Government started implementing Phase 1 of the National Infrastructure Plan (NIP) in March 2022. In October this year it gazetted Phase 2 of the NIP for public comment. While Phase 1 focuses on the critical network infrastructure sectors of energy, freight transport, water and digital communications, Phase 2 will expand the focus to include a […]
Government started implementing Phase 1 of the National Infrastructure Plan (NIP) in March 2022. In October this year it gazetted Phase 2 of the NIP for public comment. While Phase 1 focuses on the critical network infrastructure sectors of energy, freight transport, water and digital communications, Phase 2 will expand the focus to include a […]
A budget – even a mini-budget – is all about being able to finely balance all the competing priorities. To execute this balancing act, trade-offs need to be made, and this year’s Medium Term Budget Policy Statement, delivered on October 26th, was all about those trade-offs. Economic Digest 33 – Mini Budget 2022 by Kenny […]
In 2001 an intergovernmental organisation, the Financial Action Task Force (FATF), conducted a Mutual Evaluation Assessment on South Africa and found that the country has poor legal, regulatory, and oper- ational measures for combating money laundering and terrorist financing. This means that South Africa is at risk of being put on the FATF’s ‘grey list’, […]
This idea of a social compact between government, business and civil society as a basis for long-term economic development and growth is nothing new. These kinds of ‘working relationships’ underpin the economic models in many industrialised countries. President Cyril Ramaphosa promised in his state-of- the-nation address in February that a social compact would be achieved within 100 days to forge a path forward for economic growth. That deadline was missed as agreements between the main actors could not be reached, but in July the President said that a “framework for a social compact has been devel- oped”, which was then circulated to all the role-players.
More than a century ago, Pope Leo XIII spoke about the need for a living wage. In his 1891 encyclical Rerum Novarum, he said that a living wage should be enough to provide for a family’s basic living expenses so as to keep them out of poverty. South Africa first implemented a minimum wage in […]
If wishes were horses beggars would ride, and our new Finance Minister would make everything bright. The reality is that the Minister has a tough task when he delivers his maiden budget speech tomorrow. The various shopping lists are long – everybody wants something. The articles below explore some of what is expected of the […]
The American expression ‘go big or go home’ is an exhortation to go all-out; a philosophy that encourages one to be bold and uncompromising. It is probably an apt expression in describing what President Cyril Ramaphosa will need to do in his State of the Nation Address (SONA) tomorrow. The ‘big’ in this instance is […]
