gdplatest news & developments
Set for presentation: Finance Minister Enoch Godongwana arriving at Parliament to deliver the budget. He is
flanked by South African Reserve Bank governor Lesetja Kganyago, left, and South African Revenue Service
commissioner Edward Kieswetter. Photo: GCIS

Budget: debt peaks but growth lags

The projected economic growth trajectory remains insufficient to address structural unemployment

Finance Minister Enoch Godongwana. Photo: Supplied by the  Government Communication and Information System (GCIS)

Economists split on whether 2026 budget marks a real turning point

The growth outlook is insufficient to alter unemployment dynamics, some argued

National treasury officials said the costing for the deployment of soldiers in crime-affected areas — as announced by President Cyril Ramaphosa,  his Sona, had not yet been done. (GCIS)

South Africa to earmark R1.58 trillion towards social services

National treasury officials said the costing for the deployment of soldiers in crime-affected areas — as announced by President Cyril Ramaphosa, his Sona, had not yet been done

Finance Minister Enoch Godongwana delivers the 2026 Budget Speech

South Africa’s economy to grow by 1.6% in 2026 from 1.4% last year

Over the next three years, growth is projected to average 1.8% and reach 2% by 2028

Minister in the Presidency for Planning, Monitoring and Evaluation Maropene Ramokgopa. Photo: Supplied.

High levels of corruption cripple SA municipalities but government optimistic about improvements, Ramokgopa says

Minister in the presidency for planning, monitoring and evaluation said there had been progress in implementing the country’s medium-term development plan, running from 2024 to 2029

Thanks to the Madlanga Commission and the parliamentary ad hoc committee on the allegations made by the KZN Commissioner we now see that not all that glitters is gold.

Year-end blues of hits and misses

A reflection on hope, rejection, and resilience in a tough 2025—reminding us that even without the call, the dream isn’t cancelled, just delayed

The Luxurious Marble Circus

Festivals: When celebration becomes a catalyst for change

Events such as the Luxurious Marble Circus is backed by sponsorship that brings people together, creates jobs and is a driver for social and environmental change

The G20 is a forum of the largest economies in the world who meet regularly to discuss the most pressing issues facing the global economy. (Photo: Brenton Geach/Gallo Images/Getty Image)

Africa’s G20 moment: A moral call for justice and global solidarity

Hunger, exclusion from education and Africa’s debt is more than policy failure, inequality and poor planning, it is the theft of dignity, potential and oppression

Reserve Bank governor Lesetja Kganyago

Reserve Bank cuts rate by 25 basis points to 7.25%

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Godongwana keeps medium-term infrastructure spending above R1tn to boost ailing economy

The finance minister said the expenditure would be carried out ‘without compromising the fiscal strategy of sustainable public finances’

South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images

Reserve Bank holds interest rate at 7.5%

The monetary policy committee said it remains vigilant amid risks to inflation outlook on the global and domestic front

Finance Minister Enoch Godongwana. Photographer: Dwayne Senior/Bloomberg via Getty Images

Godongwana clings to VAT increase but halves initial proposal

The minister conceded that the measure did not have support across the political spectrum

Graphic: John McCann

South Africa needs to learn from disasters

A re-think of how we live, relate to other sentient beings and consume will allow us to ‘learn, unlearn and relearn’ to convert disasters into strengths

There has been progress since 1994. South Africa now has a black middle and upper middle class but the means of production remain largely owned by white people and black people swelling the ranks of labour. Photo: Mujahid Saofodien/AFP)

South Africa’s economy expands by 0.6% in fourth quarter of 2024

The agriculture sector was up 17.2% and was the largest contributor to GDP growth during the period

The mining industry has the potential to grow if there is more investment in exploration projects. (Michele Spatari/Bloomberg via Getty Images)

Mining has life, in spite of hitches

The industry has the potential to grow if there is more investment in exploration projects

South Africa may have attained political emancipation but economically the chains largely remain.  (File photo)

13 million South African children are still living in poverty

A study by the Nelson Mandela Children’s Fund says the direct cost of child poverty is estimated to be about 9% of GDP

The number of SRD applications has been growing steadily since its introduction in 2020. The 17 million applications mark was passed three months ago, but the real story is that the number of grants approved has not grown in a long time.

SA’s poor urgently need a decent universal basic income grant

The decision to provide a grant of R1 634, the upper bound poverty line, rests in the hands of the elite

Unemployed men inJohannesburg wait on a street corner for work for part-time work. Photo: Naashon Zalk/Bloomberg/Getty Images

South Africa’s economy: Talk is not enough to drive real change

Past summits on the economy have led to hopeful rhetoric but little meaningful action. The longer this paralysis continues, the more damaging it becomes

Aerial view of Nairobi Downtown. Nairobi. Kenya. Africa. (Photo by: Leonardo Mangia/REDA&CO/Universal Images Group via Getty Images)

East Africa’s growth projected to grow by 5% in 2024

The region has also seen an increase in its contribution to the continent’s broader economic growth

Despite the suspenison of load-shedding since early April, South Africa’s economy did not benefit. Photographer: Waldo Swiegers/Bloomberg via Getty Images

GDP data: SA’s economy contracts in first quarter of 2024

The economy did not benefit from the suspended load-shedding initiated in early April