21 (Xinhua) -- South Africa's economy is estimated to have grown by 0.6 percent last year and will increase to 1.6 percent over the next three years, Finance Minister Enoch Godongwana said here Wednesday.
Source: en.gmw.cn
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Budget 2024: SA's gold and forex reserves not free money – warning
Dipping into SA’s gold and forex reserves to borrow less is not a good idea and this should rather be used to grow the economy, experts say.
Source: citizen.co.za
Another pivotal budget
But there will be no pivot. It will be a long, hard slog to get government finances where they should be.
Source: moneyweb.co.za
Budget 2024: Treasury gets a turn to be bailed out
It is usually Treasury that has to find the money to bail out government entities, but this time government reserves will bail out Treasury.
Source: citizen.co.za
Budget: Grants, public sector wages get 60%
In a clear bid to make this a people-friendly Budget in an election year, 60% of the Budget – R3.7-trillion – will be spent on the salaries for teachers, doctors and nurses, and social grants.
Source: dailymaverick.co.za