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Concerns over SA's fiscal cliff raised ahead of Mboweni's Budget speech
The fiscal cliff study group first warned of the danger several years ago. It defines the fiscal cliff as the point that is reached when public servants’ wages, social grant payments and debt-service costs soak up all government revenue.
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After COVID-19 budget cuts, education sector hopes for relief to resume projects
Infrastructure projects to ensure water supply and safe sanitation at schools had to be halted as government made tough decisions due to COVID-19.
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Debt, COVID-19 financial woes threaten to end dreams of thousands of students
Many students don't qualify for NSFAS funding and Universities South Africa's CEO Ahmed Bawa said there needed to be more assistance for the so-called missing middle.
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PAC rallies behind Saftu’s planned national strike on Wednesday
Saftu will embark on industrial action on Wednesday in response to a number of economic challenges facing the country.
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Saftu to go on strike next Wednesday, same day as Mboweni's Budget speech
The action, which involves mass stay away and protest in major cities, is over joblessness, poverty and corruption among other social issues.
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Ramaphosa: SA can no longer continue being a country that tolerates lawlessness
The African National Congress (ANC)’s national executive committee (NEC) lekgotla has called for maximum attention to be given to those who hijack projects across parts of the country and extort money from service providers.
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Fears of tax revolt as alcohol firms struggle with excise taxes due to booze ban
The liquor industry is calling on government to provide some relief when it comes to specific taxes this year.
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How the stresses and strains on SA’s economy played out in Parliament
Lawmakers had to consider, debate and approve not one, but three Budgets this year while operating under lockdown.
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COVID-19 and the SA economy in 2020: ‘We need to close the hippo’s mouth’
Finance Minister Tito Mboweni this year noted the biggest contraction in the economy in nearly 90 years and the need to close the gap between government’s income and its spending – the hippo’s wide-open mouth.
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FULL TEXT: Tito Mboweni’s Supplementary Budget Speech
Finance Minister Tito Mboweni on Wednesday tabled an adjustments budget which was necessary due to the historic nature of the COVID-19 pandemic and resulting economic downturn.
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Mboweni says total Budget spending will exceed R2 trillion
The supplementary Budget is aimed at charting a way forward to kickstarting an economy that was already faltering before the COVID-19 pandemic and lockdown brought it to its knees.
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What is a zero-based Budget?
South Africans will be presented with a zero-based Budget for the first time. But what does it mean?
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Rand firmer as market awaits Budget
At 1500 GMT, the rand was trading at 17.2200 per dollar, 0.72% firmer than its previous close.
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National Assembly to vote on Mboweni's February Budget
The Appropriations Bill has to be passed by Parliament before Mboweni can table a Special Adjustments Budget to deal with the financial demands posed by the COVID-19 pandemic.
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Treasury ready to table Special Adjustment Budget by 24 June
Finance Minister Tito Mboweni has urged Parliament to pass the Budget legislation he tabled in February as soon as possible, because until this is done, a revised Budget cannot be tabled.
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Mbalula: Mboweni should have consulted me on Prasa budget cuts
Finance Minister Tito Mboweni announced that government would over the medium term cut R13.2 billion that was meant to go to public transport.
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Rand weakens as Moody's highlights concerns over Budget
The local currency had initially strengthened after Finance Minister Tito Mboweni unveiled the plan to cut the public sector wage bill by R160 billion.
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Cosatu: Workers not scapegoats for SA's economic crisis
The organisation said it saw Finance Minister's Tito Mboweni's budget as a challenge to labour and has again rejected government's plans to claw back on the public wage bill.
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CARTOON: Who'll Budge First?
By Dr Jack & Curtis.
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Ramaphosa could be tested in public sector wage bill talks - economists
In the Budget Speech on Wednesday, Finance Minister Tito Mboweni announced that the wage bill would be cut by just over R160 billion over the next three years.
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RAF earmarked as one of the risks that could further widen budget deficit
Treasury said that over the past 20 years, increases of the RAF levy had typically exceeded inflation yet the liabilities of the fund had grown at a faster pace.
