Medium-term Budget Policy Statement

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Cape Town

Analysts expects Finance Minister Enoch Godongwana to promote fiscal discipline and controlled spending in his Medium-Term Budget Policy Statement

By Kouthar Sambo Analysts expect Finance Minister Enoch Godongwana to promote fiscal discipline and controlled spending in his Medium-Term Budget Policy Statement, which was delivered on Wednesday. Some concerns are mounting, and are linked to budget risks linked to the May elections, leading to cautious optimism about the Government of National Unity (GNU). Speaking on VOC's PM Drive show on Wednesday, economist Ulrich Joubert echoed the sentiment of "cautious optimism" […]

today31 October 2024

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Local

Cosatu urges bold action on rising unemployment in South Africa

By Lee-Yandra Paulsen Union Federation Cosatu has called for a Medium-Term Budget Policy Statement that decisively addresses unemployment and stimulates South Africa's struggling economy. The country’s official unemployment rate has risen from 32.9% in the first quarter to 33.5% in the second quarter. Cosatu’s Parliamentary Coordinator, Matthew Parks, stressed that both the government and the private sector must recognize the severity of the crisis impacting the unemployed and their families. […]

today15 August 2024

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Local

Finance Minister Enoch Godongwana has tabled his Medium-Term Budget Policy Statement

By Kouthar Sambo Finance Minister Enoch Godongwana has tabled his Medium-Term Budget Policy Statement this afternoon at the City Hall in Cape Town today.  He attributed the weak medium-term outlook to power cuts, poor logistics sector performance, high inflation, rising borrowing costs, and a challenging global environment. Speaking on VOC's Drive Time show earlier today, Chartered accountant and Political commentator Khaya Sithole said the reality is that they have exhausted […]

today1 November 2023

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Local

All eyes on Godongwana ahead of his Medium-Term Budget speech

Finance minister Enoch Godongwana will on Wednesday deliver the Medium-Term Budget Policy Statement (MTBPS) under a very difficult economic environment facing the country. The country and markets are anticipating resolutions around the Public Sector Wage Bill and Eskom’s debt burden amongst others. The biggest expectation will be the Basic Income Grant and whether or not it will be feasible in the near future and how the National Treasury will fund it […]

today26 October 2022

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Local

Gigaba’s moment of truth amid perfect economic storm

Finance Minister Malusi Gigaba is arguably facing the biggest challenge of his political career today when he delivers his first Medium-term Budget Policy Statement (MTBPS) in Parliament at 15:00. The minister is in an unenviable position. South Africa finds itself in a perfect storm with GDP growth that risks touching on zero, a revenue shortfall that could come close to the R50bn mark, over-indebted state-owned enterprises (SOEs) plagued by scandals […]

today25 October 2017

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