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Contingency reserves won't be spent on Eskom and Transnet: Godongwana

South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, says finance minister Enoch Godongwana. ....

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Economics standing on its head

The rand has taken a steep dive against the dollar, the pound and the euro since finance minister Enoch Godongwana presented his budget on Wednesday. ....

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A pot of gold saved the Treasury, but will the rainbow stay?

You have to wonder what the government will do when debt service costs bother us again, asks Sam Mkokeli. ....

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Budget only kicks SA growth and debt cans down the road

The raid on the gold and foreign exchange fund is easy money, but steps need to be taken to boost SA’s economy, writes Patrick Bulger. ....

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Budget's reserve account withdrawal reflects failure of the Treasury

The most unusual element of this year’s National budget also illustrates the National Treasury’s failed approach to budget policy and its unwillingness to leverage the budget as a vehicle for growth, employment and development, writes Gilad Isaacs. ....

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