SA R100 notes Markets have reacted positively to the Medium-Term Budget Policy Statement (MTBPS) but analysts caution that the optimism is mostly short-term. The rand edged up a third of a percent against the dollar at the close of trade as investors welcomed Treasury’s commitment to fiscal consolidation. Finance Minister Enoch Godongwana delivered the MTBPS…
Worker cutting maize plants A maize farmer in Bloemfontein has expressed his concern with the recent early rains. Farmer Laurens Schlebusch says the early rains are not conducive for planting maize. Schlebusch says the early rains are a sign the province could experience mid-summer drought which can be detrimental to maize growth. He says the…
Minister of Finance Enoch Godongwana The Democratic Alliance (DA) has welcomed the tabling of the Mid-Term Budget Policy Statement (MTBPS) by Finance Minister Enoch Godongwana in Parliament. DA leader John Steenhuisen has described the MTBPS as the right direction for the country’s economic growth. “If we have the discipline now to stick to the announcements…
Eskom offices Finance Minister Enoch Godongwana says escalating municipal debt poses a risk to Eskom’s improved financial performance. Godongwana was tabling this year’s Medium Term Budget Policy Statement (MTBPS) in Parliament. Godongwana is pleased by the positive progress shown by Eskom this year. For the first time in nearly a decade, the power utility has…
FILE | Minister Enoch Godongwana Over the medium term, South Africa’s debt-service costs will increase by 3.8 percentage points annually, a significant reduction from 7.4 percent growth projected amid in the 2025 Budget, this is according to Finance Minister Enoch Godongwana. Tabling this year’s Mid-Term Budget Policy Statement (MTBPS) to Parliament, in Cape Town, he…
Finance Minister Enoch Godongwana at a pre MTBPS press conference. Minister of Finance Enoch Godongwana has set a new inflation target of three percent, with a one percentage point “tolerance band.” Delivering the Mid-Term Budget Policy Statement (MTBPS) in Parliament on Wednesday, Godongwana says the one percentage point band allows flexibility to accommodate any unexpected…
Finance Minister Enoch Godongwana tables his Medium-Term Budget Policy Statement for 2025. It comes during a period of uncertainty and skepticism among many South Africans. LIVE |
South African money notes and coins. ActionSA says the Medium-Term Budget Policy Statement (MTBPS) should focus on measures that will boost economic growth and reduce unemployment. Finance Minister Enoch Godongwana is scheduled to table the 2025 mid-term budget in Parliament on Wednesday afternoon. He will provide an update on the country’s economic performance. ActionSA MP Alan…
Minister of Finance Enoch Godongwana Finance Minister Enoch Godongwana will table his Medium-Term Budget Policy Statement for 2025 later today. It comes during a period of uncertainty and scepticism among many South Africans. Some people say that the National Treasury’s budget allocation is not geared towards uplifting the economy. Many feel the public purse remains…
File image: A shopper walks past a Vodacom shop in Johannesburg. South African cellular giant, Vodacom, has reached an agreement with South African-born Elon Musk’s, Starlink, to deliver high-speed, low-latency broadband internet to millions of businesses and households across Africa. The two entities will also expand rural network coverage. According to Vodacom, integrating Starlink’s satellite…
