The Fiscal Cliff | Shallow state purse deepens jobs crisis
/ 18 February 2024

The Fiscal Cliff | Shallow state purse deepens jobs crisis

In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s ultra-high unemployment rate and austerity

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The Fiscal Cliff | Will austerity push South Africa to the brink?
/ 29 October 2023

The Fiscal Cliff | Will austerity push South Africa to the brink?

Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal position has deteriorated markedly during the course of this year, a dilemma that could see the treasury inflicting another round of spending cuts.

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Public purse sees tail end of mining tailwind
/ 21 August 2023

Public purse sees tail end of mining tailwind

Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation

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What’s in it for the ‘friends of Brics’?
/ 8 June 2023

What’s in it for the ‘friends of Brics’?

A bigger alliance will give the group extra economic heft, but it remains to be seen whether its members can speak in one voice

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Reserve Bank left toothless amid Eskom-induced stagflation
/ 23 May 2023

Reserve Bank left toothless amid Eskom-induced stagflation

The recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation

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Treasury mulls lower inflation target
/ 1 July 2021

Treasury mulls lower inflation target

Reserve Bank governor Lesetja Kganyago makes a case for a lower target, though the trade union federation prefers job creation

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Reserve bank unanimously decides to cut the repo rate
/ 16 January 2020

Reserve bank unanimously decides to cut the repo rate

The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]