Enoch Godongwana

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.

February 21, 2024 9

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 […]

November 2, 2023 1