Despite the Covid pandemic, SA is in the surprising position of expecting a R100bn revenue overrun for the 2020/2021 fiscal year. How the government treats this windfall will say volumes about its priorities and its understanding of the precariousness of SA’s public finances.

Economists expect tension to emerge between the National Treasury and the rest of the cabinet once the government realises the "mouth of the hippo" (the gap between revenue and expenditure) isn’t quite as wide as it was led to believe it was by finance minister Tito Mboweni...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now