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Stimulus Package

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Finance Minister Enoch Godongwana. (File photo by Madelene Cronje)
ENOCH GODONGWANA

Godongwana must deliver a stimulus-led mid-term budget

A growth-oriented bid-term budget statement would go a long way towards creating a fertile environment for new investments

  • Miguel da Silva
4 min read
The rebuild begins: Experts estimate that repairing or rebuilding looted stores will take between a few months and two years, depending on the severity of the damage. (Delwyn Verasamy/M&G)
ZUMAUNREST

Employment bloodbath on the cards

The unrest in Gauteng and KwaZulu-Natal has deepened the country’s unemployment crisis as the government mulls additional relief funding

  • Tunicia Phillips
8 min read
Finance Minister Tito Mboweni. (Waldo Swiegers/Bloomberg via Getty Images)
A HISTORY OF INEQUALITY IN SOUTH AFRICA 1652 2002

Dance with the ‘devil’: Why SA has fought off the IMF for so long

The ANC has, until now, always rejected going to the International Monetary Fund, which underscores how bad our economic situation is

  • Luke Feltham
9 min read
(Delwyn Verasamy/M&G)
BONANG MOHALE

South Africa’s Covid-19 economic stimulus plan — opportunity out of crisis

The president’s R500-billion economic package offers a new deal for desperate South Africans across the class divide

  • M&G Reporters
6 min read
Finance Minister Tito Mboweni committed to pinning growth reforms on fiscal and monetary stability.
CYRIL RAMAPHOSA

Mboweni’s medium-term budget a bitter pill

This policy statement highlights the difficult economic and fiscal choices confronting us over the medium term, the finance minister said

  • Lynley Donnelly
4 min read
Nevertheless Mboweni is expected to put flesh on the bones of president Cyril Ramaphosa’s recently announced R50-billion stimulus package and R400-billion infrastructure fund. (David Harrison/M&G)
FINANCE MINISTRY

Despite Twitter appeal, Mboweni has little wiggle room in medium term budget

Much of the MTBPS was finalised before Mboweni’s appointment was announced following the resignation of his predecessor Nhlanhla Nene

  • Lynley Donnelly
6 min read
The outcome is a boost for the president’s renewal agenda going into next year’s election. (Delwyn Verasamy/M&G)
CYRIL RAMAPHOSA

Odds stacked against Cyril’s stimulus offer

To make it work, politicians must stop meddling and people with expertise must be brought in

  • Ivor Sarakinsky
  • Ebrahim Fakir
7 min read
There are some features of administered prices that the state cannot control, such as the basic fuel price, which is influenced by international crude oil prices and the exchange rate. (Delwyn Verasamy/M&G)
CONSUMER PRICE INDEX

State-fixed prices cause major pain

Complex factors influence the prices of electricity, petrol and water, but the state still has wiggle room

  • Lynley Donnelly
  • M&G Data Desk
7 min read
Editorial: It’s dangerous to other foreigners (Photo Archive)
CYRIL RAMAPHOSA

Editorial: New leader must convert old goals

Cyril Ramaphosa has to get his entire Cabinet and the ruling ANC to pull in the same direction to make it work

  • Editorial
2 min read
South African President Cyril Ramaphosa and Chinese President Xi Jinping have agreed that China will invest more than R370-billion in South Africa. (Andy Wong/POOL via Reuters)
CHINA

Ramaphosa constructs big plans

The president intends to rescue the economy with infrastructure, accountability and investors

  • Dineo Bendile
4 min read
“With respect to reference to litigation, this means that the IDC has instituted legal action to recover the R37.5-million as well as the R250-million in accrued interest,” says Patel. (David Harrison/M&G)
CYRIL RAMAPHOSA

New leaders, same goals, new stimulus

The package has echoes of previous promises but ministers say that this time they will be kept

  • Lynley Donnelly
6 min read
Fitch said the president’s announcement did not change its growth forecast for SA of 0.7% for 2018 and 2.1% for 2019. (David Harrison/M&G)
CYRIL RAMAPHOSA

Ramaphosa’s stimulus plan unlikely to boost growth significantly — Fitch Ratings

The ratings agency also flagged the recent rand depreciation as something which could complicate policy meant to tackle low GDP growth

  • Lameez Omarjee
2 min read
(Gemma Ritchie/M&G)
CYRIL RAMAPHOSA

Gordhan: Stimulus plan all about implementation

President Ramaphosa on Friday announced a raft of measures in an effort to reignite growth, restore investor confidence and create jobs

  • Lameez Omarjee
3 min read
Infrastructure at the heart of Ramaphosa’s plan to boost the economy (Photo Archive)
CYRIL RAMAPHOSA

Infrastructure at the heart of Ramaphosa’s plan to boost the economy

President Cyril Ramaphosa promises a ‘fundamentally’ transformed approach to the rollout of infrastructure projects in his new stimulus package

  • Lynley Donnelly
4 min read
‘It is generally agreed that in order for our economy to grow at a rate that will lead to job creation on a meaningful scale, we need to significantly increase levels of investment’. (GCIS)
CYRIL RAMAPHOSA

READ IN FULL: President Ramaphosa’s announcement of the economic stimulus package

President Cyril Ramaphosa announced the highly-anticipated economic stimulus and recovery plan on Friday

  • Staff Reporter
11 min read