A huge cut in the public-sector wage bill, setting the ANC government up for a mighty fight with its union allies, is the standout item in finance minister Tito Mboweni’s budget, which he delivered on Thursday. Read our selection of news, views and analysis for everything you need to know about #Budget2020.

Top stories

Tito Mboweni set for a fight with unions over cuts

Finance minister announced a plan to cut baseline spending by R261bn over three years

By Lukanyo Mnyanda

Budget shows ‘severe’ slide in public finances, says Fitch

Fiscal metrics worsen while efforts to curb spending ‘rely heavily on hoped-for moderation in public sector wages, ...

By Lynley Donnelly

EDITORIAL: Budget delivers more than it promised

Now the moves envisaged by finance minister Tito Mboweni must be executed by the president

Opinion Editor's Choice

DUMA GQUBULE: Mboweni’s budget is a declaration of war on public servants

Three more years of pointless austerity will result in an economic meltdown and increased political instability

Duma Gqubule
Columnist

‘It is pilchards in place of steak, not austerity’

Tito Mboweni says schools and hospitals are not being shut and public servants are not being retrenched

Carol Paton
Editor at Large

Mboweni clarifies funding for Sovereign Wealth Fund

Finance minister says mooted vehicle could be funded through allocation of spectrum

By Claudi Mailovich

How you’re benefiting from the unexpected R14bn tax relief

Finance minister Tito Mboweni says it will be foolhardy to introduce tax hikes in this difficult time

By Laura du Preez

Budget gets cautious nod from economists and the market

The rand firmed and banking stocks soared after promises of cuts in government spending and taxes

By karl gernetzky

Tito Mboweni’s full 2020 budget speech

All the details — from the economic context and strategy to tax adjustments

Government plans to slash public servant salaries in 2020

Cuts of R160.2bn over next three years expected to help achieve fiscal consolidation

By GENEVIEVE QUINTAL

Has Mboweni managed to still Moody’s knife?

The budget has done the right things argue analysts, but SA's deficit and debt trajectory will still weigh on its ...

By Lynley Donnelly

Taxpayers get surprise R14bn in tax relief in Tito Mboweni’s budget

The surprise announcement by Mboweni not to increase tax rates is aimed at not further slowing down the already ...

By Linda Ensor


Opinion Editor's Choice

The Budget Review simply confirms just how slow ...

It is unlikely that Moody’s will be encouraged by the 2020 budget, write Lullu Krugel and Christie Viljoen

By Lullu Krugel and Christie Viljoen
Opinion Editor's Choice

ISAAH MHLANGA: Mboweni’s budget not bold enough to curtail rising debt ...

While the 2020 budget reduces the government wage bill, the savings envisaged are simply re-allocated to support ...

By Isaah Mhlanga
Opinion Editor's Choice

DUMA GQUBULE: Mboweni’s budget is a declaration of war on public servants

Three more years of pointless austerity will result in an economic meltdown and increased political instability

Duma Gqubule
Columnist

Some parties are phlegmatic about the budget; Cosatu is not

The union federation calls cuts to the public-sector wage bill ‘reckless' and an ‘attack on workers’

By Claudi Mailovich

Budget 2020: Tito Mboweni’s budget in a nutshell

Experts from across disciplines delve into the details of the finance minister’s Budget Review on Wednesday

By Business Day TV

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