Cosatu’s Matthew Parks said South Africa not only had a debt crisis but was in its worst economic recession in 100 years.
FFC deputy chair Michael Sachs said this could be the first time that a Budget had been tabled, which envisaged a reversal in achieving what was set out in the Bill of Rights.
Finance Minister Tito Mboweni and Treasury officials have been briefing Parliament's finance and appropriations committee on the 2021 budget on Thursday.
The organisation has criticised the low increase in social grants.
The trade union federation told journalists at a media briefing on Thursday following its three-day meeting that the ongoing public sector wage dispute is a binding contract that cannot simply be wished away.
Mkhize on Thursday afternoon addressed the National Council of Provinces (NCOP) about the vaccine rollout.
While South African Airways (SAA) will this year get R4.3 billion and Eskom more than R31 billion, this was money that was allocated in previous budgets and cannot be classified as new bailouts.
Eyewitness News unpacked the highlights of Finance Minister Tito Mboweni's 2021 Budget Speech.
They include exploring getting rid of some allowances and benefits while reviewing pay progressions.
He was speaking at a briefing after delivering his Budget speech on Wednesday afternoon.
In his budget speech earlier on Wednesday, Finance Minister Tito Mboweni announced additional funds for the country’s vaccination campaign.
Finance Minister Tito Mboweni delivered his much-anticipated hybrid Budget Speech on Wednesday, during which he outlined how citizens would be paying more for certain items. #BudgetSpeech #Budget2021 #TitoMboweni
Finance Minister Tito Mboweni delivered his much-anticipated hybrid Budget Speech on 24 February 2021, during which he outlined how citizens would be paying more for certain items.
Delivering his 2021 Budget Speech, Finance Minister Tito Mboweni said the country was not without hope and one of the reasons was a much-improved economic outlook.
Finance Minister Tito Mboweni delivered his much-anticipated hybrid Budget speech on 24 February 2021 in Parliament where he assured South Africans that there would be no tax increases.
Culture and learning remain the largest spending area at R402.9 billion with the bulk of that allocation earmarked for salaries.
The Finance Minister announced minor increases to social grants when he delivered his Budget Speech.
While we will have the highest tax shortfall ever on record - mostly due to the COVID-19 pandemic - government has a few plans to ensure it acquires as much income as possible.
