Mtbps 2024
latest news & developments
Pragmatic, pinched budget statement dampens growth hopes
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
Treasury finds R95 million for SA’s genocide case against Israel
The funds have been allocated to the departments of justice and international relations to cover their costs in bringing the case before the International Court of Justice
Mid-term budget: ‘Tough love’ for Post Office, which faces liquidation
The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency
No lifeline for Transnet or other ailing parastatals in medium term budget
Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships
Mid-term budget: Godongwana introduces early retirement plan
An amount of R11 billion will be set aside to allow people early exit from public service
Mid-term budget: Godongwana maintains line on austerity
Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6%…