The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook
The government has finally started to recognise the importance of SMMEs in job creation, the business bounce-back scheme being a case in point
The government has finally started to recognise the importance of SMMEs in job creation, the business bounce-back scheme being a case in point
The finance minister’s reduction in corporate income tax and allocations to education, health, social development, justice and police have been welcomed
The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990
Labour group Assembly of Unemployed, supported by the South African Federation of Trade Unions, demands a basic income grant of R1 500.
A portion of the government’s revenue overrun, the result of the commodity boom, will be used to pay provincial employees
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
The finance minister adds R426-million to employ 90 more staff for the Investigating Directorate, but most of it must be found through ‘reprioritisation’
The finance minister says Eskom’s debt problem may require some ‘fiscal intervention’, but only if certain conditions have been met by the parastatal led by André de Ruyter
Enoch Godongwana says he is a far less panicked finance minister on signs the tide is changing for South Africa
Persistently high joblessness, the budget notes, has emerged as a key weakness in economic performance
The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function
The government expects to achieve a primary surplus a year earlier than expected and the economy is expected to reach pre-pandemic levels of GDP this year
The Finance Minister delivers his maiden budget speech.
Finance Minister Enoch Godongwana must lay out tangible, clear and coherent strategies to make good on the president’s State of the Nation promises
Political parties and trade unions are asking the finance minister to address the growing national debt crisis and to extend the R350 grant
This year’s budget will be a balancing act, but the treasury needs to prioritise restoring South Africans economic agency
The private sector, experts say, cannot alone be entrusted with the important task of stopping South Africa’s unemployment tailspin
The request comes as Finance Minister Enoch Godongwana is due to present his budget to parliament.
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
In the meantime, government will mull the best options to replace this grant with another form of income support
The president’s strategy to stop the unemployment crisis from spiralling includes cutting red tape and focusing on infrastructure investment
Economists against basic income support have warned that introducing it could hurt the GDP. Others point out that growth means little to the poor
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.
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
More than 2 400 interns and over 2 200 community service doctors are still awaiting placements, which are necessary to complete the statutory requirements so they can practice
The health department is increasingly playing fiscal catch up each year as the trainee intake continues to swell
There were high expectations that Enoch Godongwana, the Minister of Finance, would signal in the medium term budget policy statement how government planned to mitigate the impact of Covid-19 on the health system
Sasria says it has paid out R12.6-billion in claims. The state-owned insurer said will be profitable by 2022, thanks to treasury’s additional R11-billion allocation
Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances