A temporary 350 rand monthly stipend was introduced in 2020 to help shield the poor from the fallout of the coronavirus pandemic, and the Department of Social Development and civil rights groups have been pushing for the payments to be made permanent. The Treasury has repeatedly questioned where the money would come from. Africa’s most-industrialized economy already spends the equivalent of almost 4% of its gross domestic product on welfare.
“There should be no substantial change to the current fiscal strategy,” the document reads. “Restoring fiscal sustainability over the medium term remains the key focus.”Finance Minister Enoch Godongwana is set to deliver the budget update on Oct. 26, and it’s unclear whether the Treasury’s views will prevail. The Treasury declined to comment on the document.
The document contains details of the additional funding being sought by state companies. They include:Arms company Denel SOC Ltd., which has asked for 3.4 billion rand.The South African Post Office, which says it needs 2.4 billion rand.
Overstretched budget due to looting and theft for 30 years.. there I fixed it for you
To be expected given the lack of expertise and theft of public money! Also have too many extra, unnecessary jobs throughout Govt.,,half of whom aren't even working their contracted number of hours a week.
The Rand issuing state claims it has no rands, and can’t spend more into the rand starved pvt sector even when demand, employment & growth is insufficient & our cost push inflation is being fuelled by the state’s refusal to invest/ employ in ways that reduce private sector costs.
BuddyWells1
zanynkosi How the h did they think money to pay grants to benefit all and sundry in the SADC region will come from ? Siphethwe Iz2pt nje !
While govt spends R12bn on VIP protection!
SA cannot afford to extend welfare grants but the ANC want to give a lot of money to Cuba, apart from the money the ANC people steal
Die pappot raak leeg Pappie!!
I’ll fix this someday.
Maybe if 98% of it was not destined to land in filthy corrupt hands
Is it difficult to mint the money why stories
We should start calling sassa R350 'tender' maybe then the anc will make it work
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Dammit! THAT'S what happens when we have unchecked corruption and looting in our government. They literally steal bread from the desperately poor.
Because the government are stealing it all. Politicians are there the seve not earn !!!!
CoruscaKhaya Let them learn a thing or two from US treasury
Additional funding of SOCs are a bottomless pit. ESKOM’s revenue declines from non-paying municipalities, SOCs and citizens. Yet, they still supply electricity. Cut them off, I say. Let them do without until they can pay. It’s this lax approach to defaulters that’s ruining ZA.
Without welfare credits there is no country
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