According to the treasury, the country’s authorities still need to fulfil 17 tasks in its 22-point plan
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
The 2024 budget is Duncan Pieterse’s first as director general. And he says the fiscal framework does not constitute a negotiating position
The incentive is aimed at encouraging investments in local production
The budget points to state-owned entity bailouts as a key driver of South Africa’s increasingly constrained fiscal position
The term’s of its extension beyond 2025 have yet to be agreed on, but the treasury has made provisional allocations for the grant
The decision follows pressure from civil society and labour — as well as warnings that the treasury risks leaving the Reserve Bank in a precarious position
The country’s jobs data comes the day before the tabling of what looks to be another tightly managed budget
And there are fewer journalists to hold policymakers accountable for this decline
Efforts to reposition the business to mitigate the downturn ‘do not go far enough’, says the company’s chief executive Craig Miller