Mtbps
latest news & developments
Godongwana forecasts better revenue, strikes optimist tone in medium term budget
The finance minister announced a lower inflation target of 3%, which the South African Reserve Bank has been pushing for
Equal Education says mid-term budget will entrench inequality
The advocacy group said despite highlighting infrastructure as one of its main pillars, the policy statement offered little in terms of commitments to fixing school…
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
Cut spending or risk a financial crisis – BLSA
CEO Busi Mavuso said it appeared that only the national treasury understood the need to curtail government spending
Budget constraints paint grim outlook for new police recruits
“A drop in the ocean” as only 15 000 new police recruits are expected for the next three years
MTBPS: Government to take a chunk of Eskom’s debt
The treasury warns that helping the ailing power utility clear its staggering debt won’t fix all its problems
Mini-budget: Transnet, Sanral and Denel get lifelines
With a take-over of Eskom’s debt looming, the finance minister found no indulgence for other struggling parastatals
South Africa’s health system is on its knees: the budget offers no relief
There were high expectations that Enoch Godongwana, the Minister of Finance, would signal in the medium term budget policy statement how government planned to mitigate the impact…
Mid-term budget: Nothing for small and medium enterprises but they fight on anyway
SMEs are investing in their growth at a rate we’ve never seen before. That is resilience. It is also a sign of the pent-up growth just waiting to explode into our economy — if…
Godongwana holds off on basic income grant decision, closes taps to state enterprises
Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed
Democratic Alliance welcomes Godongwana’s ‘tough love’ for state-owned enterprises
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
Godongwana tackles debt using tax revenues from commodity surge
The Covid-19 pandemic led to an unprecedented widening of the budget deficit and a spike in debt stock but a commodity price surge gave the treasury room to breathe.
Godongwana says it will be ‘tough love’ for errant SOEs
The new finance minister said there would be no new bailout for Eskom or other parastatals, with the exception of Denel, which was thrown a lifeline after defaulting on debt to…
Treasury terms failing municipalities a fiscal risk
Enoch Godongwana’s first medium-term budget policy statement includes more funding local government, but with more terms and conditions for after service delivery failures cost…
Medium-term budget: Basic income grant decision deferred to next year
The finance minister says more grants would mean the money would have to be cut elsewhere as he sticks to fiscal consolidation