BUDGET | Plenty of 'welcome' surprises but did Mboweni dig himself a hole with social grants?

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
Despite the applause around allocation for Covid-19 vaccines, government debt, the public wage bill and the cut in social grants remain thorny issues in this year's budget. Photo: Jaco Marais
Despite the applause around allocation for Covid-19 vaccines, government debt, the public wage bill and the cut in social grants remain thorny issues in this year's budget. Photo: Jaco Marais

After Finance Minister Tito Mboweni delivered the 2021 budget on Wednesday, analysts and political parties welcomed the reprioritisation of expenditure towards Covid-19 vaccines.

They were also pleasantly surprised by no tax increases and no introduction of new taxes, even though government has been touting a wealth tax for a while.

However, projections of government debt - though lower than in October 2020 - the public wage bill, and the cut in social grants remain thorny issues

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
Rand - Dollar
16.01
+1.1%
Rand - Pound
21.19
+1.7%
Rand - Euro
18.05
+1.2%
Rand - Aus dollar
11.36
+1.7%
Rand - Yen
0.14
+0.9%
Gold
1,774.48
-0.6%
Silver
22.81
-0.4%
Palladium
1,735.50
-3.6%
Platinum
938.50
-2.9%
Brent Crude
73.44
+1.0%
Top 40
64,064
+0.7%
All Share
70,475
+0.7%
Resource 10
67,251
+2.6%
Industrial 25
93,123
-0.8%
Financial 15
13,591
+1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot