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President Ramaphosa – Economic Reconstruction and Recovery Plan Address

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Address by President Cyril Ramaphosa to the Joint Sitting of Parliament on South Africa's Economic Reconstruction and Recovery Plan.

Supplementary Budget Speech: what was not said

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Sometimes the focus should not be on what was said, but rather on what was left unsaid. The Supplementary Budget tabled by Minister Tito Mboweni on 24 June 2020, centred around the potentially disastrous trajectory of South Africa’s fiscal affairs.

Zero-based and cash budgeting should both be adopted by government

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Finance minister Tito Mboweni favours zero-based budgeting, an approach that would weigh each expenditure item, each departmental budget, against government goals. The Minister has said that this would entail focusing on ‘infrastructure development and other growth-enhancing measures’ and come at the expense of those programmes considered wasteful in relative terms.

Government wage bill: over bloated and underwhelming

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South Africa was once speculated to have a government workforce larger than that of the United States. Think about that for a second or two. A country whose population numbers close to 57 million with more civil servants than a nation of over 300 million individuals.

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