Khulekani Magubane

Civil Society groups are once again demanding the introduction of a basic income grant, days before the finance minister delivers the Government of National Unity's first mid-term budget.

The International Monetary Fund has urged South Africa and the Sub-Saharan African region to continue slowly easing interesting rates to stimulate economic activity that will drive their individual ...

Government is considering significant reforms in the grants system which will be detailed in next year's budget.

The National Treasury had to lower its 2024 economic growth forecast from 1.3% in the 2024 budget to 1.1% but placed its growth outlook for the medium-term period from 1.2% in the preceding three years to 1.8% from 2025 to 2027.

Detailed reforms are being rolled out, including a requirement for municipalities to produce separate statements for each service

SOEs continue to post net losses The National Treasury has threatened to cut R2bn from Eskom's debt relief allocation if the power utility once again fails to dispose of its Finance Company, a key condition for the debt support.

"We agreed on the strategic thrust of fiscal consolidation. All of us," says finance minister on the government of national unity.

Finance minister Enoch Godongwana arrives at parliament for the 2024 medium-term budget policy statement on October 30 2024. The statement outlines the government's policy goals and macroeconomic forecasts for the next three years. Image: Brenton Geach/Gallo images

Minister of finance Enoch Godongwana says he expects the government of national unity (GNU) to remain intact for the full five years of the seventh administration and it will make more progress on its various gains.

SA Revenue Service Commissioner Edward Kieswetter has vowed to stop some big companies and wealthy individuals that are "increasingly aggressive" in using the law and legal loopholes to get out of ...