ON WEDNESDAY, February 22, Finance Minister Enoch Godongwana presents what is arguably his and one of the ruling ANC government’s most important National Budgets, which primarily sets out the state of the nation’s finances and the revenue, expenditure and public debt service burden projections for the 2023/2024 financial year.
Faced with poly-economic, governance, capacity, societal and delivery deficit prospects, Godongwana gave as a taster of what to expect on Wednesday, in his pre-budget Medium Term Budget Policy Statement last October, when his mood was somewhat sombre stating the obvious to millions of compatriots declaring: “South Africa’s economy has underperformed for many years.
Several long-standing structural impediments continue to hamper growth. These include unreliable electricity supply, costly and inefficient ports and rail network, crime and corruption, weak state capacity, and…