South African political parties have expressed mixed reactions to the 2024 Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on Wednesday, October 30
Finance Minister Enoch Godongwana 's 2024 MTBPS receives varied responses, reflecting differing visions for South Africa 's economic future among political parties. File Picture: Armand Hough / Independent NewspapersKey areas of focus include macroeconomic stability, structural reforms, infrastructure investment through public-private partnerships, and strengthening local government.
Reactions to the MTBPS vary among political parties. The African National Congress supports it, viewing the statement as a pro-growth agenda aimed at addressing the country’s economic challenges. They emphasised key reforms, including ending Eskom’s monopoly to enhance electricity competition, opening the rail network to private sector involvement, ceasing bailouts for failing state-owned enterprises , committing to debt reduction and fiscal responsibility, ending E-Tolls in Gauteng without additional costs to road users, and shifting government spending towards infrastructure investment rather than consumption.
They argue that the MTBPS abandons the National Development Plan and neglects the establishment of a state bank or sovereign wealth fund, both seen by the party as crucial for financial inclusivity and economic stability.
Public Finance Economic Growth Government Government Budget Taxation Unemployment Poverty Government Debt Infrastructure Projects Economy State-Owned Enterprise Local Government Policy Anc Da Eff Eskom South Africa Enoch Godongwana Tax Budget Service Delivery Politics Free Market Economy Parliament
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Entelect challenge finals: South Africa’s top coders battle it out at Comic Con AfricaThe 2024 Entelect Challenge culminated in the finals, held on the main stage at Comic Con Africa on Saturday, 28 September.
Read more »
Simply Asia menu and prices in South Africa (updated for 2024)The Simply Asia Thai Food & Noodle Bar offers an irresistible blend of classic authentic Thai favourites and adventurous new cuisines. Discover the Simply Asia menu.
Read more »
What’s Next — Old Mutual’s Celiwe Ross discusses the 2024 SingularityU South Africa eventOld Mutual Director Celiwe Ross discusses what the 2024 SingularityU South Africa event is about, and why Old Mutual decided to sponsor it.
Read more »
Black Friday 2024 ultimate marketing survival guide in South AfricaAvoid digital marketing chaos this Black Friday – let MyBroadband do the work for you.
Read more »
BAD news for petrol prices in South Africa in November 2024The latest data suggests that South Africa’s motorists are almost certainly in for a fuel price hike in early November 2024.
Read more »
2024 marks 34 years since South Africa's first Pride MarchSouth Africa's first Pride March took place on October 13, 1990, marking a historic moment not just for the country but for the entire African continent.
Read more »