In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s ultra-high unemployment rate and austerity
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Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile
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Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
The government is walking a tightrope as civil servants embark on industrial action over pay
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Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
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Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
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But the department’s already reduced ranks may make it difficult to find someone with the technical know-how and clout to replace Dondo Mogajane
Ramaphosa needs to build broad political consensus if he is to have any chance of pursuing his fiscal and structural reform agenda
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The banking sector will be in a vulnerable position if the national treasury does not stabilise its debt
The levy has generated R5.4-billion in revenue since its inception two years ago, and an increase will help the fight against Covid-19