Tag: PublicSector
Public trust reset – procurement needs behavioural reform
Weak accountability, limited skills, and slow consequence management continue to undermine procurement reform. Despite years of regulatory efforts, irregular expenditure and procurement failures persist. These issues have eroded governance and public trust in South Africa.
The real risk for municipalities is weaker growth, not lower prices
South Africa has entered a new phase of monetary policy. The repo rate has been cut to 6.75%. Year-on-year inflation sits at 3.6%, and the inflation target has been revised down to 3%, with a one percentage point tolerance band. The downward revision of the inflation target was implemented to align the country with other emerging economies.
