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latest news & developments

Holding the line: Finance Minister Enoch Godongwana (centre), who has been in the job for just 100 days, arrives for his mid-term budget presentation to parliament. He said growth, which relied on economic reforms, was imperative. (Dwayne Senior/Bloomberg/Getty Images)

Godongwana holds off on basic income grant decision, closes taps to state enterprises

Godongwana warns that the outer limits of the budget are non-negotiable as a debt cliff loomed

Emsie Ferreira
Anathi Madubela

Finance Minister Tito Mboweni told journalists at a closed media briefing before tabling the budget on Wednesday that he does not believe Moody’s will downgrade the country. (David Harrison/M&G)

Ratings agencies might give SA a ‘klap’ — Mboweni

Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk

Thando Maeko