The Eskom and cost-of-living crises facing South Africa mean Finance Minister Enoch Godongwana has tough choices to make when he delivers his 2022 Medium-Term Budget Policy Statement next Wednesday . Record levels of load shedding impede growth prospects and there is talk that the minister will announce a R200 billion debt reduction in order for Eskom to return to the open market for financing.
Social grants offer cash, but they aren’t a magic bullet Mhlanga says poverty and inequality are longstanding economic and political problems, but there is universal acceptance that they threaten social stability. However, he argues that these two problems have been bundled together with single solutions provided for both. Alexforbes is of the view that each one requires a different set of solutions.