Tuesday, March 9, 2021
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Tags Gigaba

Tag: Gigaba

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 2018: From a new dawn to an old dusk

South Africa was gripped by a renewed sense of national pride after the election of Cyril Ramaphosa as the country's new president. The 2018 Budget Speech, however, has brought many South Africans back to earth. Russell Pollitt takes a first glance at the budget and asks if the poor are really being cared for.

Balancing budgets to benefit the usual suspects

Mphuthumi Ntabeni looks at the good, the bad, and the hugely problematic aspects of South Africa's current economic planning.

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