Mboweni: SA has ‘mind-set’ issue; needs to attract private investors #MTBPS
National Treasury is convinced the budget and economic recovery plan will prevent SA plunging into a financial crisis.
National Treasury is convinced the budget and economic recovery plan will prevent SA plunging into a financial crisis.
The Asia-Pacific region is recovering from its worst recession in living memory, but Covid-19 scars will be deep everywhere, cautions the IMF.
And SOE it goes: As turnaround plans stumble, SABC is the latest entity to face financial point of no return.
The forbidding economic landscape that Mboweni sketched during his mini-budget yesterday reminds us of a similar cabinet debut by his now almost-veteran health counterpart, Aaron Motsoaledi.
South Africa cannot rely on austerity measures to reduce public debt and boost economic growth, as previously thought, says Finance Minister Pravin Gordhan.
The World Bank has cut its forecast for Africa’s most advanced economy from the 1.3 percent growth forecast in 2015.
South Africa needs to make tough decisions about how it runs its finances and next month’s budget will inspire confidence in a struggling economy, says Pravin Gordhan.