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budget 2latest news & developments
Finance Minister Enoch Godongwana.
2023 BUDGET

Godongwana says risk of grey-listing is real

The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe

  • Emsie Ferreira
3 min read
For a continent that boasts abundant renewable energy sources like hydropower, solar and wind, this cannot continue. Key challenges are infrastructure-related and poor investment. (Photo by Denis Doyle/Getty Images)
2023 BUDGET

Energy crisis triggers R13 billion tax relief

The majority of the relief comes in the form of incentives given to businesses and households investing in alternative energy

  • Sarah Smit
3 min read
Finance Minister Enoch Godongwana. (Dwayne Senior/Bloomberg via Getty Images)
BUDGET 2

Eskom bailout delays government’s efforts to stabilise debt

However, the treasury still expects the country to achieve a main budget surplus from this year onwards

  • Sarah Smit
2 min read
Staying put: Finance Minister Enoch Godongwana is under pressure from some political parties to resign over the VAT drama and the national budget. (Dwayne Senior/Bloomberg via Getty Images)
BUDGET 2

Enoch Godongwana and the finance ministry’s problematic relationship with Eskom needs to change if we are to get any relief

M&G Editor-in-Chief Ron Derby expects Godongwana to follow a rather similar course that his predecessors have set, by kicking the can down the road, yet again at his budget speech

  • Ron Derby
3 min read