Enoch Godongwana
latest news & developments
PIC crisis escalates as whistleblower accuses Godongwana of board interference
A whistleblower has escalated the governance crisis at the Public Investment Corporation (PIC) to Parliament, alleging that Finance Minister Enoch Godongwana attempted to…
Hunt on for PIC’s lost billions
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
Fuel prices rise on Wednesday; government announces temporary relief
Petrol will rise by R3.06 a litre and diesel by up to R7.51/litre but a temporary R3/litre fuel levy relief will be in effect until 5 May
An elite detached from daily struggles
When workers marched and criticised the macroeconomic direction under Minister Trevor Manuel, it was never about personalities. It was about policy. It was about defending jobs,…
Budget: debt peaks but growth lags
The projected economic growth trajectory remains insufficient to address structural unemployment
Economists split on whether 2026 budget marks a real turning point
The growth outlook is insufficient to alter unemployment dynamics, some argued
Political parties criticise budget speech amid stagnant growth
Parties and labour organisations have slammed the 2026 Budget for failing to tackle low growth, high unemployment, and municipal distress, while cautiously welcoming tax relief…
South Africa to earmark R1.58 trillion towards social services
National treasury officials said the costing for the deployment of soldiers in crime-affected areas — as announced by President Cyril Ramaphosa, his Sona, had not yet been done
South Africa’s economy to grow by 1.6% in 2026 from 1.4% last year
Over the next three years, growth is projected to average 1.8% and reach 2% by 2028
Godongwana holds better budget cards but economic recovery remains inadequate
Labour federations Cosatu and the South African Federation of Trade Unions have led calls for a budget that addresses massive unemployment and weak growth
IMF expects Godongwana to maintain budget surplus target of 1.5% of GDP
The global lender said controlling the public sector wage bill would be critical and commended the government’s plans to address inefficiencies and provide incentives for early…
Enoch Godongwana: Finance
SCORE: B+ Finance minister Godongwana’s leadership this year faced its first test during the tabling of the national budget. For the first time, the budget had to be re-tabled…
Godongwana forecasts better revenue, strikes optimist tone in medium term budget
The finance minister announced a lower inflation target of 3%, which the South African Reserve Bank has been pushing for
Dada Morero in trouble with treasury, coalition partners over Johannesburg finances
The city faces grant cuts unless a credible recovery plan is submitted, as tensions grow in the governing coalition
South African taxpayers can’t afford R1.1 bn for political parties
There is not enough transparency and the funds would be better spent on health and education