The Co-operative Banks Development Agency

What this body does

• STATES20 documentsasserted in claims
• A speech by South Africa’s Minister of Finance at the Nedbank Top Empowerment Co1 documentdescribed in documents
• Annexure media statement summarising South Africa’s national quarterly budget/fi1 documentdescribed in documents
• National Treasury media statement summarising the Third Quarter Section 71 local1 documentdescribed in documents
• OFFERS1 documentasserted in claims
• OFFERS1 documentlinked in the graph

Recent activity

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  National Quarterly Budget Summary as at 3rd Quarter Ended 31 March 2026

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  municipalities recorded an underperformance of R31 billion or 0.01 per cent on billed revenue, an underperformance of R40.8 billion or 8.9 per cent on operational expenditure and an an underperformance of R18.2 billion or 30.7 per cent on capital expenditure.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  First, we commemorate the 70th anniversary of the Women's March to the Union Buildings in 1956. Implicit in the demands was the struggle for gender equality.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  In the second quarter of 2025, the unemployment rate stood at 33.2%, but the figures show that women continue to carry a heavier share of this burden. The unemployment rate for women was 35.9%, compared with 31% for men — a gap of 4.9 percentage points.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  Second, we commemorate the 50th anniversary of the 1976 students' uprising. Again, using the labour market lens, while the unemployment rate stood at 32.9% in the second quarter of 2024, youth unemployment was at 45.5%.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  Third, we celebrate 30 years of democracy in our country, with a Constitution anchored in human rights. It is one of the few constitutions that entrench the progressive realisation of socio-economic rights.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  On the domestic front, in the Budget Speech, we projected 1.6% growth in 2026 and 1.8% over the medium term, reaching 2% by 2028.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  We are in the process of assessing our baseline numbers for the Medium-Term Budget Policy Statement on 21 October 2026.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  Our four pillars — macroeconomic stability, structural reforms, infrastructure investment, and building state capacity — are beginning to bear fruit. The change in outlook from stable to positive by both S&P and Moody's, and the upgrade by Fitch, are a recognition of the effectiveness of these pillars.

• 26 Jul 2026The Co-operative Banks Development Agency - STATES

  Accordingly, in the Budget we proposed R1 trillion in infrastructure spending over the medium term, with R249 billion allocated for the current financial year. The distribution is as follows: SOEs, R445.5 billion; provinces, R217.8 billion; and municipalities, R205.7 billion.

Opportunity signal

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