[ad_1] South Africa’s public finances are in a poor state, with the government failing to meet its tax-collection targets and tighter financial conditions making it difficult to borrow more and…
Tag: enoch godongwana
South Africa’s Ruling ANC Says Welfare-Grant Extension Non-Negotiable
[ad_1] South Africa’s ruling African National Congress, which is gearing up to contest elections later this year, said the extension of a monthly welfare grant is non-negotiable and the required…
SA’s case against Israel won’t affect investment bid at Davos, says Godongwana | Business
[ad_1] Finance Minister Enoch Godongwana. South Africa doesn’t believe its International Court of Justice (ICJ) bid against Israel will hamper efforts to sell itself as an investment destination when it…
How the ANC Ensnared Itself in a Fiscal Trap: Next Africa
[ad_1] Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. South…
Tax Shortfall Lumps South Africa With No-Good-News Budget
[ad_1] South African Finance Minister Enoch Godongwana is in a bind as he reworks the nation’s budget in the face of lower-than-expected tax revenue and pressure from the ruling party…
Ramaphosa Woos Business; Political Anxiety: SA Investment Latest
[ad_1] South Africa attracted 1.51 trillion ($84 billion) of new investment pledges over the past five years, 26% more than a target set in 2018, President Cyril Ramaphosa said. New…
South Africa Will Borrow More, Spends Less to Tackle Revenue Shortfall
[ad_1] South Africa’s National Treasury said it will ramp up borrowing, trim spending and raise taxes to compensate for a revenue shortfall, spiraling debt-servicing costs and a higher state wage…
South Africa Names Acting Finance Chief With Godongwana on Leave
[ad_1] South Africa’s president appointed Kgosientsho Ramokgopa as acting finance minister, while Enoch Godongwana takes leave. Ramokgopa, appointed in March as the nation’s energy czar to end the nation’s electricity…
Finance minister places Habib Overseas Bank into curatorship to protect depositors | Business
[ad_1] Finance Minister Enoch Godongwana. Gallo Images/Brenton Geach The minister of finance has placed Habib Overseas Bank under curatorship. A company linked to Gupta associate Salim Essa tried to buy…