News in South Africa 12th February: 1. Budget Speech incoming: Budget Speech season is here and based on Finance Minister Enoch Godongwana’s mid-term presentation, we can expect many complex challenges to be unpacked. Godongwana has projected that the government will miss its revenue targets by nearly R57 billion for the 2023/24 tax year, and then […]
News in South Africa 30th October: 1. Midterm budget this week: As Minister of Finance, Enoch Godongwana prepares to deliver his mid-term budget speech this week, he said that if the country doesn’t cut expenditure and increase borrowing, it will be out of cash by the end of March 2024. He made the comments at […]
News in South Africa 5th April: 1. Eskom testing new plan to cut power demand: Embattled power utility Eskom says it is piloting a national demand response programme in the small commercial and residential sectors in response to the electricity crisis facing South Africa. The programme is an expansion of the successful industrial Demand Response Programme, which […]
News in South Africa 22nd February: 1. Finance budget speech today: Finance minister Enoch Godongwana will on the 22 February 2023 (today) deliver his budget speech. Child support grant: Human rights group Black Sash has called for the National Treasury to double the cost of the child support grant from R480 to over R800. The […]
News in South Africa 12th November: 1. Budget speech receives mixed reviews: Finance Minister Enoch Godongwana’s Medium-term Budget Policy Statement (MTBPS) has received mixed reaction, with some opposition parties welcoming his stance on government spending. Tabling his statement, Godongwana said that consolidated government spending was expected to increase over three years. But he announced no […]
News in South Africa 6th August: 1. Cabinet reshuffle welcomed: President Cyril Ramaphosa’s cabinet reshuffle has been broadly welcomed, though not without its sore points over a few surprises. Most notably, many in the economic sector are disappointed to see finance minister Tito Mboweni exit the portfolio – while parliamentarians are calling the move of […]
