Finance minister Enoch Godongwana will deliver his speech at 14h00.
The government wage bill will also become a sharp focus, with public service unions banging on the treasury doors for a more significant cut. It will also add to the state’s debt burden of almost R5 trillion and to its repayment costs, which consume about 18% of main budget revenue. The National Treasury is expected to make the relief contingent on Eskom meeting performance targets.
Ahead of Finance Minister Enoch Godongwana's budget speech, ActionSA and Build One SA have called on the government to intervene amid financial pressure on ...
It is morally and ethically obligatory that he does," he added. This is while more than half of South Africa lives below the upper poverty line," he said. "Every South African is feeling the pinch.
Finance Minister Enoch Godongwana will deliver the 2023 Budget Speech to the National Assembly in the Cape Town City Hall.
[File Image]: Coloured teddy bears in a room. Children from areas in and around Durban have a wish list for the Finance Minister Enoch Godongwana ahead ...
I would also help children’s home that all children can be safe.” One child says, “If I had money I would use it to help all the other children. I would buy food, clothes, toys.
Minister of Finance, Enoch Godongwana will be tabling the highly anticipated 2023 Budget speech today.
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Investors in South Africa's cash-strapped power utility are on high alert for Finance Minister Enoch Godongwana's plan to reorganize its mountain of debt.
It will also add to the state’s debt burden of almost 5 trillion rand and to its repayment costs, which consume about 18% of main budget revenue. The National Treasury is expected to make the relief contingent on Eskom meeting performance targets. The government guarantees about 80% of Eskom’s loans and 13 of 17 economists surveyed by Bloomberg say it can take on at least half of the utility’s obligations without compromising efforts to reduce state debt and budget deficits.