Godongwana's budget is a mixed bag: COSATU - SABC News - Breaking news, special reports, world,

The country’s labour sector has expressed mixed feelings about the 2024 Budget Speech by Finance Minister Enoch Godongwana.

But both the workers and political parties have raised concerns on allocation to struggling state owned entities, high unemployment rate and government’s announcement of tapping into reserves with some describing the delivery as an elections budget. This has been welcomed by the workers following an announcement of investments in social security for apex departments and a move to not increase the fuel levy.

“We think it’s a mixed bag, there’s some good things, there’s some things that we were quite disappointed by. We appreciated it’s under quite difficult circumstances for government but we had really hoped to see a much more progressive budget which is going to grow the economy, reduce unemployment, really escalate the fight against crime and corruption. We didn’t really get that out of the budget.

“To cut on NSFAS massively like that is an insult to young people of this country, to not have plans on how we are going to grow the economy of this country, to not have a plan on how our municipalities are going to be enhanced and strengthened in terms of more budget,” says the EFF’s Veronica Mente.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Communications Workers' Union plans SABC strike, demands answers over Discovery Digital deal with SABC+Communications Workers' Union plans SABC strike, demands answers over Discovery Digital deal with SABC+
Source: Channel24 - 🏆 48. / 51 Read more »

Ballot paper size amongst IEC's biggest challenges - SABC News - Breaking news, special reports, world,IEC says it is facing challenges while preparing for May's national and provincial elections.
Source: SABCNews - 🏆 37. / 51 Read more »

Ruling on cadre deployment legality expected tomorrow - SABC News - Breaking news, special reports, world,The High Court will deliver judgment in the DA's challenge of the ANC's cadre deployment policy.
Source: SABC News Online - 🏆 32. / 51 Read more »

SIU's R3.3 bln in recoveries leaves SCOPA unimpressed - SABC News - Breaking news, special reports,The SIU says the establishment of the Special Tribunal assisted in fast tracking recoveries.
Source: SABC News Online - 🏆 32. / 51 Read more »

Businesses warn of devastating impact of load shedding - SABC News - Breaking news, special reports, world,Businesses from diverse industries came under one roof to seek clarity on the current state of the power supply in the country.  Ramokgopa presented long and
Source: SABCNews - 🏆 37. / 51 Read more »

Britain's Rwanda asylum plan raises deep concerns - SABC News - Breaking news, special reports, world,The United Nations human rights chief says Britain's Rwanda asylum plan raises deep concerns .
Source: SABCNews - 🏆 37. / 51 Read more »