The recently presented 2024 Medium Term Budget Policy Statement (MTBPS) by Finance Minister Enoch Godongwana paints a sobering picture of South Africa’s fiscal outlook.
When South Africa assumes the presidency of the G20 on 1 December, it gains a position that will afford the country, and the Government of National Unity (GNU), numerous economic, investment, trade, diplomatic, and strategic opportunities.
The formation of the government of national unity (GNU) has afforded SA a few months of positive market sentiment, a stronger rand and more positive interest in investment opportunities from international investors.
Reform of network industries is required for manufacturers to truly benefit from government support
One of the great challenges facing the government of national unity (GNU) is the declining quality of infrastructure. Finding new sources of funding for investments in, as well as maintenance and building of, infrastructure should be one of government’s top priorities.
But some issues, such as National Health Insurance, could cause bigger ructions and possibly hard splits
South Africa’s young, growing population presents a substantive opportunity for the country’s future; a skilled workforce, a growing middle class with aspirations, and an expectation for satisfactory government and private sector services and offerings.
Taking the date on which President Cyril Ramaphosa announced his latest cabinet – 30 June 2024 – 8 October marks 100 days of the Government of National Unity (GNU).