Minister Enoch Godongwana will deliver the budget speech today. Here’s when you can check it out and what to expect.
Godongwana will provide details on the expenditure and make proposals on how to fund the priorities set out in the President’s State of the Nation address.
The budget will also outline the funds to be allocated to various government sectors, departments and state entities.
When is the budget speech?
The 2022 budget speech will be delivered at 2 p.m. and streamed live on various social media platforms. We will include a link to the live address as soon as a stream is available.
The Budget speech 2022 is the most important ever, especially after President Cyril Ramaphosa shared positive signs of a change in policy direction during his State of the Nation (Sona) address.
The The Vanir-exoduss Ina Opperman asks: “Will Minister Godongwana show some of the ‘tough love’ he mentioned in his mid-term fiscal policy statement (MTBPS) for the state-owned enterprises (SOEs) and let go of the underperforming entities that are no longer considered strategically relevant? †
It also remains to be seen whether the finance minister will support Ramaphosa’s ideas, or join the left in the debate over whether the private sector should lead job creation, not the state, writes Erik Naki†
Meanwhile, there is an “undercurrent of” hole volnessin South Africa, at an all-time low in government. Hein Kaiser writes: “Many South Africans have absolutely no idea who the current Minister of Finance is”.
That said, the Twitter sphere is likely to erupt, and online analyst Carmen Murray tells The Vanir-exodus it could fuel socio-political instability.