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Govt drops ball on Covid-19 relief promises, says BJC

The supplementary budget announced by Minister of Finance Tito Mboweni on 24 June 2020, including a revised fiscal framework and spending plans, reveals that only R36-billion of the much lauded R500-billion economic relief package is new money allocated in the fiscus this financial year. According to Budget Justice Coalition (BJC), this is not even close Read more >

BJC disappointed by Mboweni’s bleak budget

The 2020 budget proposals risk further harm to the economy by slashing funding for socio-economic development. The minister of finance, Tito Mboweni began his 2020 budget speech with a return to the analogy of the resilient aloe ferox that “survives and thrives when times are tough”. The Budget Justice Coalition (BJC) contends that while the Read more >

Funds to fix crime and corruption

First published by SA News National Treasury has availed an additional R2.4-billion for utilisation by the National Prosecuting Authority (NPA), Special Investigating Unit (SIU) and the Hawks, as the government intensifies its war against crime and corruption. Delivering the 2020 Budget on Wednesday, Finance Minister Tito Mboweni said these funds would enable the appointment of Read more >

Mid-term budget policy speech: full text

Read the full text of finance minister Tito Mboweni’s maiden mid-term budget speech below, or download it as well as the budget policy statement: 2018 MEDIUM TERM BUDGET POLICY STATEMENT The economy at a crossroads Madam Speaker President of the Republic Deputy President Cabinet Colleagues and Deputy Ministers Deputy Speaker Governor of the South African Read more >

Nene resigns, Tito Mboweni is new finance minister

Nhlanhla Nene’s resignation as finance minister has been accepted by President Cyril Ramaphosa. Former Reserve Bank governor Tito Mboweni was announced as the new finance minister on Tuesday, following a week of speculation over the fate of Nene. For one, this means that the medium-term budget statement will be presented by South Africa’s third finance Read more >