Finance Minister Tito Mboweni says as a result of the COVID-19 pandemic, the country’s economy is projected to contract by 7.2% in 2020.
Finance Minister Tito Mboweni says the National Treasury has set aside R100 billion to support government’s response to job creation.
With several businesses facing the bleak prospect of shutting down as a direct consequence of the COVID-19 pandemic, President Cyril Ramaphosa has urged that such decisions be carefully taken.
Government, through National Treasury, is exploring all funding avenues to finance all COVID-19 related programmes and measures aimed at addressing the pandemic.
Government will over the next three years attempt to reduce the public sector wage bill by R160 billion, Finance Minister Tito Mboweni said on Wednesday.
Smokers and drinkers will from Wednesday have to dig deeper into their pockets for cigarettes and alcohol.
Public Enterprises Minister Pravin Gordhan says a special bill on Eskom -- aimed at finding a roadmap of the power utility’s recovery -- is currently being drafted.