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Growth budget

The trouble with Godongwana’s ‘growth’ budget

Everyone wants a ‘growth budget’. But what does that actually look like? And is Budget 3.0 the answer?

Finance minister Enoch Godongwana. Picture: Gallo Images/Brenton Geach.

Growing pains … but Budget 3.0 is set to pass

The market is taking heart Treasury won’t be borrowing more, while higher fuel levies and more money for Sars will help plug the VAT gap

Solar incentives. Picture: Currency

Budget red light over green power

Enoch Godongwana’s budget speech looked like a leap forward for renewable energy. But take a deeper dive, and it’s less convincing

Construction. Picture: Pexels/SevenStorm JUHASZIMRUS

Private investment is key to South Africa’s R1-trillion infrastructure package

More than a decade of economic stagnation has limited ordinary South Africans’ access to essential goods, services and jobs. Will Operation Vulindlela be able to break this…

Enoch Godongwana. Picture: Picture: Gallo Images/Brenton Geach

Vat so 2.0 (or 0.5, twice) – but DA still holds out

Budget 2.0 was finally tabled, with VAT still going up, but by only 0.5 percentage points a year over two years. The DA, however, won’t support this

Budget Cost Containment. Picture: Currency

The budget that almost wasn’t – and maybe still isn’t

Godongwana may have said the right things about cost containment in his budget speech, but he lacked detail about cost-containment targets

Picture: Currency

Budget reaction: ‘an exercise in futility’ 

Is this simply a stale budget dressed as bold reform? VAT is rising, workers will take home less pay, and the economy is still at a tipping point

budget. need to know.

Budget 2.0: 10 things you need to know

The time-strapped person’s guide to the budget

Two-pot. Withdrawals. Piggy bank. Picture: Currency

Withdrawal syndrome

Having raked in billions from the two-pot withdrawal frenzy, Treasury is now thinking of enabling people to access their once-untouchable retirement pot

Enoch Godongwana. Photo by Gallo Images/Brenton Geach. Edward Kieswetter. Photo by Gallo Images/Jeffrey Abrahams.

Hot mic or not, Kieswetter was right on taxes

What the VAT standoff has done is force a reckoning over the trade-offs needed to balance South Africa’s books

Enoch Godongwana. Picture: Gallo Images/Brenton Geach

Budget interruptus: mayhem as GNU rejects VAT hike

It was mayhem in parliament on Wednesday as the National Treasury’s budget was pulled – hours after being released to journalists and economists

VAT. Image by Currency News

VAT so!

Non-consensual tax is a no-no, finance minister Enoch Godongwana has learnt the hard way.

Budget. Fiscal anchor. Picture: Currency

Fiscal anchor: stability without shackles 

We all need a budget limit, and so does the government – a fiscal anchor. But that doesn’t mean there’s no flexibility to respond to economic shocks

Budget. Picture: Currency

How rubber is Godongwana’s arm?

Enoch Godongwana will deliver his budget amid a flurry of demands from his own party for money at Transnet and elsewhere. How rubber will his arm be?

Image by Currency News

The déjà vu deficit: keeping South Africa on the budget tightrope

SA’s deficit – the gap between what we spend and what we get in – is likely to be ugly when Enoch Godongwana unveils next week’s budget

What is government doing with the health promotion levy?

How health taxes can generate much-needed revenue for social protection