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“Much of South Africa’s economic future will depend on what happens in the next few years.” (Waldo Swiegers/Bloomberg via Getty Images)

SA needs economic transition 2.0

Thirty years since democracy, the country needs a radical shift to steer it out of stagnation

Unemployed men inJohannesburg wait on a street corner for work for part-time work. Photo: Naashon Zalk/Bloomberg/Getty Images

The Fiscal Cliff | Shallow state purse deepens jobs crisis

In this instalment of The Fiscal Cliff – a Mail & Guardian series on how South Africa’s budget has been shaped – Sarah Smit considers the intimate link between the country’s…

South Africa is widely recognised as the most unequal society in the world, with a startling 71% of the country’s wealth concentrated in the hands of a mere 10% elite

Austerity, the NDP’s grim reaper

Ten years after its adoption, the government has failed to achieve the targets set out in the National Development Plan. Looming spending cuts will render the NDP even more futile

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

Nehawu members protest outside George Tabor Technical College in Soweto on 8 March 2023. (Fani Mahuntsi/ Gallo Images)

Public sector crunch inflicts pain

The government is walking a tightrope as civil servants embark on industrial action over pay

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

Crunch time: Finance Minister Enoch Godongwana (left) will deal with Eskom’s debt of almost R4-billion. President Cyril Ramaphosa (right) has said the treasury is working on a sustainable solution for the debt.

What analysts will be watching out for at the mini budget

Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement

The former national treasury director-general and chairman of the Government Employees Pension Fund, Dondo Mogajane, has resigned from all professional roles and board positions. (Dwayne Senior/Bloomberg/Getty Images)

Treasury needs an insider director general

But the department’s already reduced ranks may make it difficult to find someone with the technical know-how and clout to replace Dondo Mogajane

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

Sugar high: NGO Heala is lobbying for the sugar tax to be increased from 11% to 20%. (Mujahid Safodien/AFP)

Health experts call for a 20% hike in sugar tax

The levy has generated R5.4-billion in revenue since its inception two years ago, and an increase will help the fight against Covid-19