Mid Term Budget Policy Statement

latest news & developments
Finance Minister Enoch Godongwana.   (File photo by Madelene Cronje)

Godongwana must deliver a stimulus-led mid-term budget

A growth-oriented bid-term budget statement would go a long way towards creating a fertile environment for new investments

There has been much talk about finding a replacement for Nene. Rumour has it that Barbara Creecy — who serves as Gauteng’s finance MEC — tops possible replacement lists. (Delwyn Verasamy/M&G)

Nene faces severe credibility problem as mid-term budget looms

As South Africa prepares for a mid-term budget rumours are flying thick and fast about the fate of Finance Minister Nhlanhla Nene

Implicated: Finance Minister Malusi Gigaba’s impeccably tailored suit could not conceal the narrative of a rotten state

What Malusi GiGupta didn’t say

The Finance Minister kept his cards close to his chest during his budget speech

“I use colour to disarm the viewer’’ — Athi-Patra Ruga

Mid-term budget: ​Gordhan chilled by ill wind

An ailing economy and toxic politics weigh heavily on a finance minister keeping SA afloat.

Pick ‘n Pay employees on strike demonstrate outside the Gardens’ store in Cape Town.

​Gordhan’s politics of divide-and-rule

It’s easy to see where the minister could raise money if he really wanted to ameliorate poverty.

​No wiggle room so nuclear build goes ahead, drawing fire

Speaking to press on the matter, Deputy Finance Minister Mcebisi Jonas said the treasury was guided by the IRP.

It remains to be seen if Gordhan will be able to prevent bad decisions from being made.

Midterm budget: A balancing act for Gordhan as he tries to boost the economy

Pravin Gordhan has said he plans to reduce government spending, raise taxes and cut the budget deficit to 3.2 percent of GDP.

Nene may abandon deficit targets as downgrade threat looms

With the nation’s credit rating in terrible shape, SA’s finance minister may be forced to downgrade growth and tax forecasts in his mid-term budget.

Economic week ahead: Budget statement, inflation data

Nhlanhla Nene’s medium-term budget statement and last month’s inflation report are the big items on South Africa’s economic calendar.

Modise says car purchase was not a snub at Gordhan

Thandi Modise’s office says her R1.3-million car was not bought to defy Pravin Gordhan’s call for stricter monetary control by civil servants.

New rules in Ministerial Handbook lay down the law on perks

Curbs on buying flashy cars and travelling first class are among measures expected in the long-delayed Ministerial Handbook.

Finance Minister Pravin Gordhan before the medium-term budget policy speech at Parliament in Cape Town.

Gordhan’s mid-term budget speech fulfils prophecies

During his medium-term budget policy speech Finance Minister Pravin Gordhan kept the rhetoric upbeat and SA’s purse strings tight, as expected.

Pravin Gordhan has been accused of speaking to the ­treasury’s management team ‘like they are kids’.

What can we expect from Gordhan’s mid-term budget review?

From saving money in an election year to e-tolls and the NDP, Finance Minister Pravin Gordhan’s mid-term budget review might be a juggling act.

Pravin Gordhan has been accused of speaking to the ­treasury’s management team ‘like they are kids’.

Economic week ahead: Gordhan’s mid-term budget statement

Finance Minister Pravin Gordhan’s budget statement, in which growth and fiscal projections will be updated, is the big item on the economic calendar.

R7.2 billion intended for a schools infrastructure backlog grant has been reallocated because of slow spending.

Treasury confirms budget reallocations for education

Despite the basic education department’s rattling, the treasury has confirmed the R7.2-billion for school infrastructure backlogs was reallocated.