Michael Sachs

/ 23 April 2024

SA needs economic transition 2.0

Thirty years since democracy, the country needs a radical shift to steer it out of stagnation

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By Sarah Smit

Business

/ 18 February 2024

The Fiscal Cliff | Shallow state purse deepens jobs crisis

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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By Sarah Smit

Business

/ 29 September 2023

Austerity, the NDP’s grim reaper

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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By Sarah Smit

Business

/ 27 August 2023

The Fiscal Cliff | Eskom: The fiscal monster the treasury can’t vanquish

Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse

By Sarah Smit

Business

/ 11 March 2023

Public sector crunch inflicts pain

The government is walking a tightrope as civil servants embark on industrial action over pay

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By Sarah Smit

Business

/ 28 October 2022

Controversial government spending cuts ‘paid off’

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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By Sarah Smit

Business

/ 24 October 2022

What analysts will be watching out for at the mini budget

Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement

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By Sarah Smit

Business

/ 15 April 2022

Treasury needs an insider director general

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

By Sarah Smit

Opinion

/ 8 August 2021

Consolidating government finances is a tall order

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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