Tag: Supplementary Budget 2020
Changes to the COVID-19 Guaranteed Loan Scheme for distressed businesses
High on the agenda of Finance Minister Tito Mboweni’s supplementary budget speech on Wednesday 24 June was the need to support the economy as it gradually reopens as well as to get businesses moving again. Notably, Mboweni announced amendments to the COVID-19 guaranteed loan scheme that was introduced at the beginning of lockdown, offering some relief to struggling businesses.
Supplementary Budget Speech: what was not said
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.
Supplementary Budget 2020 | SA Finance Minister Tito Mboweni’s Speech
The Supplementary Budget 2020 was tabled to Parliament on 24 June 2020 by South African Finance Minister Tito Mboweni.
