Podcasts about godongwana

Die minister van Finansies, Enoch Godongwana, gaan die 2025-begroting op 21 Mei weer ter tafel lê. Dit volg na 'n besluit om die voorgestelde BTW-verhoging van 0.5-persentasiepunte om te keer. Godongwana het aan die media gesê die hersiene begroting sal bygewerkte fiskale projeksies, leningsplanne en inkomsteberamings insluit. Dit sal volledig met die kabinet en politieke partye in die regering van nasionale eenheid bespreek word:

Minister van Finansies, Enoch Godongwana sê net president Cyril Ramaphosa het die gesag om hom uit sy amp te verwyder. Dit kom te midde van negatiewe openbare en politieke reaksie oor die voorgestelde BTW-verhoging. Godongwana het aan die media gesê dat die regering, totdat die nuwe begroting goedgekeur is, onder tussentydse reëls sal funksioneer wat die gebruik van tot 45-persent van verlede jaar se begroting toelaat:

Godongwana in the hot seat! The EFF and MK Party want him out over the VAT hike chaos—but analysts say he’s unlikely to be fired. Zain Johnson breaks it all down with Political Scientist, Mbasa Mvenene.See omnystudio.com/listener for privacy information.

Clement Manyathela and the listeners discuss calls for the resignation of Finance Minister Enoch Godongwana. They also reflect on Donald Trump’s 100 days. The Clement Manyathela Show is broadcast on 702, a Johannesburg based talk radio station, weekdays from 09:00 to 12:00 (SA Time). Clement Manyathela starts his show each weekday on 702 at 9 am taking your calls and voice notes on his Open Line. In the second hour of his show, he unpacks, explains, and makes sense of the news of the day. Clement has several features in his third hour from 11 am that provide you with information to help and guide you through your daily life. As your morning friend, he tackles the serious as well as the light-hearted, on your behalf. Thank you for listening to a podcast from The Clement Manyathela Show. Listen live – The Clement Manyathela Show is broadcast weekdays between 09:00 and 12:00 (SA Time) on 702 https://www.primediaplus.com/station/702 Find all the catch-up podcasts here https://www.primediaplus.com/702/the-clement-manyathela-show/audio-podcasts/the-clement-manyathela-show/ Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Die Activists and Citizens Forum sê hy verwerp geheel en al die oproepe om die bedanking van die Minister van Finansies, Enoch Godongwana. Godongwana het verlede week aangekondig die 0,5 persent BTW-verhoging word teruggetrek. Woordvoerder van die Forum, Dennis Bloem, sê in plaas van Godongwana, doen hulle 'n beroep dat die hele parlement ontbind word en nuwe verkiesings gehou word:

Die DA het bevestig dat die minister van Finansies, Enoch Godongwana, se prokureurs die party genader het om buite die hof te skik. Dit hou verband met die DA se aansoek in die Hooggeregshof om ʼn interdik te kry teen die BTW-verhoging. Godongwana het intussen in ʼn verklaring gesê hy het besluit om die BTW-verhoging van 0,5-persentasiepunte terug te trek. Die voorsitter van die DA se federale raad, Helen Zille, sê hulle vergader vandag met ʼn hoëvlak-ANC-afvaardiging:

Die DA sê finansminister Enoch Godongwana se besluit om die BTW-verhoging van 'n 0,5-persentasiepunt te skrap, is ʼn draaipunt in die stryd om Suid-Afrikaners teen ongeregverdigde finansiële laste te beskerm. Die party sê hy het ʼn voorstel van Godongwana se prokureurs ontvang om buite die hof te skik oor sy interdik-aansoek teen die verhoging. Die voorsitter van die party se federale raad, Helen Zille, sê die minister sou dit nie omgekeer het as dit nie vir die DA was nie:

Charles de Wet – uitvoerende bestuurder, ENSafrica & Dawie Roodt – stigter en hoofekonoom, Efficient-groep & Prof Amanda Gouws – professor in politieke wetenskap, Stellenbosch Universiteit Volg RSG Geldsake op Twitter

Here's your latest ECR Newswatch bulletin from the team at East Coast Radio. Website

Bongani speaks with Columnist and Analyst Khaya Sithole and Adjunct Associate Professor at Wits School of Government Richard Calland for their insights on Finance Minister Enoch Godongwana's announcement to withdraw the proposed 0.5 percentage point VAT increase. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Bongani Bingwa speaks with Willie Aucamp, DA National Spokesperson, about Finance Minister Enoch Godongwana's decision to suspend the proposed 0.5 percentage point VAT increase. They discuss the DA's stance and implications of this move 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Bongani Bingwa speaks with Atholl Trollip, Action SA Parliamentary Leader about Finance Minister Enoch Godongwana's decision to suspend the proposed 0.5 percentage point VAT increase. They discuss Action SA's stance and implications of this move. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Bongani Bingwa speaks with Hillary Joffe, Editor-at-Large at Business Day, as the International Monetary Fund lowers global growth forecasts, warning of a fundamental reset in the global economic system. While Finance Minister Enoch Godongwana projected 1.9% GDP growth for South Africa in 2025, the IMF now expects as little as 1% amid global uncertainty triggered by shifting U.S. trade policies. With South African officials, including Godongwana and SARB Governor Lesetja Kganyago, in Washington for the G20 finance track, global economic stability hangs in the balance. 702 Breakfast with Bongani Bingwa is broadcast on 702, a Johannesburg based talk radio station. Bongani makes sense of the news, interviews the key newsmakers of the day, and holds those in power to account on your behalf. The team bring you all you need to know to start your day Thank you for listening to a podcast from 702 Breakfast with Bongani Bingwa Find all the catch-up podcasts here https://www.primediaplus.com/702/702-breakfast-with-bongani-bingwa/audio-podcasts/702-breakfast-with-bongani-bingwa/ Listen live - 702 Breakfast is broadcast weekdays between 06:00 and 09:00 (SA Time) https://www.primediaplus.com/station/702 Subscribe to the 702 daily and weekly newsletters https://www.primediaplus.com/competitions/newsletter-subscription/  Follow us on social media: 702 on Facebook: http://www.facebook.com/TalkRadio702   702 on TikTok: www.tiktok.com/@talkradio702  702 on Instagram: www.instagram.com/talkradio702  702 on X: www.x.com/Radio702  702 on YouTube: www.youtube.com/@radio702  See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Dr Azar Jammine, Director and Chief economist at Econometrix and Sam Mkokeli, Business Times Columnist and political researcher about the R13.5bn financial gap if a VAT hike is halted. In other interviews, Michael Fridjhon, founder of Winewizard.co.za and Visiting Professor of Wine Business at the University of Cape Town explains how South African wine enthusiasts can make informed choices to counter Trump's tariffs, exploring options like supporting local wine producers who export to the US and highlighting the quality of South African wines globally. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Dr Azar Jammine, Director and Chief economist at Econometrix and Sam Mkokeli, Business Times Columnist and political researcher about the R13.5bn financial gap if a VAT hike is halted. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

Finance minister Enoch Godongwana didn't take kindly to being called “rogue” in parliament after defending his decision to increase VAT. He clashed with DA MP Mark John Burke over accusations that he ignored the Treasury's advice on the controversial tax hike.

Finance Minister, Enoch Godongwana has called for calm heads as reactions to his budget speech continue to pour in. The Minister is currently appearing before parliament's committees on Finance following his budget speech on Wednesday. This follows the announcement that government proposes a VAT increase of one percentage point over a two year period. Godongwana says such measures are intended at tackling financial challenges in health, education, transport and the military amongst others

Die minister van Finansies, Enoch Godongwana, het 5 miljard Suid-Afrikaanse rand bewillig ter ondersteuning van die Suid-Afrikaanse Nasionale Weermag se vredespogings in die Demokratiese Republiek die Kongo. Dit vorm deel van die breër toekenning van 9 miljard rand vir sekerheidsfunksies, insluitend befondsing vir korrektiewe dienste. Godongwana het tydens sy begrotingstoespraak gesê pogings om die weermag te moderniseer sal voortgaan, om te verseker die land kom sy plaaslike en internasionale verpligtinge na:

Finansminister Enoch Godongwana het 'n plan aangekondig om die BTW-koers teen 2026/'27 tot 16-persent te verhoog. Die BTW-koers sal op 1 Mei met 0,5-persentasiepunte styg en op 1 April volgende jaar met 'n bykomende 0,5-persentasiepunte. Godongwana het in sy begrotingsrede gesê die verhoging word benodig om staatsbesteding aan noodsaaklike dienste soos gesondheid, onderwys, vervoer en sekerheid te ondersteun.

Nicholas Lorimer and Hermann Pretorius discuss the budget and what it portends for the Government of National Unity (GNU). ------------------ Hudaco Energy is thrilled to offer Daily Friend listeners an exclusive promotion! Book a free or business or household audit, and we'll show you how we put more money back in your pocket without hefty upfront costs. Reach out to us at sales@hudacoenergy.co.za or call us at 011 447 9864. Hudaco Energy – Sustainable Power and Storage Solutions Provider -------------------- Website · Facebook · Instagram · Twitter

Enoch Godongwana – Minister of Finance. Volg RSG Geldsake op Twitter

All eyes are on Finance Minister, Enoch Godongwana ahead of his second attempt at tabling his budget speech for the year. Godongwana had postponed the tabling of the budget speech last month citing disagreements among GNU partners over a proposed VAT increase. The Minster is now set to table his speech at 2pm this afternoon. Meanwhile, Labour Federation, COSATU, together with political parties and social groups have once again taken to the streets outside the sitting of parliament at the Cape Town City Hall to voice their concerns. Political activist and author, Allan Boesak addressed a crowd outside Cape Town City Hall

All eyes are on Finance Minister, Enoch Godongwana ahead of his second attempt at tabling his budget speech for the year. Godongwana had postponed the tabling of the budget speech last month citing disagreements among GNU parters over a proposed VAT increase. The Minster is now set to table his speech at 2pm this afternoon. Meanwhile, Labour Federation, COSATU, together with political parties and social groups have once again taken to the streets outside the sitting of parliament at the Cape Town City Hall to voice their concerns. Sakina Kamwendo spoke to SABC reporter, Mlamli Maneli and Economics and Political commentator, Khaya Sithole

Die minister van Finansies, Enoch Godongwana, sê baie moet nog gedoen word om te verseker dat alle lande internasionale belastinghervormings instel. Hy het by die G20-vergadering van ministers van Finansies en Sentrale Bankbestuurders in Kaapstad gepraat. Godongwana sê die instelling van wêreldwye minimum belasting is 'n belangrike stap om 'n regverdiger en meer volhoubare belastingstelsel te bereik wat alle lande sal bevoordeel:

Stephen Grootes speaks to Carol Paton, Editor-at-Large at Fin24, about Finance Minister Enoch Godongwana's surprise proposal to hike Value-Added Tax (VAT) in South Africa.See omnystudio.com/listener for privacy information.

In a first for democratic South Africa, the 2025 budget speech has been postponed to March 12. We hear the reactions of various parties on the announcement and the finance Minister Enoch Godongwana explains the contentious issues on the table.

On the last Sunday Show of 2024, Neil de Beer, the President of the United Independent Movement (UIM), issues a stern warning to Julius Malema, the re-elected President of Economic Freedom Fighters (EFF), over his latest “derogatory, violent and revolutionary speech”:    “Ons sal jou moer. We will not allow you to destabilise this beautiful country. Law enforcement, Defence Force and Intelligence, they know they have absolutely our support - and we will have their back.” De Beer once again slams President Cyril Ramaphosa's handling of the BELA Act. However, he has praise for three African National Congress (ANC) Ministers: Finance Minister Enoch Godongwana, Electricity Minister Kgosientsho Ramokgopa, and Police Minister Senzo Mchunu. He also hails the work of Democratic Alliance (DA) Home Affairs Minister Leon Schreiber. Furthermore, De Beer speaks about the “Green Communists” in the ANC, sketches two options for the future of South Africa's struggling SOEs, and explains why he regards Bitcoin as an “emotional currency”.

To help us understand COSATU's stance on the budget and the wage proposal fallout, we're joined by Matthew Parks, COSATU's Parliamentary Coordinator. Matthew brings a critical perspective on how these economic decisions affect South Africa's working class and what COSATU believes is necessary for worker stability and fair compensation.See omnystudio.com/listener for privacy information.

Clarence Ford speaks to Babalo Ndenze EWN Reporter. See omnystudio.com/listener for privacy information.

If the infrastructure reforms we announced in the mid-term budget and are pushing for become effective, and with private sector investment, finance minister says. www.moneyweb.co.za

Die buurland se finansminister, Enoch Godongwana, waarsku teen oorhaastige onttrekking uit pensioenfondse as deel van die tweepotstelsel wat op 1 September in werking tree. Die stelsel gee aftreefondslede toegang tot hulle spaargeld sonder om te bedank of al hulle spaargeld uit die pensioenfonds te onttrek. Godongwana sê hy is nie gesteurd oor diegene wat kla oor die belasting wat hulle op die onttrekkings moet betaal nie.

Die Suid-Afrikaanse finansminister, Enoch Godongwana, sê met die regering se vinnige instelling van die aksieplan waarop met die Finansiële Aksietaakmag ooreengekom is, sal die land vroeg volgende jaar van die gryslys verwyder word. Suid-Afrika is in Februarie verlede jaar op die gryslys geplaas omdat hy nie voldoen aan internasionale standaarde wat geldwassery en onwettige finansiële transaksies betref nie. Godongwana sê sy departement het 31,2-miljoen Suid-Afrikaanse rand toegeken aan belastingbeleid-subprogram in die ekonomiese beleid-, belasting-, finansiële regulering- en navorsingsprogram om die land van die gryslys te kry:

The Institute for Economic Justice has expressed concerns over the government's continued trajectory of budget cuts, especially in key areas such as healthcare. Lester Kiewit speaks to Zimbali Mncube, Tax and Budget policy researcher at the Institute for Economic Justice.See omnystudio.com/listener for privacy information.

Finance Minister Enoch Godongwana has allocated R848 billion to the public health system over the medium term expenditure. He was delivering his budget speech in Cape Town yesterday. Godongwana has also allocated R1.4 billion to the controversial National Health Insurance (NHI) plan. For more on this Elvis Presslin spoke to Dr. Cedric Sihlangu, General Secretary of the South African Medical Association Trade Union, SAMATU

This audio is brought to you by Wearcheck, your condition monitoring specialist. With various commodity prices taking a nosedive over the past year, windfall tax gains from high commodity prices over the preceding two years have come to an end, resulting in a sharp fall in mining tax revenue, National Treasury has said. In the 2024 Budget Review released on February 21, it was revealed that, for the first ten months of the 2023/24 fiscal year, provisional corporate tax collections from the mining sector fell by R39.2-billion, or 50.4%, year-on-year. This significant decline was attributed primarily to lower commodity prices and weaker global growth. However, local issues such as increased power cuts and operational problems at South Africa's ports, have also weighed heavily on the sector. These challenges have resulted in reduced export capability, while safety stoppages, strikes and crime have driven operational costs up. National Treasury expects that these domestic constraints will continue to exert pressure on the mining sector in the year ahead. Although Finance Minister Enoch Godongwana said he expected commodity prices to stabilise over the next 12 months, he projected that corporate profitability in the mining sector would remain weak in the 2024/25 fiscal year. Mining was not alone in delivering decreased tax revenue over the past year. Collections from the manufacturing sector also contracted, while the finance sector registered only marginal growth. Following robust growth over the two prior years, import value-added tax (VAT) and customs duties collections slowed considerably. As such, Godongwana revealed that VAT collections for the 2023/24 fiscal year had been revised down by R26.1-billion compared with 2023 Budget expectations. Overall, National Treasury said that gross value added in the mining sector contracted by 1.6% in the first three quarters of last year, compared with the same period in 2022. Mining sales declined by 14.9% in response to weaker global demand.

Members of the South African Federation of Trade Union are expected to march from the Cape Town CBD to Parliament ahead of 2024 Budget Speech by Finance Minister, Enoch Godongwana. The federation has echoed growing calls for Godongwana not to announce budget cuts during his budget speech. This is his final budget speech before the dissolution of the sixth Parliament, ahead of the 2024 general elections. SAFTU says austerity measures continue to deepen inequality, poverty and unemployment. Sakina Kamwendo spoke to SAFTU general secretary, Zwelinzima Vavi

Build One South Africa vra die minister van Finansies, Enoch Godongwana, om township ekonomiese groei te bespreek in sy begrotingsrede. BOSA bepleit ‘n omvattende plan om die ekonomie op te hef, werk te skep en lewenstandaarde te verbeter. Die party-leier, Mmusi Maimane, het hierdie week entrepreneurs van Soweto ontmoet om hul behoeftes te bespreek, wat gelei het tot aanbevelings vir Godongwana. Voorstelle sluit in, infrastruktuurverbeterings, township spesiale ekonomiese sones, en mentorskap-programme. Maimane sien townships as ekonomiese spilpunte met die regte omgewing vir ekonomiese groei:

Die buurland se finansminister, Enoch Godongwana, sê Suid-Afrika het geen voorneme om ʼn noodfonds van 497 miljard Suid-Afrikaanse rand te gebruik nie. Die Suid-Afrikaanse Reserwebank hou namens die Nasionale Tesourie toesig oor die gebeurlikheids-reserwerekening vir goud en buitelandse valuta. Die geld kan help om skuld-terugbetalingskoste of ʼn enorme staatsloonrekening te dek. Godongwana het by die Wêreld Ekonomiese Forum in Davos, Switserland, gesê baie dinge moet in ag geneem word voordat die fonds gebruik kan word:

Finance Minister Enoch Godongwana has outlined a stringent approach to state-owned enterprises in the latest Medium-Term Policy Budget Speech. He has tightened conditions for Eskom's debt relief and insists that a Transnet bailout depends on the government's new logistics sector roadmap. Business Day TV spoke to Hilary Joffe, Editor at Large for Business Day for more insight.

Finance Minister Enoch Godongwana has presented the 2023 medium-term budget policy statement and has maintained Treasury's prudent stance of fiscal consolidation in the face of a revenue shortfall of R57 billion this year. Business Day TV unpacked the MTBPS with Sars Commissioner, Edward Kieswetter.

Finance Minister Enoch Godongwana presented his medium-term budget in Parliament, revealing that disappointing tax revenues and rising costs to service the debt have taken a toll on government finances. Godongwana's predictions include a slower-than-anticipated economic growth of 0.8% compared to his February budget projections, accompanied by a substantial increase of R54.7 billion in the main budget deficit. These forecasts according to Dawie Roodt, the Chief Economist at the Efficient Group, are far too optimistic. In an interview with Biznews, Roodt said he did not believe the projected growth would materialise and that several items are not included in the deficit numbers. The finance minister's overall picture, he said, is not as rosy as the minister is portraying it. It is significantly worse. Roodt also believes that Transnet will have to be bailed out. Without it, he said, the economy is not going to function. Roodt estimates that the fiscal deficit is closer to 6.6% if Eskom's debt is considered. Cutting the size of the state sector, he regarded it as good news and suggested the government start with VIP Protection expenses. The real picture of the economy, he said, will emerge in the main budget in February 2024. Roodt also said the picture that Mr Godongwana painted of himself as Mr Austerity does not hold water; he is Mr Expenditure. – Linda van Tilburg

Finance Minister Enoch Godogwana has described South Africa's public finances as significantly weaker in his mid-term budget emphasising that measures to stabilise public finances and reform the economy to generate higher growth are essential. Markets reactions were generally favourable with the rand strengthening. Thea Fourie from S&P Global Market Intelligence said in an interview with Biznews that lower expenditure was a welcome surprise and that the investor community appeared to be happy with Mr Godongwana's projections, but said concerns lingered about the persistent rise in the public sector debt-to-GDP ratio. Medium term risks remained on the horizon, she said. Transnet and Eskom, Fourie warned could be bad news for the debt trajectory. These risks she said raised concerns about the government's ability to achieve its objectives. - Linda van Tilburg

The medium-term budget policy statement will be presented by Finance Minister Enoch Godongwana on November 1. In the lead up to this, Ninety One has commented that Godongwana is caught between a rock and a hard place as revenue weakness persists and spending pressures mount. For more detail, Business Day TV spoke to Ninety One fixed income analyst Sisamkele Kobus.

The SA economy, including the financial markets, will withstand volatility coming out of the ANC's internal political contestation, finance minister Enoch Godongwana said on Saturday. Speaking at a business briefing alongside the ANC national elective conference in Johannesburg, Godongwana said the leadership contest would not result in  policy shocks, whoever won.

The SA economy, including the financial markets, will withstand volatility coming out of the ANC's internal political contestation, finance minister Enoch Godongwana said on Saturday. Speaking at a business briefing alongside the ANC national elective conference in Johannesburg, Godongwana said the leadership contest would not result in  policy shocks, whoever won.

Guest: News24 Business writer-at-large Carol Paton' joins John to discuss Godongwana's higher than expected revenue projections and the decisions that he has made as to how some of this must be allocated to bail out troubled state-owned enterprises.See omnystudio.com/listener for privacy information.

We had a fascinating discussion with Ismael Momoniat, the director general in the National Treasury, who joined our panel of experts for an in-depth look at the MTBPS. Discussion points includes state owned enterprises, especially Transnet and SAA, the Eskom debt, and climate financing.

We had a fascinating discussion with Ismael Momoniat, the director general in the National Treasury, who joined our panel of experts for an in-depth look at the MTBPS. Discussion points includes state owned enterprises, especially Transnet and SAA, the Eskom debt, and climate financing.

Markets have clearly been anxious in the lead up to Jackson Hole, as investors and traders await the next policy clues out of Fed Chair Powell later this week. The declines in equities and bonds of late suggest that Powell will strike a hawkish tone to fight rampant inflation, at the expense of economic growth. If Powell's commentary forces markets to further price in more supersized Fed rate hikes, that might trigger more declines for equities and gold, while king dollar would continue to exert its dominance across the FX universe. Finance Minister Enoch Godongwana under siege after sex allegations: Finance Minister G. odongwana had indicated he will step aside if formally charged on these allegations. While the legal process must obviously now take its course, there are clearly unintended economic consequences that could follow for SA if Godongwana does soon have to step aside or even resign as Finance Minister. Immediately ahead lie challenges such as the medium Budget in October, the resumed key public sector wage negotiations and the ANC's elective conference policy recommendations on issues such as the status of the SARB - all of which require experienced and smart policy footwork. Lots to discuss with Warwick Lucas Head of Galileo Securities; Isaah Mhlanga, Chief Economist at Alexforbes & Raymond Parsons, professor in the School of Business and Governance at Northwest University

Die polisie in Mpumalanga wag op die Nasionale Vervolgingsgesag se besluit oor of die minister van finansies, Enoch Godongwana, aangekla gaan word. Dit volg nadat 'n personeellid by die Krugerwildtuin 'n saak van seksuele aanranding teen Godongwana aanhangig gemaak het. Daar word beweer sy is aangerand terwyl sy die minister 'n massering in sy kamer gegee het. 'n Polisiewoordvoerder Selvy Mohlala sê al die nodige verklarings in die saak is verkry.