Wage pact weighs on Nene’s budget
Public sector employees may be happy, but the wage hike won in June comes at a rotten time for the treasury.
Mini Budget
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Spend, baby, spend
The government has allocated an additional R170-billion to spending over the next three years, and next year state spending will jump to 29% of GDP.
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Ruling party vs ruling party
The South African economy was back on the policy frontburner this week with two major documents emerging from the ANC.
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RAF gets R2,5bn
But the fund needs to be restructured in the long term. Lloyd Gedye reports.
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Fiscal stance still conservative
Trevor Manuel’s medium-term budget policy statement could have taken a more aggressive approach.