Economy gets a revamp

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
SA Reserve Bank governor Lesetja Kganyago has announced a radical proposal to change the country’s monetary policy framework. Photo: File
SA Reserve Bank governor Lesetja Kganyago has announced a radical proposal to change the country’s monetary policy framework. Photo: File

BUSINESS


In his presentation to the ANC lekgotla this week, Godongwana said the country’s revised GDP statistics showed that the economy was 11% larger last year – about R550 billion bigger – creating fiscal room for government spending.

He said the country’s baseline fiscal position had improved since February, and government’s primary focus should be on how the proceeds of the fiscus were used and how the funds could be efficiently allocated.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
Some parts of the City of Johannesburg have become dilapidated, with potholes, piles of garbage and the stench of urine now being the prominent features of these areas. Who is responsible for the deteriorating state of these areas?
Please select an option Oops! Something went wrong, please try again later.
Results
Government failure
82% - 42 votes
Residents
8% - 4 votes
Overpopulation
10% - 5 votes
Vote