Budget 2024
latest news & developmentsBudget 2025: Jobs for only 800 of 1 800 unemployed doctors
This is despite vacancy rates of 5% to 22% in government clinics and hospitals
Majodina: Don’t panic, NHI bill can be amended after Ramaphosa signs it into law
The ANC chief whip denies the health law is an election ploy as court challenges loom and the DA dismisses it as a ‘populist lever’ This content is restricted to registered users…
Move to tap forex reserve is ‘sensible’
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
Social wage bill consumes R1.2 trillion of government revenue
Additional funds have been allocated to pay teachers, doctors, nurses and police officers but productivity is not always commensurate with salaries
NHI plans to revitalise hospitals
A proposed R6.9 billion is to be allocated over the next three years to prepare for the rollout of the system across the country
Budget 2024: Government proposes electric vehicle tax incentive
The incentive is aimed at encouraging investments in local production
Budget 2024: Tough line on bailouts could see Eskom debt relief cut by R4 billion
The budget points to state-owned entity bailouts as a key driver of South Africa’s increasingly constrained fiscal position
Budget 2024: Treasury responds to Ramaphosa’s promise to ‘extend and improve’ SRD grant
The term’s of its extension beyond 2025 have yet to be agreed on, but the treasury has made provisional allocations for the grant
Budget 2024: State to tap into R500 billion forex reserve
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
SA’s unemployment rate rises to 32.1%
The country’s jobs data comes the day before the tabling of what looks to be another tightly managed budget
A drained state hurts the economy
And there are fewer journalists to hold policymakers accountable for this decline