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Finance Minister Enoch Godongwana.   (File photo by Madelene Cronje)

Godongwana must deliver a stimulus-led mid-term budget

A growth-oriented bid-term budget statement would go a long way towards creating a fertile environment for new investments

The rebuild begins: Experts estimate that repairing or rebuilding looted stores will take between a few months and two years, depending on the severity of the damage. (Delwyn Verasamy/M&G)

Employment bloodbath on the cards

The unrest in Gauteng and KwaZulu-Natal has deepened the country’s unemployment crisis as the government mulls additional relief funding

Finance Minister Tito Mboweni. (Waldo Swiegers/Bloomberg via Getty Images)

Dance with the ‘devil’: Why SA has fought off the IMF for so long

The ANC has, until now, always rejected going to the International Monetary Fund, which underscores how bad our economic situation is

(Delwyn Verasamy/M&G)

South Africa’s Covid-19 economic stimulus plan — opportunity out of crisis

The president’s R500-billion economic package offers a new deal for desperate South Africans across the class divide

Finance Minister Tito Mboweni committed to pinning growth reforms on fiscal and monetary stability.

Mboweni’s medium-term budget a bitter pill

This policy statement highlights the difficult economic and fiscal choices confronting us over the medium term, the finance minister said

Nevertheless Mboweni is expected to put flesh on the bones of president Cyril Ramaphosa’s recently announced R50-billion stimulus package and R400-billion infrastructure fund. (David Harrison/M&G)

Despite Twitter appeal, Mboweni has little wiggle room in medium term budget

Much of the MTBPS was finalised before Mboweni’s appointment was announced following the resignation of his predecessor Nhlanhla Nene

The outcome is a boost for the president’s renewal agenda going into next year’s election. (Delwyn Verasamy/M&G)

Odds stacked against Cyril’s stimulus offer

To make it work, politicians must stop meddling and people with expertise must be brought in

Editorial: It’s dangerous to other foreigners (Photo Archive)

Editorial: New leader must convert old goals

Cyril Ramaphosa has to get his entire Cabinet and the ruling ANC to pull in the same direction to make it work

South African President Cyril Ramaphosa and Chinese President Xi Jinping have agreed that China will invest more than R370-billion in South Africa. (Andy Wong/POOL via Reuters)

Ramaphosa constructs big plans

The president intends to rescue the economy with infrastructure, accountability and investors

“With respect to reference to litigation, this means that the IDC has instituted legal action to recover the R37.5-million as well as the R250-million in accrued interest,” says Patel. (David Harrison/M&G)

New leaders, same goals, new stimulus

The package has echoes of previous promises but ministers say that this time they will be kept

Fitch said the president’s announcement did not change its growth forecast for SA of 0.7% for 2018 and 2.1% for 2019. (David Harrison/M&G)

Ramaphosa’s stimulus plan unlikely to boost growth significantly — Fitch Ratings

The ratings agency also flagged the recent rand depreciation as something which could complicate policy meant to tackle low GDP growth

(Gemma Ritchie/M&G)

Gordhan: Stimulus plan all about implementation

President Ramaphosa on Friday announced a raft of measures in an effort to reignite growth, restore investor confidence and create jobs

Infrastructure at the heart of Ramaphosa’s plan to boost the economy
 (Photo Archive)

Infrastructure at the heart of Ramaphosa’s plan to boost the economy

President Cyril Ramaphosa promises a ‘fundamentally’ transformed approach to the rollout of infrastructure projects in his new stimulus package

‘It is generally agreed that in order for our economy to grow at a rate that will lead to job creation on a meaningful scale, we need to significantly increase levels of investment’. (GCIS)

READ IN FULL: President Ramaphosa’s announcement of the economic stimulus package

President Cyril Ramaphosa announced the highly-anticipated economic stimulus and recovery plan on Friday

The memorandum was signed by Infrastructure in South Africa, an entity of the department of public works and infrastructure; the national treasury; and the Development Bank of Southern Africa. (Madelene Cronjé/M&G)

State has a mountain to climb

One estimate suggests about R60-billion is needed to kickstart the economy, but the fiscus is already overstretched

All articles in this week’s M&G are free to read

Unembargoed: September 14 to 20

A broken economy: China’s R370bn gift to Cyril. This and more in this week’s M&G

The Democratic Alliance said it has requested the commission to call on 11 ANC officials, including Ramaphosa. (Twitter/Presidency)

The president needs to provide a turnaround strategy now

Our politics editor Matuma Letsoalo elaborates on a story he wrote about what could be holding SA back economically and what needs to be done

South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook

Details of stimulus package on the way — Mokonyane

The South African economy contracted by 0.7% in the second quarter of 2018, following a revised 2.6% contraction in the first quarter

Be happy, worried liberals. Obama’s bill is a triumph

Well, it’s already happened. Barely two weeks into the job and President Barack Obama has compromised fundamental principles.