Is now the time to tap into rainy-day fund?

29 October 2023 - 00:00 By Sunday Times Editorial

When finance minister Enoch Godongwana and his team at the National Treasury met President Cyril Ramaphosa at the Spier Wine Farm in September, their message was unequivocal. The government would have to raise VAT or close dozens of state programmes to lower spending to enable the continued payment of the R350 social relief of distress (SRD) grant beyond March next year. ..

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