WATCH | The start of a new era? SA’s fiscal and economic prospects
Finance minister Enoch Godongwana and the FM dissect the 2022 budget
Finance minister Enoch Godongwana delivered his maiden national budget speech in Cape Town on February 23.
This address came against a backdrop of low economic growth, record unemployment and a slow recovery from the Covid-19 pandemic.
Godongwana was expected to have some breathing room given a large revenue overrun due to the commodities boom.
But with the year-long extension of the social relief of distress grant — and calls to make this permanent in the form of a basic income grant — high levels of debt, low growth forecasts, ailing state-owned enterprises, and a less-than-hospitable international environment, headwinds persist.
What does this mean for SA? The FM, in partnership with the Paternoster Group and Citadel, hosted a virtual panel discussion on February 24 to dissect the 2022 budget.
Moderated by Richard Calland, founding partner of the Paternoster Group, the panel included:
- Enoch Godongwana, finance minister;
- Claire Bisseker, FM economics editor; and
- George Herman, chief investment officer of Citadel.