Economy

Budget 2020: South Africa’s choices amidst fiscal consolidation failure

South Africa took a wrong turn at its fiscal crossroads a number of years ago, and the road taken has led us to chronic budget shortfalls and a growing debt burden.

The 2020 Budget will be an exercise in balancing Treasury’s books

South Africa is in critical need of a concrete plan from Treasury for the 2020/21 financial year if it is to overcome its existing economic challenges. Unfortunately, the 2020 Budget Speech, set to be presented by Minister of Finance Tito Mboweni on Wednesday, 26 February, is more likely to be an exercise of balancing Treasury’s books, rather than presenting real solutions to the country.

Budget 2020 - Navigating a challenging path to a sustainable fiscal position

The challenges facing the South African (SA) economy are well documented, and perhaps larger than any faced in the post-democratic history of the country.

Now or never’ 2020/21 budget needs to pull SA out of a spiralling debt trap