Finance Minister Enoch Godongwana is expected to indicate how the Government of National Unity plans to control debt and grow the economy when he delivers the Medium-Term Budget Policy Statement in Parliament this afternoon.Gross domestic product has averaged less than 1% over the past decade.The South African Reserve Bank says a sustained increase in real net investment needs to underpin recovery following years of decline.“Government should assist our people financially.
Meanwhile, a coalition of trade unions and social movements are expected to march to Parliament today against government’s proposed budget cuts. The action comes amid fears among unions of further budget cuts, reduced social spending, and increased economic strain on working-class families. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
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