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fiscuslatest news & developments
Eskom has announced a staggering loss of R23.9 billion for the financial year ended March 2023. (Waldo Swiegers/Getty Images)

Eskom moots taking non-paying municipalities’ distribution licenses

Utility says that this will encourage defaulting municipalities to cough up

President Cyril Ramaphosa

South Africa gets R14.4 billion in spectrum sale to MTN, Telkom

Sale of mobile telecommunication spectrum is ‘a significant milestone in our reform agenda’ — Ramaphosa

Finance minister Enoch Godongwana.(Brenton Geach/Gallo Images via Getty Images)

Can harsh fiscal trade-offs still improve agency and social cohesion for South Africans?

This year’s budget will be a balancing act, but the treasury needs to prioritise restoring South Africans economic agency

The expansion of social grants has been one of the most significant redistributive measures in democratic South Africa. Grants now support millions of children, older persons, and people with disabilities.
 (Delwyn Verasamy/M&G)

Sona 2022: Ramaphosa extends R350 grant for another year

In the meantime, government will mull the best options to replace this grant with another form of income support

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

Godongwana’s inaugural budget: austerity vs social security

Economists predict the finance minister will speak about the basic income grant, the effect of the July riots on the fiscus, and bailouts

Social security net: Senior citizens queuing for their social grants outside Jabulani Mall in Soweto.

The basic income grant is surely on the horizon

It is becoming clear SA needs a BIG, as many ANC cabinet members, opposition parties and experts agree. But there is still dissent from some quarters

The numbers don’t lie: Tito Mboweni must focus on the long game, experts say

Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech

Sasol the tax cow

Oil prices are rocketing and billions are flowing into the fiscus, Lynley Donnelly reports