Finance minister Enoch Godongwana has opted to “practise tough love” regarding struggling state-owned enterprises (SOEs), saying their performance will have to drastically improve before receiving any further bailouts from the government.…
Finance minister Enoch Godongwana said a runaway public sector wage bill was one of the domestic risks facing government finances in an uncertain economic environment. The government’s decision to offer a R1,000 one-off gratuity to civil…
The government is projecting tax increases of R5bn in the next financial year as decreasing tax revenue and increasing debt to fund high spending bite. It is also warning that SA could default on its sovereign debt repayments if urgent…
Departments losing out to SAA features highly, as does a long-term plan for bringing down the country’s debt burden The National Treasury has put the brakes on the onerous debt consolidation plans it outlined in June, reducing its planned…
