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News and coverage of South Africa’s most recent and past budget policy statements, speeches and related articles.
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2

A better budget than expected

23 Feb 2023 /  Ciaran Ryan
It provides tax relief for working South Africans while restructuring Eskom debt – all in a low-growth environment.
2

Public sector pay: Godongwana cautions public servants about trade-offs

23 Feb 2023 /  Thomas Kachere, GroundUp
Unions demonstrate before budget speech, demanding 10% pay increase.
1

‘A distinctly human budget’

23 Feb 2023 /  Amanda Visser
But once again several debt cans are being kicked down the road …

Treasury to publish work-from-home discussion document this year

23 Feb 2023 /  Amanda Visser
Along with several other policy documents including on the two-pot retirement system, sugar tax and Vat framework, as well as the alcohol review paper.
1

Security agencies get extra funding

22 Feb 2023 /  Mike Cohen, Bloomberg
As SA steps up war on crime.

The winners and losers in SA’s budget

22 Feb 2023 /  Renee Bonorchis, Bloomberg
Several SOEs will receive bailouts. Old-age pensions and other welfare payments will rise by 5%.
1

Covid-19 social distress grants extended until March 2024

22 Feb 2023 /  Ntando Thukwana
With nearly R36bn allocated.
UPDATE
1

SAA’s preferred bidder disappointed with airline’s further R1bn bailout

22 Feb 2023 /  Roy Cokayne
Claims the money will only 'partially' fulfil government's commitment to settle the airline's R13.5bn historical debt.
3

National Treasury’s GDP forecast is three times Sarb’s prediction

22 Feb 2023 /  Akhona Matshoba
This despite the crippling impact of load shedding on the country’s economy.
4

SA’s wage bill breaches R700bn, as unions up their ante in public pay talks

22 Feb 2023 /  Ntando Thukwana
Bill seen exceeding R760bn by 2026.
UPDATE
1

#Budget2023: The highlights

22 Feb 2023 /  Suren Naidoo
Eskom and SA’s power crisis the key focus.
5

Tax relief to soften the blow of load shedding and inflation

22 Feb 2023 /  Amanda Visser
Rooftop solar incentive proposed. No increase to the fuel levy or Road Accident Fund levy.
UPDATE

No tax increases for hard-hit South Africans

22 Feb 2023 /  Amanda Visser
However, new spending policies may prompt reconsideration.
UPDATE
1

Eskom to get a massive R254bn in debt relief

22 Feb 2023 /  Roy Cokayne
Aimed at taking pressure off the power utility’s balance sheet, allowing it to pay down debt, restructure and undertake investments and maintenance.
 

Budget 2023

Brought to you by Investec

Moneyweb’s 2023 national budget offering, including infographics, Investec's analysis, audio ratings and more.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Sep 2023 4.80%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Sep 2023 5.10%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Oct 2023 8.25%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Oct 2023 11.75%
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