CLAIRE BISSEKER: Treasury vindicated for protecting the commodity windfall

Six months ago, Colin Coleman, a former regional Goldman Sachs CEO, annoyed SA’s economic orthodoxy by punting a R100bn basic income grant of R800 a month for SA’s unemployed, and further fiscal stimulus measures, funded partly out of windfall commodity-based revenues.

The National Treasury rejected this line of thinking when it opted in February for a temporary 12-month extension of the R350 a month social relief of distress grant at a total cost of R44bn. It said the commodity boom was likely to wane over the medium term and it would be imprudent to fund a permanent increase in expenditure off cyclical commodity revenues...

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cape Town's move to take charge of rail: Treasury supports probe, but Mbalula hits brakes | Fin24Treasury supports the feasibility study and Minister of Finance Enoch Godongwana said that attempts by Cape Town to respond to transport challenges are appreciated. | Fin24 Fin24 And what about JOHANNESBURG? The City is after all the FINANCIAL CAPITAL of SA? O wait, JOHANNESBURG DOES NOT WANT TO BE a WORLD CITY. Just an Africa city where residents are paying billions and yet we have nothing to show for it, being infrastructure ect. Fin24 Of course they would… cut the dead wood cause then there is more for them to loot 🤔 Fin24 I love the thinking of people of Cape Town
Source: News24 - 🏆 4. / 80 Read more »