South Africa’s 2024 Budget Speech, delivered by Minister Enoch Godongwana, addressed the nation’s economic situation, government reforms, and commitment to social justice and international leadership. The speech acknowledged the obstacles to growth, but also highlighted opportunities for progress and transformation. Minister Godongwana outlined plans to tackle electricity scarcity, invest in renewable energy, transition the automotive industry to electric vehicles, and allocate resources for employment schemes and education. Overall, the budget speech provided a clear roadmap for South Africa’s economic future and demonstrated the government’s dedication to building a more prosperous and equitable nation.
The Minister of Public Enterprises, Mr. Pravin Gordhan, recently addressed the unfounded claims made by the DA. He believes that these claims are intended to mislead the South African public, gain political advantage, and destabilize the ongoing work to rebuild stateowned enterprises (SOEs). Minister Gordhan emphasizes that neither he nor the department will be deterred from their efforts to stabilize SOEs, enhance their governance, provide them with skilled leadership, and enable them to spearhead the government’s developmental and transformation agenda.