South Africa is at risk of running out of money by March 2024

Finance Minister Enoch Godongwana issues a stark warning about South Africa's financial outlook, emphasizing the urgent need for significant spending cuts, The Reserve Bank also signals an impending cash shortfall. Without intervention, state cash reserves could be depleted by the end of March 2024 if the government doesn't freeze new public service jobs, stop infrastructure procurement contracts, and limit public servant salary increases amongst other things.

#budget #finance #government #politics #SouthAfrica #debt
#budget #finance #government #politics #SouthAfrica #debt