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Tags Budget Speech

Tag: Budget Speech

SA’s 2019 Budget reveals a government no longer in denial

Following the 2019 Budget Speech, it is very clear that the South African economy is still in a big hole, and getting out of it will still be an immense challenge. But, according to Mike Pothier of the Catholic Parliamentary Liaison Office, it seems the government is no longer in denial — and that's a good thing!

A need for democratic capitalism

When Zuma came into office, we had a budget surplus of R20 billion. He left us with a budget deficit of R50 billion and debt of R2,3 trillion. The national budget announced by Finance Minister Malusi Gigaba suggests it will take three years to get us back to where we were. "This is provided the looting doesn’t continue; and I don’t see why it shouldn’t, because Zuma left behind on this administration a brigade of looters, which Cyril has still not felt any urgency to rectify," says Mphuthumi Ntabeni who argues that this year's speech showed no imagination, except in the way that it insulted the poor. What we need now, more than ever, he says, is a complete shift in thinking.

Budget Speech 2018 – read the full text

On Wednesday afternoon, Finance Minister Malusi Gigaba delivered his maiden Budget Speech containing plans that will have far reaching impacts on all South Africans. Read the full speech here.

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