africa24 has strengthened this leadership through sport with Africa24 Sport, Africa’s leading channel dedicated to sports news and competitions, and Africa24 Infinity, the first channel dedicated to creative industries that showcase the creative genius of African youth in art, culture, music, fashion, design and more.…

The leading audiovisual brand on the continent, the AFRICA24 Group has four full HD television channels, each a leader in its segment :

  • AFRICA24 TV : Leading French-language source for African news, published by AMedia
  • AFRICA24 English : Leading African news source exclusively in English.
  • AFRICA24 Infinity : The creative talent channel dedicated to music, art and culture.
  • AFRICA24 Sport : Leading sports and competition news channel.

The AFRICA24 Group publishes myafrica24 (Google store and App Store), the world’s first HD streaming platform in Africa available on all screens (television, tablet, smartphone, computers) … More than 120 million households have access to Africa24 Group channels through major operators such as Canal+, Bouygues, Orange, Bell, etc., and more than 8 million subscribers on various digital platforms and social networks.

Media files

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Society of Petroleum Engineers (SPE) Senegal to Host Exclusive Workshop on Local Content, Gas Sector Development at MSGBC Oil, Gas & Power 2025

Source: APO


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Non-profit organization the Society of Petroleum Engineers (SPE) Senegal will host a dedicated pre-conference workshop as part of this year’s edition of the MSGBC Oil, Gas & Power 2025 conference and exhibition. Taking place on December 8 in Dakar, the session will bring together industry professionals, government representatives and investors to explore local content opportunities, gas field management challenges and strategies for production optimization in Senegal’s rapidly growing energy sector. 

Established in December 2024, SPE Senegal is the local chapter of the global Society of Petroleum Engineers. It supports professionals and students across the energy sector and aims to enhance technical expertise and capacity building in Senegal, a country that has emerged as a new oil and gas producer. 

Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.MSGBCOilGasAndPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Senegal’s oil sector has seen accelerated development following first oil (https://apo-opa.co/3LFaaqg) from the $5 billion Sangomar Phase 1 project, operated by Woodside Energy in partnership with state-owned Petrosen. Since starting operations in June last year, production from the project has ramped to over 94% capacity, delivering early reserves additions of more than 31 million barrels of oil equivalent. Meanwhile, the Greater Tortue Ahmeyim (https://apo-opa.co/3Lz2sOx) gas project achieved first gas in December 2024, with commercial operations commencing in June 2025. The joint venture, led by bp, Kosmos Energy, Petrosen and Mauritania’s SMH, is designed to produce 2.5 million tons of LNG annually in its first phase, consolidating Senegal’s position as a regional energy hub. 

At the MSGBC Oil, Gas & Power 2025 workshop, SPE Senegal will guide participants through three key areas: local content opportunities in gas infrastructure, gas field management challenges and development strategies for production optimization. Local content opportunities will include gas-to-power projects, floating LNG support services, pipeline network development, and logistics and supply chain management. These initiatives align with Senegal’s 2021 Local Content Law, which encourages the use of national goods, services and labor across the energy sector. 

The session will also address technical and commercial challenges, including infrastructure gaps, deepwater field complexity, market volatility and balancing LNG exports with domestic energy needs. SPE Senegal is set to showcase strategies to enhance production efficiency through digitalization, capacity building and governance transparency, while also highlighting environmental, social and governance priorities. 

The workshop offers a unique opportunity for stakeholders to engage with Senegal’s emerging energy sector and gain insights into optimizing local participation and long-term project value. As the country ramps up its oil and gas output, the session underscores the critical role of technical expertise, collaboration and strategic planning in unlocking sustainable growth. 

“SPE Senegal’s workshop at this year’s conference exemplifies the country’s commitment to fostering knowledge-sharing and technical excellence in the MSGBC region. Attendees will undoubtedly gain valuable perspectives on local content opportunities, production optimization and effective strategies for managing Senegal’s emerging gas and oil fields,” states Sandra Jeque, Events and Project Director, Energy Capital & Power. 

Distributed by APO Group on behalf of Energy Capital & Power.

AFRICA NEWS ROOM – Gabon: Trial of Sylvia and Noureddin Bongo

Source: APO

In Gabon, the trial in absentia of former First Lady Sylvia Bongo Ondimba and her son Noureddin Bongo Valentin promises to be a major test for the independence of the judiciary. Accused of embezzlement of public funds and money laundering, they are scheduled to stand trial before the Special Criminal Court on 10 November 2025. 

The Africa24 Group brings you an exclusive debate in the Africa News Room, exploring the issues at stake in this trial of major symbolic significance. It reflects the new authorities’ commitment to breaking with the practices of the former regime, while representing a crucial test for the credibility and independence of the Gabonese justice system on the international stage, as well as a decisive step towards restoring citizens’ confidence in judicial institutions.. 

Tune in to this special programme,  

Africa News Room – Sylvia and Noureddin Bongo’s trial   

  • Broadcast on 15 November 2025 from 17:15 and 23:15 GMT. 
  • Rebroadcast on 16 November 2025 from 17:15 and 23:15 GMT. 

These programmes are exclusively rebroadcast on www.Africa24TV.com, on the myafrica24 app, Africa’s leading HD streaming platform, on Africa24 TV (Canal+ 249) and Africa24 English (Canal+ 254). 

The Africa24 Group 360° coverage and global broadcasting to 120 million households 

Watch ‘Gabon: Trial of Sylvia and Noureddin Bongo’ live, on replay and on demand on all your screens at : 

  • AFRICA24 in French (channel 249) et AFRICA24 English (channel 254) of the Canal+ Africa bundle 
  • On myafrica24 Africa’s first HD streaming platform.  
  • On www.Africa24TV.com which offers you a full access to all our programmes. 

Africa24 Group, Transforming Africa Together. 

Distributed by APO Group on behalf of AFRICA24 Group.

Contact: 
Communication Department – Africa24 Group 
Gaëlle Stella Oyono 
Email : onana@africa24tv.com   
Tél. : +237 694 90 99 88  

Follow us:
@ africa24tv
www.Africa24TV.com  

ABOUT THE AFRICA24 GROUP :  
Launched in 2009, the Africa 24 Group is the continent’s leading TV and digital media publisher, with four full HD channels broadcast in the major cable packages. A leader among decision-makers and senior executives on the continent, Africa24 in French and Africa24 English, the Group is the pioneer and leader in African news channels. Africa24 has strengthened this leadership through sport with Africa24 Sport, Africa’s leading channel dedicated to sports news and competitions, and Africa24 Infinity, the first channel dedicated to creative industries that showcase the creative genius of African youth in art, culture, music, fashion, design and more.… 

The leading audiovisual brand on the continent, the AFRICA24 Group has four full HD television channels, each a leader in its segment :  

  • AFRICA24 TV : Leading French-language source for African news, published by AMedia 
  • AFRICA24 English : Leading African news source exclusively in English. 
  • AFRICA24 Infinity : The creative talent channel dedicated to music, art and culture.  
  • AFRICA24 Sport : Leading sports and competition news channel.  

The AFRICA24 Group publishes myafrica24 (Google store and App Store), the world’s first HD streaming platform on Africa available on all screens (television, tablet, smartphone, computers) … More than 120 million households have access to Africa24 Group channels through major operators such as Canal+, Bouygues, Orange, Bell, etc., and more than 8 million subscribers on various digital platforms and social networks. 

Media files

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Government to save R6.7 billion by reducing wasteful spending

Source: Government of South Africa

Government to save R6.7 billion by reducing wasteful spending

Government’s assessment over the last few months on budgeting effectively and efficiently, shows that the state could save R6.7 billion by removing low-priority or underperforming programmes over the medium term.

This is according to the Targeted and Responsible Savings (TARS) initiative, which systematically identifies duplication, eliminates waste, and reorganises programmes to deliver value for money.

“Honourable Members, eliminating waste and inefficiency in government is non-negotiable if we are to maintain public trust that tax money is spent responsibly. We are implementing medium-term savings of R6.7 billion by closing or scaling down low priority and underperforming programmes immediately,” Minister of Finance Enoch Godongwana said on Wednesday.

Presenting the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, the Minister said more than half of this involves identifying people who are double-dipping and defrauding the social grants system.

“We are also scaling down the public transport network grant. The grant has failed to meet the objective, and some cities have failed entirely to get the projects off the ground,” the Minister said.

The reforms that have been identified, coupled with performance-oriented frameworks and stronger oversight mechanisms, are intended to bolster efficiency, protect frontline services and create space to increase spending on government priorities, including growth-enhancing infrastructure.

A programme assessment matrix has been introduced to enable the systematic review of programmes so that departments can identify low-priority or underperforming programmes to be considered by Cabinet for review and rationalisation.

The matrix uses standardised metrics to measure the degree to which programmes: 

  • Are aligned with legislation and policy, and do not duplicate effort.
  • Perform effectively, delivering the desired outputs and outcomes.
  • Use resources efficiently, with staffing, administrative overheads, institutional capacity and delivery models that deliver value for money.
  • Are financially sustainable, exhibit sound budget discipline and have potential for external funding.

Changes are being implemented in phases in the 2026 Medium-Term Expenditure Framework (MTEF). 

Additional measures undertaken in the budget reform process include the following: 

  • Implementing the recommendations of the Department of Public Service and Administration’s personnel expenditure review.
  • Reviewing the sector education and training authorities.
  • Assessing incentives managed by the Department of Trade, Industry and Competition.
  • Reviewing several local government conditional grants to address inefficiencies in infrastructure service delivery.
  • Reducing administration costs, including through expanding the use of transversal contracts – bulk-buying arrangements negotiated by the National Treasury to reduce costs – in high-value areas. – SAnews.gov.za

nosihle

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Interim measures introduced for municipal Eskom debt

Source: Government of South Africa

Interim measures introduced for municipal Eskom debt

Despite the introduction of the municipal Eskom debt relief programme in 2023, municipalities are still battling to address ballooning debt to the power utility.

According to the department’s Medium Term Budget Policy Statement (MTBPS), the debt has grown to some R94 billion as of the end of March this year – up from some R55 billion.

“While 24 municipalities have qualified for the first one-third write-off after 12 consecutive months of payments and 21 have generally maintained payments, as of 7 May 2025, 47 municipalities remain in default. 

“This is the combined result of weak collections, excessive electricity and water losses due primarily to a lack of maintenance, and inadequate credit control. Measures are being taken to assist municipalities in raising revenue, including expanding smart prepaid metering,” Treasury said.

As an interim measure, struggling municipalities will “transition, where appropriate, to distribution agency agreements (DAAs)”.

“Under these agreements, Eskom will operate municipal electricity services for a defined period, support cost-reflective tariff setting and loss reduction, and assist with collections. 

“During this period, municipalities will be required to select the most appropriate service delivery mechanism, phase in cost-reflective tariffs and limit rebates,” the department said.

Municipalities are urged to direct funding from grants like the Municipal Infrastructure Grant (MIG) to rehabilitating existing water and electricity infrastructure, which are conduits for revenue generation.

“Additional conditions include strict adherence to pro-poor policies to ensure that local governments are providing the required amounts, doing so within national limits and ring-fencing electricity revenues.

“The DAA pathway is intended to stabilise cash flows, improve payment discipline and create a bridge to longer-term structural reforms in the local government fiscal framework.

“The interim measure does not rule out stronger interventions where failures persist,” National Treasury said.

Municipal Infrastructure Grant

At the same time, National Treasury has announced reforms to the Municipal Infrastructure Grant in a bid to cut out underspending, misuse of funds and capacity constraints.

The reforms include a split delivery model aimed at assisting municipalities to accelerate service delivery infrastructure delivery.

“Where municipalities demonstrate proven capacity, funding will continue to be allocated directly. However, in cases of persistent capacity and governance failures, delivery will shift to an indirect model through institutions such as the Municipal Infrastructure Support Agent and the DBSA [Development Bank of South Africa]. 

“This will be accompanied by time-bound capability plans aimed at restoring municipalities to direct funding. The shift to a split-delivery model balances the urgent need to accelerate service delivery with building resilient, capable local government that can sustainably meet the infrastructure needs of their communities,” Treasury noted.

Added to that, a performance-linked incentive is also being introduced to “reward municipalities that deliver fit for purpose infrastructure on time and budget, at reasonable cost, with funded maintenance plans and climate-resilience measures”.

“The reform will be supported by clearer criteria for determining funding modalities, stronger oversight through annual delivery compacts and embedded technical support to build municipal planning, procurement and asset management capability.

“The necessary conditional grant framework amendments will be tabled in the 2026 Division of Revenue Bill, with pilot implementation commencing in 2026/27,” the department added.

Furthermore, a municipal utility reform programme will also be piloted at the Mbombela, Govan Mbeki, Lekwa and eMalahleni municipalities later this year.

“The National Treasury, working with the African Development Bank [AfDB] and donor partners, is implementing a pilot Municipal Utility Reform Programme, under a results-based AfDB concessional loan of up to US$400 million.

“It aims to stabilise and professionalise core municipal utilities [water and electricity] by reducing losses, introducing cost-reflective tariffs with protections for poor households, ringfencing revenues, improving asset care, and enhancing governance and reporting,” Treasury said.

Lessons drawn from the pilot will be used to expand the programme to “municipalities in other provinces facing severe delivery challenges”.

“The scale-up will align with conditional grant reforms and, where appropriate, will disburse grants linked to independently verified milestones to safeguard delivery and fiscal sustainability,” Treasury said. – SAnews.gov.za

NeoB

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Economic growth to slow marginally in 2025

Source: Government of South Africa

Economic growth to slow marginally in 2025

National Treasury expects South Africa’s economy to grow by some 1.2% this year – marginally down from the 1.4% forecasted in the 2025 Budget.

This according to the Medium Term Budget Policy Statement (MTBPS) released by National Treasury on Wednesday.
The department noted that the outlook reflects a moderate improvement with steady progress in structural economic reforms.

“Government is meeting its fiscal targets and continued strengthening of macroeconomic stability will increase confidence and reduce borrowing costs across the economy, helping to revive investment and employment.

“Over the past year, domestic growth has been affected by greater global uncertainty and volatility, logistical constraints and low levels of business and consumer confidence.

“However, inflation has fallen, and together with prudent fiscal policy, this has reduced the risk premium – the additional return that investors demand to hold South African assets. As a result, borrowing costs have declined and growth prospects have improved,” the department noted.

The real Gross Domestic Product (GDP) is expected to reach some 1.2% in the same period – also reduced from the 1.4% in Budget 2025.
“The revision reflects weaker growth outcomes in the first half of the year, a subdued external environment and low levels of consumer and business confidence.

“Household consumption remained resilient, supported by moderating inflation, lower interest rates and improved credit conditions, but weaker investment, state spending and exports tempered overall expenditure growth,” National Treasury noted.

Over the medium term, however, GDP is expected to average some 1.8%.

“Investment is expected to strengthen over the medium term as measures to lift infrastructure spending take effect and reform implementation gains traction.

“Investment will also benefit from the reduced cost of capital, supported by lower interest rates and the country’s improving risk premium,” said Treasury.

Risks to domestic growth are on the downside.

“Further delays in implementing reforms, particularly in energy and logistics, would impede much-needed growth-enabling investment.

“Conversely, lower inflation and interest rates, and improvements in infrastructure spending would support higher growth,” the department said.

Government has focused the economic growth strategy on four elements: maintaining macroeconomic stability, implementing structural reforms, building state capability and supporting public infrastructure investment.

National Treasury emphasised that raising the growth trajectory “depends on continuing to strengthen macroeconomic stability, accelerating structural reforms, building a capable state and improving public-sector infrastructure investment”.

“Progress is evident but delays in key structural reforms have held back investment, limiting potential opportunities offered by resilience in the global economy.

“This underscores the importance of continued efforts to improve policy certainty, deal decisively with economic blockages and bolster capacity in infrastructure and service delivery,” it said.

A look abroad

On the global front, growth is expected to slow to 3.2% in 2025 with the outlook weaker than a year ago due to tariff shocks and geopolitical challenges.

“Tariffs have not risen as sharply as expected when the US administration made its announcements in April of this year. However, the delayed price effects of such measures, growing protectionism and supply chain disruptions may increase costs, reduce productivity growth and weigh on medium-term economic growth.

“The prospect of higher tariffs buoyed trade in the first half of the year as companies brought forward imports and exports, but this is expected to wane over the remainder of 2025 – as is the impact of deficit spending in advanced economies.

“Global inflation is expected to continue easing over the next two years, led by lower energy and food prices. However, renewed trade disruptions, higher energy costs or the delayed effects of tariff measures could increase price pressures,” Treasury noted. – SAnews.gov.za

 

NeoB

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Government revises inflation target to 3%

Source: Government of South Africa

Government revises inflation target to 3%

In a landmark moment for South Africa’s monetary policy agenda, government has decided to reduce South Africa’s inflation target to 3%, with a 1 percentage point tolerance band.

This will reduce the cost of living and borrowing costs for households, businesses and government, supporting higher long-term economic growth and job creation. 

Presenting the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, the Minister said the 1 percentage point band provides flexibility to accommodate any unexpected inflationary shocks

“This decision follows agreement between the Governor of the South African Reserve Bank and my consultations with the President and Cabinet. This new target immediately replaces the previous target range of between 3% and 6% and will be implemented over the next two years,” Minister of Finance Enoch Godongwana said on Wednesday.

This is in line with South Africa’s approach to inflation targeting, which has always been a flexible one, looking beyond short-run deviations in inflation. 

“The Reserve Bank will pursue the target on a continuous basis and clearly communicate any deviations from the target. Over time, the lower target will decrease inflation expectations and inflation, creating room for lower interest rates.

“The short-term fiscal costs of a lower target, which include lower nominal Gross Domestic Product and revenue growth, will make achieving fiscal targets more challenging. 

“Yet the long-term benefits of taking this step far outweigh these costs. We remain committed to ensuring that our macroeconomic policies serve the best interests of all South Africans,” the Minister said.

A lower target aligns the country with international best practice and makes the cost of borrowing cheaper by reducing the inflation risk premium that investors demand to lend to South Africa.

The Minister of Finance and the Governor of the Reserve Bank will closely coordinate policy settings to maximise the economic benefits of the new target and enhance fiscal and monetary policy alignment.-SAnews.gov.za

nosihle

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SARS welcomes MTBPS

Source: Government of South Africa

The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s  Medium-Term Budget Policy Statement (MTBPS), delivered on Wednesday, showing that the revenue service collected over R900 billion in revenue.

“By 30 September 2025, SARS had collected a net revenue of R924.7 billion, drawn from gross collections of R1 157.6 billion and refund payments of R232.9 billion. This marks year-on-year growth of R78.6 billion and an overall surplus of R18 billion against the printed estimates, indicating a promising trajectory for the second half of the financial year. Nearly 50% of the better than estimated performance came from compliance efforts,” the revenue service said on Wednesday.

In its statement, the revenue service welcomed the tabling of the MTBPS and the Minister’s revision of the 2025 Budget net tax-revenue estimate, from R1 985.6 billion to R2 005.3 billion.

Commissioner Edward Kieswetter expressed SARS’s support of the Minister’s statement, which charts a clear and pragmatic roadmap for South Africa’s fiscal sustainability.

“The MTBPS sets out bold measures to strengthen the country’s economic resilience. SARS is committed to supporting these objectives by focusing on robust revenue collection, improved compliance and trade facilitation through consistent effort, operational excellence, and innovation,” said Kieswetter. 

This as SARS’s compliance programme continues to deliver results. In the same period, SARS secured R131.6 billion from compliance activities, up from R122.6 billion in the previous year. 

Debt collections reached R47.1 billion, an increase of R3.3 billion (7.5%), reinforcing SARS’s contribution to the national fiscus.

The revenue service credited the SARS’s achievement to the effort of its employees and compliant taxpayers. 

“Behind these numbers are the dedicated SARS employees who perform millions of little things daily, and many compliant taxpayers whose contribution make this success possible. Their commitment is to help to strengthen South Africa’s fiscal outlook and build momentum for the future. These results underscore SARS’ effectiveness in revenue collection and is positive for the country’s fiscal outlook,” said the Commissioner.

Building on this momentum, revenue collection has demonstrated resilience across major tax categories. 

Collections from Corporate Income Tax (CIT), PAYE, Dividends Tax, Domestic VAT, General Fuel Levy (Imported), as well as lower-than-estimated VAT-refund payments, consistently outperformed expectations, reinforcing SARS’s role in sustaining fiscal stability.

On Corporate Income Tax (CIT): Year-to-date CIT Provisional Tax payments amounted to R164.5 billion, growing by R14.2 billion (9.5%) and exceeding the printed estimates by R4.7 billion (3.0%).

Collections were boosted by SARS invoking Paragraph 19(3) that yielded an additional R10.0 billion with the main contributors being companies in the Mining and Finance sectors. 

The mining sector continues to encounter significant challenges because of softening commodity prices for palladium, iron ore, and coal. These price fluctuations affect the profitability of companies, resulting in downward pressure on CIT provisional payments. 

On Pay As You Earn (PAYE), collections of R371.0 billion recorded growth of R30.9 billion (9.1%) against the prior year and exceeded the printed estimate by R3.2 billion (0.9%). 

The year-on-year growth was driven mainly by payments from employers in the finance and community sectors. 

Tax proposals announced at Budget 2025 included no inflationary adjustments to  Personal Income Tax (PIT) tax brackets and rebates; measures expected to yield R16.7 billion for the full year.

 “In the first half of the year, PAYE collections from Two-Pot withdrawals were based on a total gross withdrawal of R18.2 billion and taxable amounts valued at R5.2 billion.”

Meanwhile, dividend tax collections amounted to R22.3 billion, growing by R5.3 billion (31.0%) against the prior year and recording a surplus of R4.6 billion (25.7%) against the printed estimates. 

This included a significant once-off payment of R1.4 billion, whilst the main drivers of this growth were the finance, manufacturing, and wholesale and retail sectors.

Domestic VAT collections totaled R292.7 billion, representing a year-on-year increase of R21.1 billion (7.8%). This was driven mainly by growth in the finance, wholesale and retail, and manufacturing sectors, and partially offset by the transport sector.

Year-to-date Domestic VAT collections exceeded the printed estimates by R5.2 billion (1.8%).

In addition:
•    Import VAT significantly underperformed by R3.7 billion due to a lower growth in the value of imports 1.2%, which were expected to grow by 5.4% over the full year.
•    Lower than expected VAT refund payments, totaled R183.9 billion, or a marginal increase of R0.2 billion (0.1%) from the prior year. This positive outcome is the result of the continued focus on SARS efforts to curb impermissible and fraudulent refund claims. Refund risk management contributed most significantly to the solid improvement in overall Net VAT revenue.
•    General Fuel Levy collections of R44.7 billion were R2.1 billion (5.0%) higher than in the prior year and exceeded the printed estimates by R2.3 billion (5.3%). Fuel declarations for April to September 2025 recorded a total year-on-year net growth of 2.1% (241.9 million litres) in volume. Declarations from importers increased by 133.1% (3 605.3 million litres) and were partially offset by declarations from local manufacturers, which contracted year-on-year by 39.0% (3 363.4 million litres). 

SARS said these surpluses were partially offset by lower-than-expected collections from PIT Provisional taxes, PIT Assessments, and Customs taxes; as well as higher-than-estimated PIT refund payments.

This as PIT Refunds of R32.2 billion recorded growth of R4.5 billion (16.2%) against the prior year and exceeded the printed estimates by R1.4 billion (4.4%). In addition, 7.3 million PIT returns were received (compared to 6.6 million at the same time in the prior year). Of these, 5.7 million returns were auto-assessed compared to 4.8 million for the previous year. 

Integrity and trust 

Commissioner Kieswetter reaffirmed SARS’s commitment to building a smart, modern institution anchored in integrity and trust. 

“Our role extends beyond revenue collection; we advance national fiscal goals in the face of persistent challenges such as debt, unemployment, and inequality. With government depending on tax revenues for around 90% of expenditures, strong domestic resource mobilisation is essential to safeguard fiscal integrity and reduce reliance on external funding”.

To accelerate these gains at Budget 2025, Minister Godongwana allocated an additional R7.5 billion to SARS over the Medium-Term Expenditure Framework (2025/2026; 2026/2027; 2027/2028). –SAnews.gov.za