Mini Budget

Instead of scrapping ANC economic policy, DA ministers are now implementing it

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

The government has allocated an additional R170-billion to spending over the next three years, and next year state spending will jump to 29% of GDP.

But the fund needs to be restructured in the long term. Lloyd Gedye reports.

The South African economy was back on the policy frontburner this week with two major documents emerging from the ANC.

Trevor Manuel’s medium-term budget policy statement could have taken a more aggressive approach.