Medium-term Budget Policy Statement

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[…]

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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[…]

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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[…]

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