insert_link South Africa S.A Finance minister Enoch Godongwana says regaining public trust in financial regulation requires deep structural reforms S.A Finance minister, Enoch Godongwana, says regaining public trust in financial regulation requires deep structural reforms, and a shift towards greater accountability, transparency, and public inclusivity. He addressed the South African Reserve Bank’s launch of the Corporation for Deposit Insurance yesterday. This is South Africa’s deposit insurance scheme, created and mandated by law to protect qualifying bank depositors in the unlikely event of their bank failing. Godongwana says trust is […] todayApril 26, 2024 34
insert_link South Africa Warning Issued on Two-Pot Retirement System Impacting South African Government Dependency Everest Wealth cautions that the two-pot retirement system may contribute to heightened government dependency in South Africa. The concern arises following Finance Minister Enoch Godongwana's announcement that the system is anticipated to generate a five-billion-rand tax windfall for the government. Riaan Grobler, the head of advisory services at the firm, highlights the risk of frequent withdrawals diminishing long-term savings, potentially increasing reliance on social grants. He emphasizes the need for […] todayFebruary 23, 2024 5
insert_link South Africa ActionSA Criticizes Finance Minister’s Budget as Uninspiring and Continuation of ANC’s Misguided Priorities Opposition party ActionSA voices disappointment in SA's Finance Minister Enoch Godongwana's budget speech, labeling it as uninspiring and reflective of the ANC's misguided spending priorities. The party expresses particular concern over the decision to shift 150 billion rand from the South African Reserve Bank's Gold and Foreign Exchange Contingency Reserve Account, aimed at improving the country's fiscal prospects. ActionSA President Herman Mashaba asserts that the ANC has exhausted options after […] todayFebruary 22, 2024 4
insert_link South Africa South African Finance Minister Acknowledges Load-Shedding Impact, Advocates Energy Sector Reforms in Budget SA Finance Minister Enoch Godongwana addresses the critical issue of load-shedding, recognizing its widespread impact on South Africans, disrupting production, operations, and livelihoods. During the delivery of the last budget of the 6th administration, Godongwana emphasizes the need for energy sector reforms to ensure long-term energy security. todayFebruary 22, 2024 7
insert_link South Africa Load shedding & Transnet caused huge losses – SA Budget 2024 National Treasury plans to draw down from a special R500bn account for the first time to reduce debt and associated servicing costs over the next three years, according to the 2024 budget delivered by the finance minister on Wednesday February 21 2024. todayFebruary 21, 2024 8
insert_link South Africa SA’s Finance minister says the International Monetary Fund predicts a global growth slowdown SA's Finance minister Enoch Godongwana says the International Monetary Fund predicts a global growth slowdown. This affects South Africa due to its trade with China, declining commodity prices and potential higher United States interest rates. He attributes the weak medium-term outlook to power cuts, poor logistics sector performance, high inflation, rising borrowing costs and a challenging global environment. Delivering his medium-term budget policy statement in Parliament, Godongwana said gross domestic […] todayNovember 2, 2023 1
