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Finance Minister Enoch Godongwana.
2023 BUDGET

Budget 2023: ‘neutral good’ versus ‘neutral evil’

The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?

  • Sarah Smit
5 min read
Finance Minister Enoch Godongwana. (David Harrison/M&G)
BASIC INCOME GRANT

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

  • Sarah Smit
7 min read
The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.
BANK OF ENGLAND

At 6.5%, inflation seals another ‘aggressive’ interest rate hike

Inflation has breached the ceiling of the Reserve Bank’s target range for the first time in more than five years

  • Sarah Smit
6 min read
CARMEN NEL

Power cuts may spook investors

An electricity shortage that has led to frequent power disruptions in South Africa could chase away investors, denting growth and portfolio inflows and weakening the rand.…

  • Phumza Macanda
3 min read