South Africa’s economy has stagnated and policymakers ought to be looking for solutions that move us forward
The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994
World leaders are closely associated with the economic policies they espouse, a fact that does not bode well for South Africa’s president
Reporters have an all too familiar relationship with crisis. But our desire to get by must not stop us from seeking out change
The social development department has been allocated R35.7 billion to fund the extended social relief of distress grant
The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
The finance ministry confirmed that it is still mulling whether and how to replace the interim measure with a basic income grant
The government needs to cough up for an effective basic income grant if it wants to achieve a 6% GDP growth rate
The renowned French economist noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income
The country needs a greener economy but energy specialists say policymakers must ensure the creation of a fairer economy in the process
The government’s failed attempts to address unemployment have left many without work, but there are ways to effectively overcome this
Disagreements over a basic income grant, labour law reform and how to save the economy mean consensus is still far off. But trade-offs – and political shifts – will eventually have to be made for there to be any hope of real change
A long-term basic income relief measure will depend on spending cuts and improved revenue performance, the finance minister said in his guarded words on the subject
Political parties and trade unions are asking the finance minister to address the growing national debt crisis and to extend the R350 grant
A basic income grant requires higher taxes. But the government will struggle to convince taxpayers to give it more when they see little in return
Economists against basic income support have warned that introducing it could hurt the GDP. Others point out that growth means little to the poor
The president needs to report back to South Africa on what his government has – and hasn’t – achieved since 2018
A basic income grant could add 0.5% to GDP growth by 2025, according to a report commissioned by the National Economic Development and Labour Council.
Lockdown restrictions will continue to disrupt global value chains and support rising inflation that will require aggressive rate hikes
The panel found that, for the time being, further support should be confined to extending the social distress relief that was rolled out for the Covid-19 pandemic
Join in the second part of our discussion with economist Sifiso Skenjana.
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
Social grants are by far the largest facet of South Africa’s social protection system in terms of the number of people covered, according to the World Bank
A rebuttal to Colin Coleman’s remarks at the National Investment Dialogue suggests South Africa certainly has a debt problem
How many R Kellys are we harbouring? It’s a difficult question for all.
Nearly half of the population in South Africa — one of the most unequal countries in the world — is considered chronically poor.
Viewing black women as strong and resilient does them a disservice
Treasury officials will model the effect of the grant on the fiscus if the need arises
The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending
It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters
The Covid-19 social relief of distress grant was terminated at the end of April, but research shows it aided job recovery