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Medium Term Budget Policy Statement

Mboweni targets water crisis
Article
/ 26 October 2018

Mboweni targets water crisis

The finance minister has vowed to tackle rampant corruption and municipal dysfunction

By Thalia Holmes
The showman must now deliver
Article
/ 26 October 2018

The showman must now deliver

Mboweni has been applauded for his opening performance. But can he steal the show?

By Lynley Donnelly
Public sector squeeze has begun
Article
/ 25 October 2018

Public sector squeeze has begun

Officials say vacancies for senior officials, including directors general, won’t be filled

By Matuma Letsoalo Author
Mboweni’s medium-term budget a bitter pill
Article
/ 24 October 2018

Mboweni’s medium-term budget a bitter pill

This policy statement highlights the difficult economic and fiscal choices confronting us over the medium term, the finance minister said

By Lynley Donnelly
Mboweni at budget crossroads
Article
/ 24 October 2018

Mboweni at budget crossroads

President Cyril Ramaphosa will be hoping that Mboweni’s stewardship of the listless economy will help the ANC rally support ahead of the 2019 polls

By Michelle Gumede
Despite Twitter appeal, Mboweni has little wiggle room in medium term budget
Article
/ 23 October 2018

Despite Twitter appeal, Mboweni has little wiggle room in medium term budget

Much of the MTBPS was finalised before Mboweni’s appointment was announced following the resignation of his predecessor Nhlanhla Nene

By Lynley Donnelly
VBS: How far will state’s bill stretch?
Article
/ 19 October 2018

VBS: How far will state’s bill stretch?

The total amount is yet to tallied but could reach billions and could hit taxpayers in the pocket

By Lynley Donnelly
Tito’s back in town
Article
/ 9 October 2018

Tito’s back in town

Mboweni, a former reserve bank governor and labour minister, was sworn in as finance minister on Tuesday

By Lynley Donnelly
Nene promises financial prudence as all eyes turn to the MTBPS
Article
/ 14 September 2018

Nene promises financial prudence as all eyes turn to the MTBPS

The finance minister says ‘We need to change the conversation around spending’

By Lynley Donnelly
Dodging the credit ratings wrecking ball
Article
/ 23 February 2018

Dodging the credit ratings wrecking ball

The budget should placate ratings agencies, but analysts say we need solid political leadership and policy reforms to evade full-blown junk status

By Lynley Donnelly
Budget 2018: First steps towards a recovery, but at what cost?
Article
/ 22 February 2018

Budget 2018: First steps towards a recovery, but at what cost?

Whether measures announced by Gigaba will stave off a downgrade by the remaining credit rating agency remains to be seen.

By Seán Mfundza Muller
Parastatal waste equals tax shortfall
Article
/ 3 November 2017

Parastatal waste equals tax shortfall

The amount misspent by state-owned enterprises may almost match the R50-billion budget gap

By Staff Reporter
Economic growth is undermined by a lack of fiscal prudence
Article
/ 30 October 2017

Economic growth is undermined by a lack of fiscal prudence

In a research report responding to the medium term budget policy statement, the absence of fiscal consolidation was “credit negative”.

By Lynley Donnelly
Gigaba gives markets the jitters
Article
/ 27 October 2017

Gigaba gives markets the jitters

His mini-budget speech promised a lush harvest, but analysts say a famine of ideas and a drought of solid assurances failed to convince investors

By Staff Reporter
Silence in telling places speaks volumes
Article
/ 27 October 2017

Silence in telling places speaks volumes

Finance Minister Malusi Gigaba’s budget speech had some unsettling moments that had nothing to do with the financial realities facing the country

By Lynley Donnelly
Public service wages on up and up
Article
/ 27 October 2017

Public service wages on up and up

State employees are still sitting pretty while the country reins in its spending on essential services

By Lynley Donnelly
Read in full: Pravin Gordhan’s medium-term budget policy statement
Article
/ 26 October 2016

Read in full: Pravin Gordhan’s medium-term budget policy statement

The mini-budget comes ahead of Standard and Poor’s credit rating review in December.

By Staff Reporter
Wage pact weighs on Nene’s budget
Article
/ 22 October 2015

Wage pact weighs on Nene’s budget

Public sector employees may be happy, but the wage hike won in June comes at a rotten time for the treasury.

By Lynley Donnelly
SA is working hard to create employment opportunities
Article
/ 25 October 2013

SA is working hard to create employment opportunities

Pravin Gordhan under pressure to send out the right message.

By Staff Reporter
Teachers win a shot in the arm
Article
/ 25 October 2013

Teachers win a shot in the arm

Health and social services got large allowances, but Gordhan also forked out for teaching wages.

By Sarah Evans
Disappointing dip in energy
Article
/ 25 October 2013

Disappointing dip in energy

Despite reassurances by the government, several important targets are unlikely to be met.

By Staff Reporter
Will fiscal balancing act pay off?
Article
/ 25 October 2013

Will fiscal balancing act pay off?

Gordhan straddles a tightrope of reducing the budget deficit while needing to spend on growth.

By Lynley Donnelly
Gordhan’s magnifying glass hovers over infrastructure
Article
/ 25 October 2013

Gordhan’s magnifying glass hovers over infrastructure

Finance Minister says the government policy is focused on increasing South-Africa’s long-term economic growth and reducing inequality.

By Staff Reporter
Civil service gets a kick in the cupboard
Article
/ 25 October 2013

Civil service gets a kick in the cupboard

The treasury has a hungry, and growing, army of public servants to feed.

By Thalia Holmes
M&G Hangout: What the mid-term budget policy statement tells us
Article
/ 24 October 2013

M&G Hangout: What the mid-term budget policy statement tells us

Finance Minister Pravin Gordhan released his mid-term budget to great fanfare. But what does the fine print tell us?

By Staff Reporter
SA debt climbs as Gordhan pledges spending curbs
Article
/ 23 October 2013

SA debt climbs as Gordhan pledges spending curbs

South Africa’s debt will make up 48% of the gross domestic product in the medium term, a pace which one economist describes as "frightening".

By Rene Vollgraaff
Gordhan’s mid-term budget speech fulfils prophecies
Article
/ 23 October 2013

Gordhan’s mid-term budget speech fulfils prophecies

During his medium-term budget policy speech Finance Minister Pravin Gordhan kept the rhetoric upbeat and SA’s purse strings tight, as expected.

By Thalia Holmes
Don’t expect any budget fireworks from Gordhan
Article
/ 18 October 2013

Don’t expect any budget fireworks from Gordhan

Finance minister delivers medium-term budget policy statement.

By Lynley Donnelly
Midterm budget: Fighting talk from Pravin Gordhan
Article
/ 25 October 2012

Midterm budget: Fighting talk from Pravin Gordhan

Finance Minister Pravin Gordhan tightened his belt, chided the country’s critics and delivered a no-nonsense medium-term budget policy statement.

By Lynley Donnelly
Development cash linked to delivery
Article
/ 25 October 2012

Development cash linked to delivery

The government wants more bang for its buck when it comes to provincial and local government infrastructure roll-out.

By Lloyd Gedye
Midterm budget: Money put aside to revamp mining sector
Article
/ 25 October 2012

Midterm budget: Money put aside to revamp mining sector

In response to developments in mining, the medium-term budget policy sets out imperatives to modernise the industry and amend labour relations.

By Staff Reporter
Pravin Gordhan mum on Zuma’s Nkandla upgrades
Article
/ 25 October 2012

Pravin Gordhan mum on Zuma’s Nkandla upgrades

Finance Minister Pravin Gordhan remains guarded about public works’s decision to use state funds for upgrades to President Zuma’s Nkandla homestead.

By Nickolaus Bauer
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