The world is changing fast and to keep up you need local knowledge with global context.
Enoch Godongwana might have slipped one past the goalie but his other moves in today’s MTBPS deserve the praise they are sure to attract.
Treasury has agreed to take over responsibility for between one and two thirds of Eskom’s debt. Details will be provided in Feb 2023 Budget.
This will enable government to begin rebuilding fiscal space and renew real spending growth in key areas to support the economy.
It’s the little things that say so much as I discovered when attending the pre-MTBPS “lockup” in Parliament yesterday.
With this Covid distress grant, those who receive it regard it as a gift from the ANC – not SA’s beleaguered taxpayers.
The 2022 Medium Term Budget Policy Statement aims to address the needs of South Africans and secure our future stability and prosperity.
Hard-hitting investment strategist Magnus Heystek gave his insight into Enoch Godongwana’s first budget speech as finance minister.
Analysts almost unequivocally agree that the financial health of SA’s power utility, Eskom, is the country’s single biggest economic threat.
The bank account doesn’t lie. An extraordinary revenue windfall pushed national tax receipts R182bn beyond what had been expected this time last year.
Corporate income and profit has been more resilient than anticipated and collection of both personal income tax and VAT above expectations.