Holding the line: Finance Minister Enoch Godongwana (centre), who has been in the job for just 100 days, arrives for his mid-term budget presentation to parliament. He said growth, which relied on economic reforms, was imperative. (Dwayne Senior/Bloomberg/Getty Images) Declaring that he was staying the course set by his predecessor, Finance Minister Enoch Godongwana on Thursday committed to fiscal consolidation, refused further handouts to state-owned enterprises and said extending social relief distress grants would mean spending cuts elsewhere.
With debt at R4-trillion, there was no room to exceed the spending limits set out in his maiden medium-term budget policy statement […]
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