Latest articles on Budget Speech

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

We must stamp out illicit trade to boost the fiscus

The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part

Coronavirus and the economy: We didn’t prepare for tough times

South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19

Ramaphosa says recession announcement is ‘not a surprise’

President warns of tougher economic times ahead as the world’s leaders plan for a global economic slowdown

Graphic: 2020 estimates of national expenditure

See how much each department has been given as their slice of the pie by Finance Minister Tito Mboweni

State can’t yet afford wealth fund

Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt

Budget 2020: Sympathy for Mboweni from opposition as Cosatu rattles sabers

Political parties want more details on SOE bailouts, wage cutbacks

Budget 2020 — Tito squares up to unions with wage cuts

Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget

Ratings agencies might give SA a ‘klap’ — Mboweni

Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk

Visit the Mail & Guardian‘s Coronavirus Hub for the latest data and advice on the disease in South Africa.

Click here for more.

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

Demolition of hope in Hangberg

The City of Cape Town in June twice knocked down structures on land allocated for other purposes. The city says these were not evictions; residents ask why no police are available for rapes and murders

Corruption allegations: It’s a family affair at Dihlabeng municipality

The mayor, her relatives and their friends keep landing lucrative tenders and using state resources. Yet Lindiwe Makhalema has failed to declare the list of her relationships with people and companies benefiting from the municipality

Auditor-general’s report reveals the municipalities where the money goes to waste

Municipalities are in complete disarray, with many of them flagged by the auditor-general for deliberate lack of accountability and tolerance for transgressions by political and administrative leadership while billions are squandered.

Press Releases

Municipal audit outcomes reveal public sector financial management must be professionalised

SAICA calls for a review of the mandatory minimum skills and qualifications required for all key financial management positions within the public sector

Eleven ways to protect yourself against fraud

While financial services firms work continuously to improve security, fraudsters are always devising new plans to circumvent the latest safety measures

Security and Compliance Evolution in the Data Revolution

Organisations must adopt a risk-based approach to compliance and rely on technology to mitigate that risk and on people and process controls as well

Covid-19 vs Child Nutrition

Children are being impacted severely across the world because of things such as reduced immunisation as health services prioritise treating Covid-19 cases

MTN’s network innovation sees 5G launched at 100 sites countrywide

MTN South Africa has launched its widely accessible 5G network – the first of MTN’s 21 operations across Africa and the Middle East

Economic ramifications of Covid-19

There is an opportunity for business and government in collaboration to galvanise and work together, and present ourselves as a viable destination for investment

BCX empowers its finance staff with professional accounting qualifications

'For the finance function to go beyond the numbers we need to be professional and we cannot leave out the financial control experts'

Ensuring no prospective CA(SA) is left behind

Sizwe Nxasana talks about the macro-economic impact our country will suffer if the accountancy profession fails to transform its pipeline in the pandemic

The best local and international journalism

handpicked and in your inbox every weekday