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News and coverage of South Africa’s most recent and past budget policy statements, speeches and related articles.

South Africa’s health system is on its knees: the budget offers no relief

14 Nov 2021 /  Russell Rensburg   1
Covid-19 highlighted the gaps in our health system.

MTBPS: Government, it’s time to taste the pudding

UPDATE
12 Nov 2021 /  Ryk van Niekerk   1
The new finance minister should be grateful for the commodities boom and an aggressive rebasing of the GDP.

No ‘BIG’ announcement in the mini budget

12 Nov 2021 /  Suren Naidoo   1
But Godongwana’s tone hints at his hesitancy to commit to an income grant in the longer term.

Economic takeaways from MTBPS 2021

11 Nov 2021 /  Fifi Peters  
To persuade private-sector investors, the government needs to demonstrate implementation of economic reforms that reduce the cost of business: Alexander Forbes chief economist Isaah Mhlanga.

SA seeks to rein in debt, hold off welfare expansion

11 Nov 2021 /  Prinesha Naidoo, Bloomberg  
Set more ambitious targets to rein in debt, reduce loan-serving costs, lower the budget deficit and cut spending in the coming year.

Government again fails to make pronouncement on the future of e-tolls

11 Nov 2021 /  Roy Cokayne   1
Transport Minister Fikile Mbalula said a pronouncement on the controversial scheme would be made in the MTBPS.

SA warns of state job cuts if court backs pay deal

11 Nov 2021 /  Rene Vollgraaff, Bloomberg  
SA may have to increase taxes, borrow more and fire workers if the government is forced to implement a civil-servant pay increase that was part of a 2018 agreement.

SA promises spending restraint

11 Nov 2021 /  Alexander Winning and Olivia Kumwenda-Mtambo, Reuters  
Despite mining windfall.

Increased R120bn tax collection windfall may not be sustainable

11 Nov 2021 /  Amanda Visser  
Fiscal risks, including unrelenting power outages, remain high.

General government to invest R500bn in infrastructure over the next three years

11 Nov 2021 /  Roy Cokayne  
But funds are being diverted from the Infrastructure Fund for the 2021 public service wage agreement.

LIVE ARCHIVE: The MTBPS you can’t afford to miss

11 Nov 2021 /  Footage: Courtesy SABC  
Watch Minister Enoch Godongwana deliver his inaugural 'mini budget' at 14:00.

Godongwana commits to fiscal consolidation

11 Nov 2021 /  Suren Naidoo  
Following a record budget deficit of 10% of GDP in 2020, SA’s consolidated budget deficit is expected to narrow to 7.8% in 2021/22 and to 4.9% of GDP in 2024/25.

Government prepared to ‘let go’ of some state-owned enterprises

11 Nov 2021 /  Roy Cokayne   1
Also commits to avoiding further bail-outs of SOEs over the next three years.

Treasury forecasts 2021 GDP growth of 5.1%

11 Nov 2021 /  Suren Naidoo  
Marginally lower than the Reserve Bank’s forecast in September.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Nov 2021 5.00%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Nov 2021 5.50%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Dec 2021 3.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Dec 2021 7.00%
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