ON WEDNESDAY, February 21, Finance Minister Enoch Godongwana presented his third Budget speech in Cape Town, revealing a challenging fiscal landscape.
The government, grappling to balance its books, displayed a mix of caution and optimism about the nation’s public finances. South Africa’s economy is precariously poised, with growth estimates from analysts and researchers pointing downward. In a crucial move ahead of the May 29 elections, the government has outlined a plan aiming to address macro-economic stability.