Mail & Guardian
Mail & Guardian

Institute For Economic Justice

latest news & developments
The increase in learners is exacerbated by people relocating to Gauteng, and private-public partnerships are required to address overcrowding.
File photo

Gauteng needs 200 more schools, says education MEC Chiloane

During the 2023-24 financial year, Gauteng, Mpumalanga and the Northern Cape only built one school each

The 2025 budget  must empower the poor and end socio-economic exclusion. Photo: Supplied

Budget: Blanket refusal to consider additional revenue sources limits policy options

Budget choices must empower the poor and end socio-economic exclusion

South Africa’s largest steel maker has warned that without urgent government protection, it will be a matter of time before local production is no longer viable. (David Harrison/M&G)

Steel industry struggles deepen as ArcelorMittal retrenchments highlight systemic problems

Amid rising imports and operational hurdles, the steel producer announces layoffs while the government’s long-term strategy remains unclear

Prior to Finance Minister Enoch Godongwana’s announcement, the proposal that the government draw down from the reserve account was dismissed by many as leftist badgering. Photo: Dwayne Senior/Bloomberg via Getty Images

Treasury puts the brakes on a left turn

Some consider the decision to tap the forex reserve as a sign that the state can be swayed by the left. But the ANC-led government knows exactly how to neutralise progressive…

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Move to tap forex reserve is ‘sensible’

Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account

A vendor counts out rand banknotes while working in an African craft market in South Africa. Photographer: Waldo Swiegers/Bloomberg

Basic income grant: Peering beyond the endless impossibilities

South Africa’s economy has stagnated and policymakers ought to be looking for solutions that move us forward

South African Reserve Bank governor Lesetja Kganyago. Photo: Getty Images

Gold and forex reserve is no pot of cash, says Kganyago

The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account This content is…

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Bloomberg via Getty Images

Mini-budget raises questions about SA’s growth prospects

Finance Minister Enoch Godongwana has emphasised the need to address supply-side constraints, such as the country’s energy and logistics crises

Finance Minister Enoch Godongwana. File Photo

The Fiscal Cliff | Will austerity push South Africa to the brink?

Today, as the country awaits the next update on the state of its public purse, the prospect of a debt crisis seems more imminent than before. This is as South Africa’s fiscal…

Former Brazil president Dilma Rouseff turned to austerity, but it was too late. (Photo by Mario De Fina/NurPhoto via Getty Images)

Corporate capture and austerity politics

The choice to adopt austerity is not about protecting the state against capture — nor is it about realising untapped growth

Reserve Bank governor Lesetja Kganyago

Kganyago: Relaxed targets would thwart inflation fight

As central bankers in the advanced world unite over the ‘higher for longer’ mantra, the Reserve Bank cautions against raising targets amid still-high inflation

South African Reserve Bank governor Lesetja Kganyago. Photo: Getty Images

Economic policy and the state capture ‘scarecrow’

Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most

Nehawu members protest outside George Tabor Technical College in Soweto on 8 March 2023. (Fani Mahuntsi/ Gallo Images)

Public sector crunch inflicts pain

The government is walking a tightrope as civil servants embark on industrial action over pay

The government will extend the social relief of distress grant until 2025. Photo: Pieter Bauermeister/AFP

Godongwana: Basic income grant decisions won’t be made because of political pressure

The social development department has been allocated R35.7 billion to fund the extended social relief of distress grant

Dondo Mogajane, director general of the South African National Treasury, Enoch Godongwana, South Africa’s finance minister, David Masondo, South Africa’s deputy finance minister, and Edward Kieswetter, commissioner of the South African Revenue Service (SARS), (left to right), make their way to the budget presentation in Cape Town, South Africa, on Wednesday, Feb. 23, 2022. South Africa cut corporate taxes and set more ambitious targets for reducing debt, after a surge in commodity prices led to higher-than-expected tax income. (Dwayne Senior/Bloomberg via Getty Images)

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