Global Financial Crisis
latest news & developmentsDepartment of Finance
The journey to full-blown austerity is marked by changes to an economy presided over by a government adrift
Austerity, the NDP’s grim reaper
Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile
Will SA lose its footing amid China’s great rebalancing act?
To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust
Will the dollar hit a Brics wall?
The architecture of the global financial system hurts emerging market economies but the alliance has yet to offer an alternative
Public sector crunch inflicts pain
The government is walking a tightrope as civil servants embark on industrial action over pay
Budget 2023: ‘neutral good’ versus ‘neutral evil’
The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
Bad policies scar the economy
Decisions from a decade ago have come back to haunt economies – policymakers should be vigilant
Public sector strike will come at a cost
Commentators have weighed in on the Transnet strike’s economic hit, but strike season isn’t over yet
Government stares down public wage conundrum
Workers are in the throes of a cost of living crisis, which could force the government to fold on its hard line against more spending
Inflation hits 7.8% – a level not seen since the global financial crisis
Labour unions have embarked on a nationwide strike over the high cost of living
‘South Africa on a path to unjust transition’
The country needs a greener economy but energy specialists say policymakers must ensure the creation of a fairer economy in the process
South Africa on weak footing amid global recession fears
A deep downturn is unlikely, analysts say. But, if it does happen, another recession will be even more difficult to recover from
Rate hikes scuff gold’s pandemic polish
Inflation fears should have inspired a run on gold, but the asset may have lost its relevance
2022: A return to normality or more economic uncertainty?
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
Social protection policies can help to combat Covid-19, and mitigate its effects
The global pandemic has highlighted the importance of national health insurance, mandatory sick leave and unemployment benefits