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Set for presentation: Finance Minister Enoch Godongwana arriving at Parliament to deliver the budget. He is
flanked by South African Reserve Bank governor Lesetja Kganyago, left, and South African Revenue Service
commissioner Edward Kieswetter. Photo: GCIS

Budget: debt peaks but growth lags

The projected economic growth trajectory remains insufficient to address structural unemployment

Finance Minister Enoch Godongwana. Photo: Supplied by the  Government Communication and Information System (GCIS)

Economists split on whether 2026 budget marks a real turning point

The growth outlook is insufficient to alter unemployment dynamics, some argued

Aerial view: A city view of Port Louis with harbour, old town and financial district. Photo: Arne Müseler / www.arne-mueseler.com

African ratings agency a feasible option?

But international investors are unlikely to accept ratings they perceive as lenient

Ameen Hassen, Head of Shariah Banking at Standard Bank

Islamic and conventional finance: moving past the perceived differences will unlock growth on the continent

Shari’ah financing can help Africa achieve important development goals

Decisions: The coalitions the ANC choose to form seem likely to shape which way the South African economy will go. (Waldo Swiegers/Bloomberg via Getty Images)

ANC weighs up doomsday scenarios as economy falters

As coalition discussions intensify, the party could end up making significant policy concessions to navigate South Africa’s uncertain future This content is restricted to…

The Big Three ratings agencies, Moody’s, S&P Global and Fitch (above), have extensive influence over how creditors assess Africa’s risk profile. (photo by Mike Kemp/In Pictures via Getty Images)

Development Bank backs African credit ratings agency

The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile

ANC president Cyril Ramaphosa at the party’s manifesto rally at Moses Mabhida Stadium. Photo: Supplied

Elections: ANC, DA and EFF go toe-to-toe on the economy

With the country’s economy on the brink, the ‘Big Three’s’ employment and growth promises hold more weight than ever

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

Developing countries that are the most vulnerable to climate change are angry about a new text released at COP29 on Friday, which says developed countries must pay $250 billion a year until 2035 for climate action.(Waldo Swiegers/Bloomberg via Getty Images)

SA’s R210 billion grid dilemma hits pause on load-shedding fix

Renewable energy could close the gap between demand and supply, ending load-shedding. But out-of-pocket Eskom must find money to upgrade its transmission infrastructure first

Businesses must demonstrate resilience amid local systemic challenges to attract foreign investment. (Waldo Swiegers/Bloomberg via Getty Images)

SA’s economy contracts 1.3%, adding to bleak growth outlook

Decline in the country’s GDP – largely due to record-levels of load-shedding – puts the size of the economy back below pre-pandemic levels

Eskom told the Mail & Guardian it had only received a R9 billion World Bank loan to decommission its coal-fired Komati power station. (Waldo Swiegers/Bloomberg via Getty Images)

Eskom to get a R254 billion lifeline

The debt relief amounts to almost as much as the power utility has received in bailouts since 2008

Since Finance Minister Enoch Godongwana announced last year that the government would relieve Eskom of a large portion of its debt, markets have been on the edge of their seats waiting for more detail. (Getty)

With little detail about Eskom’s debt plan expected, budget could disappoint

The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness

President Cyril Ramaphosa delivers his State of the Nation address. (Dwayne Senior/Bloomberg via Getty Images)

A BIG leap is Ramaphosa’s best step to economic growth

The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth

With two units at Koeberg nuclear power station likely to be out of commission at the same time, Eskom will struggle to keep the lights on, said Electricity Minister Kgosientsho Ramokgopa.

Editorial: Who is to blame for the Eskom crisis?

There’s not just one person to blame for decades of mismanagement of an electricity crisis that was made known some 25 years ago

The pandemic’s shock to the local economy was a big reason for the decision to downgrade the country to junk status.(Photo by MARCO LONGARI / AFP)

Long road ahead for South Africa to climb out of junk status

Economist don’t expect an upgrade anytime soon, but the country is in a better position to claw back its investment grade rating

Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened

A year after the riots, South Africa is a tinderbox waiting to be lit

Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened

February 23 2022 – Minister Enoch Godongwana speaks to the media at the Imbizo Media Centre in Parliament, Cape Town. (David Harrison)

Light at end of tunnel, but wage bill could blow the budget

The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook

Back foot: After his expulsion from the ANC, Julius Malema went to Gold Fields’ mine near Carletonville to campaign for the nationalisation of mines. (Delwyn Verasamy/M&G)

Without the ANC, Malema is a ‘destroyer of confidence’ no more

As the ANC’s Youth League leader, Julius Malema spooked investors a decade ago by popularising calls to nationalise the mines

The R28.1 million was for the city to service the stands, whereafter eThekwini would sell the land to private companies that would build houses. (File photo)

‘Terribly scary’: Dysfunctional municipalities are a threat to South Africa’s economy

The country’s local governments are a drag on investment, a strain on the fiscus and pose a critical sovereign risk

Finance Minister Enoch Godongwana. Photo: Madelene Cronje

Godongwana ‘will be just fine’

The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending