The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase
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The Inkatha Freedom Party president said the VAT debate should not be weaponised to derail the coalition government’s primary mandate of ensuring economic stability and service delivery
Budget approval hangs in the balance and resistance to it is set to play out in the legislature’s finance committees
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Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
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Operational inefficiencies and infrastructure neglect have led to logistical challenges costing the economy R1 billion daily in lost economic output
The finance minister now has to choose from several options presented by a task team to draw up a budget
Minister in the Presidency Khumbudzo Ntshavhenini said the postponement was necessary to address funding challenges within a constrained fiscal environment
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 […]
The industry wants excise tax relief amid declining sales and economic strain
Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most
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The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through
The ruling party has repeated its proposal to nationalise the central bank’s ownership and mandate, but says it must be done in a way that is conscious of costs
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Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence
Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence
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Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
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The ratings agency warned that South Africa’s public finances could be affected if the government reacts to the riots by easing fiscal policy