Gov't suspends GPOs amidst liquidity crunch
Tuesday, July 15, 2025 | 530 Views |
Kganetsano further stated that whilst MOF has been steadfast in cautioning MDAs on their spending in view of the current financial situation
This was announced by Permanent Secretary in the Finance ministry, Dr Tshokolo Kganetsano, through a savinggram dated July 10, 2025. He explained that the challenges are due to the continued significant decline in revenue inflows, which, to a large extent, are caused by the decreased diamond sales, which have been the main source of revenue for the government.
“Based on the current situation, the government is therefore compelled to take immediate action, which requires concerted effort across all Ministries, Departments, and Agencies (MDAs) to ensure financial stability and sustainability.
While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...