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Budget Speech

Siviwe Gwarube: Irresponsible to change school system halfway into academic year
Education
/ 16 July 2024

Siviwe Gwarube: Irresponsible to change school system halfway into academic year

The new basic education minister said she would not implement new policies or programmes without evidence of their value

By Umamah Bakharia
Social wage bill consumes R1.2 trillion of government revenue
Business
/ 22 February 2024

Social wage bill consumes R1.2 trillion of government revenue

Additional funds have been allocated to pay teachers, doctors, nurses and police officers but productivity is not always commensurate with salaries

By Lyse Comins
WATCH LIVE: Godongwana delivers the 2024 Budget speech
Business
/ 21 February 2024

WATCH LIVE: Godongwana delivers the 2024 Budget speech

Minister of Finance, Enoch Godongwana, will present the 2024 Budget Speech at the Cape Town City Hall

By MG Reporter
Budget 2024: Jury’s still out on tax hikes
Business
/ 19 February 2024

Budget 2024: Jury’s still out on tax hikes

The budget is expected to lay out plans to raise R15bn in revenue, amid a commodity-induced slump

By Sarah Smit
The Fiscal Cliff | Shallow state purse deepens jobs crisis
Business
/ 18 February 2024

The Fiscal Cliff | Shallow state purse deepens jobs crisis

In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s ultra-high unemployment rate and austerity

By Sarah Smit
The state of higher education: A conversation with Blade Nzimande
Partner Content
/ 1 June 2023

The state of higher education: A conversation with Blade Nzimande

Government spending on higher education has ballooned, but allocation is key

By Special Reports
Is Nersa really to blame for Eskom’s mess?
National
/ 9 February 2023

Is Nersa really to blame for Eskom’s mess?

Political parties and NGOs will be taking Nersa and Eskom to court for granting the utility an 18.65% tariff hike

By Mandisa Nyathi
Opposition parties criticise Godongwana over public sector wage bill, state-owned enterprises
Politics
/ 24 February 2022

Opposition parties criticise Godongwana over public sector wage bill, state-owned enterprises

The finance minister’s reduction in corporate income tax and allocations to education, health, social development, justice and police have been welcomed

By Anathi Madubela
Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel
Business
/ 23 February 2022

Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel

The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function

By Emsie Ferreira
WATCH LIVE: Godongwana delivers the budget speech
Business
/ 23 February 2022

WATCH LIVE: Godongwana delivers the budget speech

The Finance Minister delivers his maiden budget speech.

By Staff Reporter
Mr President, the government can — and should — create jobs
National
/ 18 February 2022

Mr President, the government can — and should — create jobs

The private sector, experts say, cannot alone be entrusted with the important task of stopping South Africa’s unemployment tailspin

By Sarah Smit and M&G Data Desk
Death or taxes: Why the basic income grant is a tough sell
Business
/ 16 February 2022

Death or taxes: Why the basic income grant is a tough sell

A basic income grant requires higher taxes. But the government will struggle to convince taxpayers to give it more when they see little in return

By Sarah Smit
Gauteng’s third-wave contagion is heading towards a worst-case scenario
Coronavirus
/ 24 June 2021

Gauteng’s third-wave contagion is heading towards a worst-case scenario

Tighter measures are necessary to contain Covid-19’s spread in Gauteng, but returning to level-five restrictions is not on the cards, says Makhura

By Chris Gilili
Tito’s budget tries to boost economic growth and arrest debt
Business
/ 25 February 2021

Tito’s budget tries to boost economic growth and arrest debt

Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%

By Tshegofatso Mathe
READ IT IN FULL: Mboweni’s 2021 budget speech
Business
/ 24 February 2021

READ IT IN FULL: Mboweni’s 2021 budget speech

Read the finance minister’s address on the budget for 2021

By Staff Reporter
Sona: Ramaphosa needs to choose state before party — Steenhuisen
Politics
/ 8 February 2021

Sona: Ramaphosa needs to choose state before party — Steenhuisen

DA leader John Steenhuisen has called for Ramaphosa to throw out what he termed an ‘outdated 20th century ideology of state control’

By Lizeka Tandwa
‘Don’t be afraid of fresh ideas’
Business
/ 25 June 2020

‘Don’t be afraid of fresh ideas’

The finance minister has found money for the Covid crisis, but the cupboard is bare and he warns that a fiscal crisis is possible in 2024

By Thando Maeko and Tshegofatso Mathe
We must stamp out illicit trade to boost the fiscus
Article
/ 16 March 2020

We must stamp out illicit trade to boost the fiscus

The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part

By Tebele Luthuli
Coronavirus and the economy: We didn’t prepare for tough times
Article
/ 12 March 2020

Coronavirus and the economy: We didn’t prepare for tough times

South Africa was well-placed for the 2008 crisis. But R3.18-trillion debt and low growth hamper its ability to limit the economic effects of Covid-19

By Tshegofatso Mathe
Ramaphosa says recession announcement is ‘not a surprise’
Article
/ 3 March 2020

Ramaphosa says recession announcement is ‘not a surprise’

President warns of tougher economic times ahead as the world’s leaders plan for a global economic slowdown

By Lester Kiewit
Graphic: 2020 estimates of national expenditure
Article
/ 28 February 2020

Graphic: 2020 estimates of national expenditure

See how much each department has been given as their slice of the pie by Finance Minister Tito Mboweni

By M&G Data Desk
State can’t yet afford wealth fund
Article
/ 28 February 2020

State can’t yet afford wealth fund

Despite the government’s announcement of a R30-billion sovereign wealth fund, analysts are questioning its utility in a time of increasing debt

By Tshegofatso Mathe
Budget 2020: Sympathy for Mboweni from opposition as Cosatu rattles sabers
Article
/ 26 February 2020

Budget 2020: Sympathy for Mboweni from opposition as Cosatu rattles sabers

Political parties want more details on SOE bailouts, wage cutbacks

By Lester Kiewit
Budget 2020 — Tito squares up to unions with wage cuts
Article
/ 26 February 2020

Budget 2020 — Tito squares up to unions with wage cuts

Finance minister warns “we cannot have all things we want at the same time” and tables cuts in things like the public wage bill in a R1.84 trillion budget

By Tshegofatso Mathe
Ratings agencies might give SA a ‘klap’ — Mboweni
Article
/ 26 February 2020

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

By Thando Maeko
READ IT IN FULL: Mboweni’s budget speech
Article
/ 26 February 2020

READ IT IN FULL: Mboweni’s budget speech

Here is the finance minister’s address on the 2020 budget

By Staff Reporter
LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget
Article
/ 26 February 2020

LIVE BLOG: Fin Min Tito Mboweni presents the 2020 budget

The budget is usually scheduled for the second-last Wednesday in February, and the ratings agencies deliver their decisions after assessing the country’s plans for the fiscal year ahead

By Eyaaz Matwadia and Kiri Rupiah
LIVESTREAM: Mboweni delivers budget speech
Article
/ 26 February 2020

LIVESTREAM: Mboweni delivers budget speech

Watch: The finance minister delivers the budget less than two weeks after the president’s state of the nation address

By Eyaaz Matwadia and Kiri Rupiah
Dan Matjila’s grand plans to save Eskom
Article
/ 26 February 2020

Dan Matjila’s grand plans to save Eskom

The former PIC chief muses over PIC debt-for-equity, privatisation and selling off power stations

By Thando Maeko
Moody’s axe likely to fall on ordinary South Africans
Article
/ 26 February 2020

Moody’s axe likely to fall on ordinary South Africans

The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27

By Thando Maeko
Mboweni faces taxing decisions
Article
/ 21 February 2020

Mboweni faces taxing decisions

The finance minister must tread a tightrope to fix the economy as he prepares for next week’s budget speech

By Thando Maeko and Tshegofatso Mathe
Cosatu has a plan to save Eskom
Article
/ 30 January 2020

Cosatu has a plan to save Eskom

The union federation says urgent, bold action is needed to keep the state-owned utility (and South Africa) going

By Kevin Davie
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