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    Home » South Africa’s Treasury faces pressure to soften spending cuts
    ECONOMY

    South Africa’s Treasury faces pressure to soften spending cuts

    September 17, 2023
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    Enoch Godongwana - Minister of Finance
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    The South African Treasury is facing pressure to weaken its proposed spending cuts.

    1. The cuts could have threatened a popular monthly grant program that supports millions of South Africans.
    2. During a cabinet meeting, ministers rejected the Treasury’s plans to reduce spending.
    3. The decision to water down the cuts aims to safeguard the grant program and its beneficiaries.
    4. There are concerns about the potential consequences of reducing support for the grant program, both socially and politically.
    5. Many South Africans rely on the monthly grant to meet their basic needs and sustain their livelihoods.
    6. The move to soften the spending cuts may be driven by a desire to maintain public support and mitigate potential backlash.
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