Finance Minister Enoch Godongwana is set to deliver South Africa’s 2023 Budget Speech on 22 February at 14h00.

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In the business world, large economic potential is linked to digitisation. A 2017 report by McKinsey claims that: “Digitisation is also transforming globalisation. The amount of cross-border data flows has grown 45 times larger since just 2005 and is projected to increase by an additional nine times over the next five years, as flows of information, searches, communication, video, transactions, and intracompany traffic continue to surge.” Imagine what those numbers are today.

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In his keynote address at the ANC’s 111th celebration in Mangaung in early January 2023, President Ramaphosa said that basic service delivery is at the top of the party’s priorities for 2023.

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According to UNESCO, the global demand for higher education will have increased from 97 million students in 2000 to over 262 million students in 2025. South Africa’s situation is no different from that of the rest of the world, with public institutions being inundated with student applications and private institutions surfacing to benefit from such demand.

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A national state of disaster on the impact of severe electricity supply constraint has been declared.

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Government spending will amount to R6.62 trillion over the next three years. The social wage will take up 59.4 percent of total non-interest spending over this period.

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