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However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…
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DOI: 10.1108/OXAN-DB257211
ISSN: 2633-304X
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Although this was above market expectations and the economy has avoided entering a technical recession, fears persist over the slow pace of reforms by President Cyril Ramaphosa’s…
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DOI: 10.1108/OXAN-DB246195
ISSN: 2633-304X
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SOUTH AFRICA: Budget gains wide investor approval
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DOI: 10.1108/OXAN-ES259794
ISSN: 2633-304X
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SOUTH AFRICA: Budget plans may give brief reprieve
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DOI: 10.1108/OXAN-ES250958
ISSN: 2633-304X
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However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…
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DOI: 10.1108/OXAN-DB259790
ISSN: 2633-304X
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A week previously, new Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) showed a worrying deterioration in deficit and debt ratios. However, President…