Education

Spending on basic education next year will be over R240 billion, or 17.5 per cent of the consolidated budget. Allocations for school building increase at 12.5 per cent a year. Spending on learning and teaching support materials increases by 9.5 per cent over the next three years.


A further R5bn has been added to the R32 billion set aside higher education allocations. Government has provided funds to ensure that no student whose combined family income is below R600 000 per annum will face fee increases at universities and TVET colleges for 2017. All poor students who applied and qualified for NSFAS awards, and who have been accepted by a university or a TVET college, will be supported.


Social assistance


The old age grant will increase by R90 to R1600 for pensioners over the age of 60, and R1620 for those over 75.


The disability and care dependency grants also increase by R90 to R1600 a month.


Foster care grants increase by R30 to R920 a month.


The child support grant increases by R20 to R380 a month.


Public procurement



Public procurement will amount to about R1.5 trillion over the next three years. New preferential procurement regulations include:
Where large firms are awarded tenders of R30 million or more, 30% of the contract value must go to small or black-owned enterprises, where feasible.


Procurement authorities are now empowered to set clear targets to promote black-owned and women-owned businesses, participation of youth and disabled persons and opportunities for rural enterprises and co-operatives.


South African suppliers will enjoy preference in respect of goods with significant local content, thus supporting job creation.


The central supplier database is now fully operational. Large numbers of transactions have been identified for further investigation,
Public service employees who appear to be doing business with the state,
Supply agreements that reflect the identity numbers of deceased persons
Payments to bank accounts other than those of the relevant suppliers.


https://www.biznews.com/budget/budget-2017/2017/02/22/executive-summary-2017-budget/

who cares...to hell with south africa...

South Africa pays it's vulnerable citizens a monthly grant. Social welfare that other African countries can only dream of. South Africa has no mates in SSA. @LeSuidAfricaine, what are ordinary south africans saying about the budget.

MtuMsuper:
South Africa pays it's vulnerable citizens a monthly grant. Social welfare that other African countries can only dream of. South Africa has no mates in SSA. @LeSuidAfricaine, what are ordinary south africans saying about the budget.

we have free meals for school childrens..

soft loans for serious entrepreneurs..

what makes you think you are more social than us..??...

darknetcom:
who cares...to hell with south africa...

obviously you do care every South African thread you are there.......that says something about you Stan the fan, lol