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LATEST Budget  

News and coverage of South Africa’s most recent and past budget policy statements, speeches and related articles.
State wage bill ‘a critical impediment to SA’s economic recovery’ – Busa
UPDATE

State wage bill ‘a critical impediment to SA’s economic recovery’ – Busa

9 November 2020  / Suren Naidoo   9
Country faces fiscal cliff if issue is not addressed.
Budget lacks detail on reform implementation: Moody’s

Budget lacks detail on reform implementation: Moody’s

30 Oct 2020 /  (Reporting by Olivia Kumwenda-Mtambo   1
Ratings agency says debt will increase.
Cosatu: ‘We’re not going to entertain an across-the-board wage freeze’

Cosatu: ‘We’re not going to entertain an across-the-board wage freeze’

30 Oct 2020 /  Suren Naidoo   39
Plan to slash public-sector wage bill needs to focus on ‘overpaid senior executives and politicians’.
The #MTBPS2020 in five charts

The #MTBPS2020 in five charts

29 Oct 2020 /  Larry Claasen   1
Finance Minister Tito Mboweni has to walk a fine fiscal line.
SA’s waning economic fortunes demand harsh policy adjustments

SA’s waning economic fortunes demand harsh policy adjustments

29 Oct 2020 /  Michael Sachs   4
Who will bear the brunt?
This is where SAA got its R10.5bn from

This is where SAA got its R10.5bn from

29 Oct 2020 /  Adriaan Kruger   30
Police lost R1.1bn of its budget, primary schools lost R276m and even people with disabilities had to contribute.
Webinar recap: Making sense of the mid-term budget

Webinar recap: Making sense of the mid-term budget

29 Oct 2020 /  Moneyweb  
This discussion with Dr Adrian Saville, Dr Iraj Abedian, Sizakele Marutlulle, Dr Azar Jammine and Ryk van Niekerk followed the MTBPS announcement.
Sanral is unable to meet its financing obligations

Sanral is unable to meet its financing obligations

29 Oct 2020 /  Roy Cokayne   10
It isn't generating enough cash from its toll portfolio to settle future operational costs and debt.
SA risks default with government’s rate of borrowing

SA risks default with government’s rate of borrowing

29 Oct 2020 /  Ciaran Ryan   5
MTBPS: The good, the bad and the missing.
Mboweni confirms R100bn allocation to infrastructure spending

Mboweni confirms R100bn allocation to infrastructure spending

29 Oct 2020 /  Roy Cokayne   4
Over 10 years, with R18bn over the medium term.
Government finances on the brink of disaster

Government finances on the brink of disaster

29 Oct 2020 /  Adriaan Kruger   29
Alarming drop in tax revenues and ever-growing expenditure are sending debt to unsustainable levels.
Mini budget: Mboweni makes it stretch

Mini budget: Mboweni makes it stretch

28 Oct 2020 /  Larry Claasen  
Finance minister makes best of limited fiscal space.
SA bails out insolvent state airline with R10.5bn

SA bails out insolvent state airline with R10.5bn

28 Oct 2020 /  Paul Vecchiatto, Bloomberg   12
To implement its rescue plan, taking money from other government departments.
MTBPS: Eskom receives R23bn in financial support

MTBPS: Eskom receives R23bn in financial support

28 Oct 2020 /  Roy Cokayne   1
But government allocation for the power utility has been reduced by R4.2bn over the medium term.
SA plans wage freeze to lower budget deficit

SA plans wage freeze to lower budget deficit

28 Oct 2020 /  Olivia Kumwenda-Mtambo, Mfuneko Toyana, Wendell Roelf, Reuters   1
As it earmarks massive expenditure cuts to reign in a soaring budget deficit.

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