Medium Term Budget Policy Statement

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

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.

Parastatal waste equals tax shortfall

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

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”.

Public service wages on up and up

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

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

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

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.

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.

SA is working hard to create employment opportunities

Pravin Gordhan under pressure to send out the right message.

Teachers win a shot in the arm

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

Disappointing dip in energy

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

Latest

Yeoville can police itself, thank you

In the Johannesburg suburb, neat queues are enforced, physical distances maintained and fights stopped by its community policing forum

Worship during lockdown – in a different way

The bishop uses WhatsApp to share scripture readings, and prayers and comments with all his congregants during the lockdown

Slice of life: ‘People have more compassion’

You know, this coronavirus thing, I just feel, if South Africans can stick together, we’ll get through this

Press Releases

Rahima Moosa Hospital nursing college introduces no-touch facial recognition access system

The new system allows the hospital to enrol people’s faces immediately, using artificial intelligence, and integrates easily with existing access control infrastructure, including card readers and biometrics

Everyone’s talking about it. Even Kentucky

Earlier this year South African fried chicken fast-food chain, Chicken Licken®, launched a campaign for their wallet-friendly EasyBucks® meals, based on the idea of ‘Everyone’s talking about it.’

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world