mtbps 2024latest news & developments
Finance Minister Enoch Godongwana. (David Harrison/M&G)

Pragmatic, pinched budget statement dampens growth hopes

Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space

  • Emsie Ferreira
7 min read
Palestine Supporters Demonstrate In Front Of The International Court Of Justice. (Dursun Aydemir/Anadolu via Getty Images)

Treasury finds R95 million for SA’s genocide case against Israel

The funds have been allocated to the departments of justice and international relations to cover their costs in bringing the case before the International Court of Justice

  • Eyaaz
3 min read
Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.

Mid-term budget: ‘Tough love’ for Post Office, which faces liquidation

The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency

  • Eyaaz
2 min read
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

No lifeline for Transnet or other ailing parastatals in medium term budget

Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships

  • Emsie Ferreira
3 min read
Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Mid-term budget: Godongwana introduces early retirement plan

An amount of R11 billion will be set aside to allow people early exit from public service

  • Eyaaz
3 min read
Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Mid-term budget: Godongwana maintains line on austerity

Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6% in 2024-25.  This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]

  • Eyaaz
3 min read