Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up
The energy department last week took out a draft of determinations proposing more than 13000MW of power to be supplied
Covid-19 has put a strain on the limping economy and something must be done to keep it going
Money from the national disaster management fund will be used to fight the spread of the coronavirus and funds from other departments could be used as well
The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part
South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19
A long-delayed flight to repatriate South African citizens from Wuhan will depart tonight and return on Friday the 13th, before a 21-day quarantine
Negotiators are scrambling to meet the July 1 deadline for the world’s second-biggest trading agreement, which could boost continental trade
As with the ban on SAA flying to the United States in 1986, political pragmatism will eventually be trumped by economic realities
Pensions aren’t threatened, Eskom will be saved and it’ll boost growth and a low-carbon economy
The latest economic figures and the effect of the coronavirus on the global economy are bad news for South Africa’s already tepid domestic growth outlook
Insiders says that no one is willing to make the daunting journey to rescue fellow citizens
President warns of tougher economic times ahead as the world’s leaders plan for a global economic slowdown
See how much each department has been given as their slice of the pie by Finance Minister Tito Mboweni
Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt
We are in deep shit, but there’s some good news – and, of course, another missed opportunity to do the right thing
Cosatu rejects job losses and a wage freeze for public servants, calling this ‘a declaration of war’
The fund chairperson says while they may consider Cosatu’s plan to use state pensions to bail out Eskom, the deal has to be within its ambit
Political parties want more details on SOE bailouts, wage cutbacks
Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.
Here is the finance minister’s address on the 2020 budget
The budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead
Watch: The finance minister delivers the budget less than two weeks after the president’s state of the nation address
The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
SOEs must be dynamic growth enablers if they are to be deemed strategic assets for the economy
The finance minister must tread a tightrope to fix the economy as he prepares for next week’s budget speech
Sona was a mixed bag but there were some meaningful announcements
The country is being pushed to develop more SEZs. But is this a viable strategy, given unemployment and ‘deglobalisation’?
The poor condition of state-owned enterprises remains a blight on growth forecasts