Economy
Status:
inprogress
Promise
Manage public finances with a view to stabilising debt
Promise History
City of Johannesburg settles R5.25 billion Eskom electricity debt
The City of Johannesburg and City Power settled R5.25 billion in outstanding electricity debt owed to Eskom following an intervention and mediation process established by the Minister of Electricity and Energy. The settlement resolved long-running billing disputes and was accompanied by commitments from Eskom and City Power to cooperate on infrastructure maintenance, reducing electricity losses and data-sharing to support the long-term security of electricity supply.
South African GovernmentPublished: August 23, 2026
Adoption of the KwaZulu-Natal 2026/27 Provincial Budget
The KwaZulu-Natal Provincial Treasury adopted a R168.2 billion budget for the 2026/27 financial year, aimed at supporting economic growth, strengthening service delivery, and improving fiscal sustainability. The budget aligns with the Provincial Financial Recovery Plan and prioritises spending on education, health, and social development, which together account for more than 80% of provincial expenditure.
The budget also allocates funding for infrastructure development, road maintenance, the rehabilitation of infrastructure damaged by natural disasters, and investments in early childhood development, agriculture, tourism, and public infrastructure to stimulate economic growth and create employment opportunities across the province.
South African GovernmentPublished: July 22, 2026
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