Finance minister Enoch Godongwana will deliver his speech at 14h00.
The 2023 budget speeches expected to be tense and eventful, with the finance minister in the hot-seat to address South Africa’s mounting issues.Investors in South Africa’s cash-strapped power utility are on high alert for Godongwana’s plan to reorganise its mountain of debt.
The government guarantees about 80% of Eskom’s loans, and 13 of 17 economists surveyed by Bloomberg say it can take on at least half of the utility’s obligations without compromising efforts to reduce state debt and budget deficits. The National Treasury is expected to make the relief contingent on Eskom meeting performance targets. Godongwana has previously said the transfer of funds to the state’s balance sheet will be staggered and that Eskom’s bondholders won’t be asked to accept losses, which would be tantamount to a default.
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.
SA can afford BIG only if economy grows, says DAThe party also urged finance minister Enoch Godongwana not to raise taxes in his 2023/2024 budget to be tabled in parliament on Wednesday
Read more »
Budget protesters demand a basic income grantBudget protesters demand that the Minister of Finance Enoch Godongwana to include basic grant income before the 2023 budget speech.
Read more »
Kids send wish list ahead of Budget Speech - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Children from areas in and around Durban have a wish list for the Finance Minister Enoch Godongwana ahead of his 2023 Budget Speech in Cape Town on Wednesday afternoon. Budget2023 BudgetSpeech
Read more »
WATCH LIVE: Panyaza Lesufi delivers Gauteng Sopa 2023 speech | The CitizenWATCH LIVE: Gauteng Premier Panyaza Lesufi delivers the Gauteng State of the Province Address. PanyazaLesufi SOPA SOPA2023 Click here to watch the live stream⬇️
Read more »
Budget Speech 2023: Where and how to watch the address at 14:00 todayFinance Minister Enoch Godongwana will deliver his second full budget speech from Cape Town City Hall on Wednesday afternoon.
Read more »