In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March
Budget choices must empower the poor and end socio-economic exclusion
Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
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% in 2024-25. This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]
But jobs are scarce in this small Cederberg mission town
A decade-long battle to stave off eviction has come to an end
As South Africa approaches the 29 May national and provincial elections, the narrative has shifted from load-shedding to a crisis that hits even closer to home: water.
Plus, Mapisa-Nqakula in the dock.
The quality of life of poor South Africans over the past 30 years continues to be ignored
The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
Nearly half of South African women are left out of the country’s labour force — and gender-friendly budgeting could fix that
It could prove difficult for government to loosen its grip on the public purse, but economists say the current extraordinary circumstances require intervention
Experts’ strategies for fixing the unemployment crisis range from devaluing the rand to a universal income grant or accepting debt from loans
The court heard how the state is unable to make travel and accommodation arrangements for its witnesses because it cannot contact them reliably
The finance minister says more grants would mean the money would have to be cut elsewhere as he sticks to fiscal consolidation
Social grants are by far the largest facet of South Africa’s social protection system in terms of the number of people covered, according to the World Bank
The former minister of social development is alleged to have lied under oath
The social security agency has ‘lost’ R2-billion on unnecessary salaries and through wasteful expenditure
A bunch of flowers on Mother’s Day expresses gratitude but mothers need more – recognise all their work, listen to them, include them in decision-making
A sharp increase in the number of social grant recipients after the introduction of the special grant during the pandemic has exacerbated the strained grant payment system
The finance minister has said it’s not an austerity project. But the numbers and economists disagree
Last year, the finance minister noted that increased government spending has failed to promote growth over the past decade
To simplify complex inequality into a single statistic doesn’t address how to accurately assess (or reduce) South Africa’s large wealth divide
The government’s partners at Nedlac have signed a social impact agreement to support the power utility, with a particularly focus on assisting it in accessing new capital to reduce its debt
President announces an ‘extraordinary coronavirus budget’ with R20-billion for healthcare and spending on the pandemic equal to 10% of national GDP
President Cyril Ramaphosa is set to announce the government’s long-awaited economic stimulus plan to deal with the effects of Covid-19. The key will be getting loans for a stimulus without ‘selling’ the country.
What the government seems to have missed is that we are facing not just a medical crisis, but a psychosocial predicament that may have far-reaching consequences
Jakkie Cilliers’s book about igniting a growth revolution in Africa has some timely lessons as we seek ways to mitigate the economic effects of Covid-19
Regulation uncertainty leaves slap-happy police and soldiers to decide when people should or shouldn’t be allowed on the streets
ANCWL president remains defiant and plays the victim to the end as she bows out as an MP
At R375-billion, education is the fastest-growing expense on the government’s bill
Senior prosecutor Chris Macadam detailed, to the Mokgoro inquiry, how he was sidelined from foreign bribery cases
Moneyline claims that the South African Social Security Agency has moved beneficiaries to the South African Post Office against their will