Budget 2
latest news & developments
Godongwana says risk of grey-listing is real
The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe
Energy crisis triggers R13 billion tax relief
The majority of the relief comes in the form of incentives given to businesses and households investing in alternative energy
Eskom bailout delays government’s efforts to stabilise debt
However, the treasury still expects the country to achieve a main budget surplus from this year onwards
Enoch Godongwana and the finance ministry’s problematic relationship with Eskom needs to change if we are to get any relief
M&G Editor-in-Chief Ron Derby expects Godongwana to follow a rather similar course that his predecessors have set, by kicking the can down the road, yet again at his budget speech