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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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Geographic
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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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Geographic
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SOUTH AFRICA: Eskom questions will overshadow budget
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DOI: 10.1108/OXAN-ES276273
ISSN: 2633-304X
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Geographic
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The deal will see the state assume or help pay ZAR254bn (USD13.7bn) of Eskom’s debt and comes amid a debilitating increase in breakdowns of generating capacity that mean the…
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DOI: 10.1108/OXAN-DB276623
ISSN: 2633-304X
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This level was briefly reached in 2017, as well as during the 2008-09 global financial crisis. Interest rates are expected to rise further until inflation moves back within…
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DOI: 10.1108/OXAN-DB274430
ISSN: 2633-304X
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The strikes exacerbated the already-serious strain on electricity generation, leading to the highest level of nationwide power outages since 2019. Economic damage and public…
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DOI: 10.1108/OXAN-DB271410
ISSN: 2633-304X
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Until recently, worsening indicators were confined to small-town and rural areas, but now, as the report highlights, the problem has spread to major metropolitan local government…
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DOI: 10.1108/OXAN-DB262722
ISSN: 2633-304X
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SOUTH AFRICA: Ramaphosa faces crucial Eskom challenges
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DOI: 10.1108/OXAN-ES249513
ISSN: 2633-304X
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Prospects for African economies to end-2022.
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DOI: 10.1108/OXAN-DB271099
ISSN: 2633-304X
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Geographic
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SOUTH AFRICA: Interest rates, power hike to hit retail