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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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SOUTH AFRICA: Plans underscore reform imperative
Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…
Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…
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DOI: 10.1108/OXAN-DB283326
ISSN: 2633-304X
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Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…
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DOI: 10.1108/OXAN-DB282150
ISSN: 2633-304X
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However, despite being a formal government policy goal since the ruling ANC’s 2007 national conference -- and the subject of extensive critical debate and public consultation…
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DOI: 10.1108/OXAN-DB280812
ISSN: 2633-304X
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The adverse conditions that drove the rand to record lows in the second quarter of 2023 will likely persist through the remainder of the year, despite 0.4% growth in the first…
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DOI: 10.1108/OXAN-DB280031
ISSN: 2633-304X
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The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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However, debilitating strikes, escalating power outages and decrepit infrastructure have marred growth. The government’s slowness in addressing these issues, ruling party…
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DOI: 10.1108/OXAN-DB273969
ISSN: 2633-304X
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South Africa’s escalating power crisis has slashed its growth prospects, with the government making only slow progress on promised reforms and the president declaring a state of…