Mail & Guardian
Mail & Guardian
fiscal clifflatest news & developments
South Africa’s treasury is guilty of bad budgeting, and its budgets are criminally incongruous with the vision, policy objectives and goals of the 2012 National Development Plan. (David Harrison/M&G)

The Fiscal Cliff | Treasury is working against the National Development Plan

The treasury continues to underfund health and education

Public Enterprises Minister Pravin Gordhan. (Gulshan Khan/AFP)

The Fiscal Cliff | State-owned entities: A war zone between political and economic elites

The corporatisation of SOEs has disempowered the South African public and benefited corporate power and private finance

Eskom is awaiting government approval to get the 100 megawatts of power offered by the Mozambique energy ministry in July.

The Fiscal Cliff | Eskom: The fiscal monster the treasury can’t vanquish

Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse

Matrics get their results

Weekend 101: Results are in

Matrics get their results, the world rages over the Delhi gang-rape victim, America avoids the fiscal cliff and SA’s road death toll rises.

With the dollar under pressure

‘Fiscal cliff’ deal may affect SA

A higher gold price is unlikely to offset the effects of cautious American consumers and a weaker rand.

US is nowhere near a grand solution to fiscal crisis

Fans of cliff-top dramas should settle back and prepare for another episode as the March deadline approaches.

Bill keeps US safe from fiscal cliff, should buoy Wall Street

US stocks are poised to begin the year with gains after the late passage of a Bill to avoid harsh tax hikes and crimped economic growth.

US Senate approves Bill to avert fiscal cliff

The US Senate overwhelmingly approved legislation to avert the "fiscal cliff" by stopping most of the tax hikes and across-the-board spending cuts.

Senate Majority Leader Harry Reid is surrounded by reporters and photographers as he walks out of the Mansfield Room after a caucus meeting in the US Capitol.

Markets stable despite looming ‘fiscal cliff’

Markets have appeared to be taking in stride the prospect that US politicians will fail to agree a budget deal in time.

Congress must pass a stopgap funding measure before the new fiscal year begins or much of the US federal government will close down. (AFP)

Asian investors sell off stocks before US ‘fiscal cliff’ hits

With just hours left before the US hits the "fiscal cliff", investors on the other side of the world sold off stocks to lock in profits.

US President Barack Obama.

Economic week ahead: On the edge

America’s "fiscal cliff", the name given to the hundreds of billions of dollars in tax rises and spending cuts, will dominate the economic week.

President Barack Obama and congressional leaders have agreed to make a final effort to prevent the US from going over the ‘fiscal cliff’.

Senate leaders work to avoid New Year’s ‘fiscal cliff’

Congressional negotiators burrowed into their offices on Saturday to see if they could stop the US economy from falling off of a "fiscal cliff".

US President Barack Obama met with congressional leaders for talks aimed at avoiding the “fiscal cliff”.

No pain, no gain: Obama’s push to get US fiscally fit

President Barack Obama, pushing for a deal to avoid the looming tax hikes and spending cuts entered last-minute talks with Senate leaders on Friday.

All eyes will be on the US in the last week of 2012.

Economic week ahead: Happy Christmas?

In the last week of 2012, investors will be waiting for word from the United States on its tax rises and spending cuts due to begin next year.

Complying with deadlines on tax and spending may result in the US economy contracting 4%

Who’s afraid of the big bad cliff?

With the United States election now over, the world waits with bated breath to see how the country will address its looming "fiscal cliff".