Finance minister Enoch Godongwana’s maiden budget speech has met with mixed reaction, with some political parties saying it was a damp squib, while others sang his praises.
“About 46% of the population is dependent on a social grant, is what the minister said.”
But he said there were positives. “We do welcome that the government recognises that ordinary citizens can only afford so much, so theThe UDM’s Nqabayomzi Kwankwa said South Africans should give credit to Godongwana for delivering a “not-too-shabby budget”. “I think the minister touched on all the relevant and important points including the issue of debt stabilisation and that some of the revenue that was generated will be used towards that,” he said.
University of Stellenbosch Business School’s Dr Nthabiseng Moleko said the 2% growth Godongwana was targeting for this year is “pretty much” where the country was in 2019. “There is no change. In 2019 we were in an economic crisis except that we didn’t have 12-million in unemployment. We are seeing a worsening of the situation ... we are not seeing the types of reforms that are going to present different outcomes.”Content hosted by iono.fmStay in the know this budget season via a subscription to the Sunday Times. Get all the news, opinion and analysis you need: now at 50% off.
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