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ALCOHOL

Budget: Mboweni pegs recovery hopes on vaccine efficacy, lower public wage increases

The treasury forecasts 3.3% growth, but warns this will fall to 1.6% if the fledgeling vaccination programme fails to stem successive Covid waves

  • Emsie Ferreira
7 min read
Unions have previously called for higher earners’ salaries, such as those of ministers, to be cut. But the assessment has shown that increases in remuneration have been the fastest for employees on the lowest salary levels and slower for top earners.
BUSA

Public wage bill is impeding SA’s growth prospects — Busa

Business Unity South Africa is eager to talk to its social partners at Nedlac about how the spiralling public-sector wage bill can be tamed. And the organisation says these talks…

  • Tshegofatso Mathe
4 min read
Finance Minister Tito Mboweni said the SAA bailout would be financed by reducing the funds allocated to national departments and their entities as well as slashing provincial and local government conditional grants. (David Harrison/M&G)
ACSA

SAA to receive R10.5-billion government bailout after all

Several struggling state-owned entities received extra funds after the medium term budget policy speech

  • Thando Maeko
5 min read
Finance Minister Tito Mboweni will deliver the budget speech. (David Harrison/M&G)
BUDGET 2020
Video

LIVESTREAM: Mboweni delivers budget speech

Watch: The finance minister delivers the budget less than two weeks after the president’s state of the nation address

  • Eyaaz Matwadia
  • Kiri Rupiah
1 min read