2022 Budget
latest news & developments
Light at end of tunnel, but wage bill could blow the budget
The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook
Treasury needs to be braver, but Godongwana’s neutral budget is a good start
The government has finally started to recognise the importance of SMMEs in job creation, the business bounce-back scheme being a case in point
Relief as treasury puts brakes on fuel levy hike amid petrol price crunch
The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990
Public sector wage bill still a threat, even as fiscal outlook improves
A portion of the government’s revenue overrun, the result of the commodity boom, will be used to pay provincial employees
Godongwana plumps up NPA amid worries over state capture cases
The finance minister adds R426-million to employ 90 more staff for the Investigating Directorate, but most of it must be found through ‘reprioritisation’
Budget 2022: Finance minister calls on Eskom to sell assets to solve its debt issues
The finance minister says Eskom’s debt problem may require some ‘fiscal intervention’, but only if certain conditions have been met by the parastatal led by André de Ruyter
Budget 2022: ‘There is a real risk that jobs lost to the pandemic may never return’
Persistently high joblessness, the budget notes, has emerged as a key weakness in economic performance
Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel
The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer…
WATCH LIVE: Godongwana delivers the budget speech
The Finance Minister delivers his maiden budget speech.
SAB, alcohol industry ask government for reduced excise taxes
Applying above-inflation increases in excise is beneficial neither to government nor the beer industry, says South African Breweries