Budget 2024 | Tapping SA’s R500bn reserves might be the rabbit in Godongwana’s hat

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Enoch Godongwana  Picture: Gallo Images

Enoch Godongwana Picture: Gallo Images

The rabbit in the fedora-wearing finance minister’s hat is a potential drawdown from the nation’s about R500 billion of contingency reserves.

Godongwana will present his budget on Wednesday. It comes in the same week that President Cyril Ramaphosa is likely to declare the date for the elections. Opinion polls show the ruling ANC will lose its national majority for the first time since it came to power three decades ago.

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