economy
Finance Minister Enoch Godongwana managed to tread a fine line with his 2024/2025 Budget Speech this past week.
Pundits touted the platform as his opportunity to demonstrate the country’s commitment to reining in liabilities, as demands on public finances increase ahead of the national election schedule for May 29.
His budget centred around a plan of action to tackle the fiscal deficit.
Macroeconomic aggregates were very much in line with what economists expected – weak economic growth, sustained high inflation that impacts interest rates and high levels of unemployment and poverty – which motivated extending and increasing the social wage
