Page 2 - Andre Roux News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sarb surprises market and ordinary South Africans with a 50bps increase in the repo rate.

Civil right unions, organisations, financial experts and political parties have described this year’s budget speech as the hardest one, any minister of finance has ever had to deliver because of the current economic climate in the country.

Eskom is South Africa's highest priority as power cuts continue to batter the limping economy.

André Roux, who has died in London at the age of 68, was deputy director-general of the National Treasury and head of the budget office in the 90s. He played a key role in formulating the post-apartheid government's macroeconomic strategy, the bold but fiercely contested Growth, Employment and Redistribution (GEAR) policy, which the government of Nelson Mandela adopted in 1996.

Economists say South Africa simply cannot afford to give in to unions' demands.