A disregard for the rule of law also saw the country lose R14 billion through payment of goods not received
The grant budget is to be cut by R20 billion but it is unclear how the numbers will add up
Instead of scrapping ANC economic policy, DA ministers are now implementing it
The deputy president says decaying water systems and financial strain at municipalities are driving SA’s water shortage
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
The funds have been allocated to the departments of justice and international relations to cover their costs in bringing the case before the International Court of Justice
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships
An amount of R11 billion will be set aside to allow people early exit from public service
Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6% in 2024-25. This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]
Africa Health Exhibition & Congress is a platform for professional networking, learning from thought leaders, and engaging with healthcare innovation
Economists say the government can expect to incur inflationary and exchange rate costs from the move
Godongwana has pursued the austerity measures implemented by his predecessors to reduce debt and Ramokgopa is partly credited with the current relief from load-shedding
Key security cluster ministries are dominated by the president’s allies in the ANC
It faced budget cuts, the burden of an amended electoral system and a legal challenge from Jacob Zuma
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’
Some consider the decision to tap the forex reserve as a sign that the state can be swayed by the left. But the ANC-led government knows exactly how to neutralise progressive forces
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
Taxpayers’ pain has its roots set in a history that the finance minister could not overcome
The 2024 budget is Duncan Pieterse’s first as director general. And he says the fiscal framework does not constitute a negotiating position
Additional funds have been allocated to pay teachers, doctors, nurses and police officers but productivity is not always commensurate with salaries
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
The incentive is aimed at encouraging investments in local production
The budget points to state-owned entity bailouts as a key driver of South Africa’s increasingly constrained fiscal position
The term’s of its extension beyond 2025 have yet to be agreed on, but the treasury has made provisional allocations for the grant
The South African Revenue Service has turned to salaried workers and professionals to buoy revenue collection but is also targeting multinationals posting profits abroad
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
Minister of Finance, Enoch Godongwana, will present the 2024 Budget Speech at the Cape Town City Hall
The country’s jobs data comes the day before the tabling of what looks to be another tightly managed budget
The budget is expected to lay out plans to raise R15bn in revenue, amid a commodity-induced slump
In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s ultra-high unemployment rate and austerity
Presidency spokesperson Vincent Magwenya said it would be unfortunate for SA/US relations if the bill comes to pass