The biggest highlight of the budget was the support to aid individuals and businesses to source alternative energy sources
The mining industry suffers when there are problems with electricity supply, infrastructure and transport
The medium-term budget policy statement has received criticism and praise from civil society
The revenue collector says it is unable to offer its 12 479 staff any salary increase, leading Nehawu and others to announce strike action
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Well before Zimbabwe’s economy took a hit in the late 1990s, spurring world-record inflation, usury was a part of the daily lives of working-class households in South Africa’s northern neighbour
The finance minister’s reduction in corporate income tax and allocations to education, health, social development, justice and police have been welcomed
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
‘The unrest presents an untimely and negative effect on SA’s growth prospects,’ said Godongwana, adding that this could last for the next six quarters
What’s been happening on the continent this week?
Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%
The hopes and dreams of many entrepreneurs have been dashed. We track some of the owners of SMMEs, who talk of losing everything they worked for
Industry experts predict the R10.5-billion from the treasury to rescue the airline may not be enough, but the rescue practitioners say the money is enough to ‘settle the sins of the past’
Read the finance minister’s speech
The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget
The finance minister will cut departments’ allocations according to their cloth as one measure, and savings will have been made from underspend during the lockdown
The use of cheques has fallen about 80% in the past decade as consumer habits shift and digital payments continue to gain traction
Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt