RA©jane Woodroffe

Trevor Manuel’s medium-term budget policy statement could have taken a more aggressive approach.

Consumers will be shrinking from the pain of high interest rates for a year or so more.

The distribution of wealth in post-apartheid South Africa has become more unequal, writes Réjane Woodroffe.

This budget was expected to deliver solutions that would put at bay fears of slower GDP growth because of inadequate energy resources. However, the budget proposals fell short of…