The finance minister announced a lower inflation target of 3%, which the South African Reserve Bank has been pushing for
The advocacy group said despite highlighting infrastructure as one of its main pillars, the policy statement offered little in terms of commitments to fixing school…
Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space
CEO Busi Mavuso said it appeared that only the national treasury understood the need to curtail government spending
“A drop in the ocean” as only 15 000 new police recruits are expected for the next three years
The treasury warns that helping the ailing power utility clear its staggering debt won’t fix all its problems
With a take-over of Eskom’s debt looming, the finance minister found no indulgence for other struggling parastatals
There were high expectations that Enoch Godongwana, the Minister of Finance, would signal in the medium term budget policy statement how government planned to mitigate the impact…
SMEs are investing in their growth at a rate we’ve never seen before. That is resilience. It is also a sign of the pent-up growth just waiting to explode into our economy — if…
Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed
The opposition party referred to the government’s economic policy as ‘hopelessly inadequate’ and an obstacle in the path towards stable public finances
The Covid-19 pandemic led to an unprecedented widening of the budget deficit and a spike in debt stock but a commodity price surge gave the treasury room to breathe.
The new finance minister said there would be no new bailout for Eskom or other parastatals, with the exception of Denel, which was thrown a lifeline after defaulting on debt to…
Enoch Godongwana’s first medium-term budget policy statement includes more funding local government, but with more terms and conditions for after service delivery failures cost…
The finance minister says more grants would mean the money would have to be cut elsewhere as he sticks to fiscal consolidation
