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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