My former colleagues at the National Treasury and minister of finance Enoch Godongwana must be commended for so deftly handling the mammoth task of navigating this year’s national budget — especially in a critical election year. But as the dust settles on the speech, one theme stands out prominently amid the various figures and projections: the challenge of a stagnating economy.

In the face of diminishing tax revenue, rising debt, and increasing demands on the fiscus as a consequence of persistent unemployment and poverty, the speech starkly highlighted that South Africa’s “pie” is simply not growing fast enough to sustain us. Our people are growing progressively poorer as our population continues to expand more quickly than our economy...

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