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budget reviewlatest news & developments
Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Mid-term budget: Godongwana introduces early retirement plan

An amount of R11 billion will be set aside to allow people early exit from public service

Finance Minister Enoch Godongwana. Photographer: Dwayne Senior/Bloomberg via Getty Images

Tapping into gold and foreign reserve to pay debt servicing costs is risky for South Africa

Economists say the government can expect to incur inflationary and exchange rate costs from the move

Statistics South Africa has overhauled its GDP data, which now show that the economy was 11% larger in 2020 than previously estimated. (David Harrison/M&G)

New GDP data and missing mining figures sow uncertainty among forecasters

Statistics South Africa has overhauled its GDP data, which now show that the economy was 11% larger in 2020 than previously estimated

President Cyril Ramaphosa intends taking on legal review the section 89 independent panel’s adverse report on Phala Phala released earlier this week.
(Brenton Geach/EPA)

Consolidating government finances is a tall order

Ramaphosa needs to build broad political consensus if he is to have any chance of pursuing his fiscal and structural reform agenda

Battle looms over stand on public sector wages

Battle looms over stand on public sector wages

Pravin Gordhan is standing firm on curbing hikes in public sector wages, raising the hackles of Cosatu, which is girding itself for war on the issue.

Little real fabric on manufacturing plans

South Africans will have to wait for a while until they see how the department of trade and industry implements the industrial policy.

SA economy set to resist GDP gloom

NHI budget comments confuse health researchers

Although the National Health Insurance scheme is set to go ahead, researchers have been left confused by the finance minister’s budget speech.