Finance Minister Tito Mboweni has provided some relief to prospective buyers looking at investing in South Africa’s property market.
Government’s decision to cut the wage bill of public servants by more R160 billion over the next three years has sparked an angry reaction from labour unions.
Finance Minister Tito Mboweni’s budget for the 2020/21 fiscal year was delivered at the backdrop of a synchronised global economic slowdown.
Economists have warned that government’s failure to reach an agreement with unions could worsen its financial position.
Finance Minister Tito Mboweni has cautioned against relying on government employee pension savings as the only source of funding to rescue Eskom.