...

Logo Pasino du Havre - Casino-Hôtel - Spa
in partnership with
Logo Nextory

South Africa: national assembly passes last part of annual budget bill

Business • Jul 29, 2025, 9:12 AM
1 min de lecture
1

Relief in South Africa: after months of disagreements, the country's lower house of parliament passed the last piece of legislation for its budget bill on Wednesday afternoon, according to a press release from the South African parliament.

Referred to as the appropriation bill, the legislation had caused political deadlock between the ruling party, the African National Congress, and its biggest coalition partner, the Democratic Alliance.

This had substantially delayed the bill.

The Appropriation Bill is the third major part of the annual budget and determines how much money is allocated to government departments and national programmes.

Parliament said that: "The 2025 budget focuses on reducing government debt, supporting the poor and vulnerable, improving public services such as health and education and stimulating job creation and rebuilding infrastructure."

Total national expenditure for the year will stand at 2.3 trillion rand, according to the government.


Today

African nations hopeful to re-negotiate Trump tariffs, fear economic fallout
Business • 8:00 AM
1 min
New trade tariffs imposed by US president Donald Trump came into effect on Thursday. Countries like South Africa and Lesotho are also hard-hit and are still hoping to re-negotiate the tariffs in the face of potentially dire consequences for their economie
Read the article
US and China extend trade truce for another 90 days
Business • 7:57 AM
2 min
The US president made the announcement on his social media platform Truth Social, just a few hours before the deadline was set to expire.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/12/us-and-china-e
Read the article
Egypt’s inflation eases as food prices drop, but some costs continue to rise
Business • 7:57 AM
3 min
Slight Improvement in Inflation as Annual Rate Declines to 13.9% Egypt’s urban inflation rate fell to 13.9% in July, down from 14.9% in June, signaling a modest improvement in the country’s economic conditions.
Read the article
In Cameroon, sustainable cocoa farming helps protect both livelihoods and wildlife
Business • 7:56 AM
3 min
Through the Congo Basin Landscapes Initiative, local Indigenous farmers in Cameroon receive training and equipment to improve yields while protecting the rainforest.<div class="small-12 column text-center article__button"><a href="https://www.africanews.c
Read the article
Ethiopia: African Development Bank to invest $500 million in new airport
Business • 12:32 AM
2 min
The African Development Bank will be leading efforts to raise as much as $8 billion for the airport's construction.<div class="small-12 column text-center article__button"><a href="https://www.africanews.com/2025/08/11/ethiopia-african-development-bank-to
Read the article