However, the social grant increases announced by Finance Minister Tito Mboweni are less than inflation.
The controversial appointment emerged in October as Mboweni prepared his Medium Term Budget Policy Statement.
Tito Mboweni responded to a parliamentary question on how the government would inspire confidence in pension funds contributors and administrators.
Tito Mboweni said this will ensure that South Africa is among the first countries to get the vaccine once it is found.
Tito Mboweni said South Africans could subscribe to shares of the new SAA through subscription agreements.
Tito Mboweni said this proposal is part of the government’s wider efforts to address South Africa’s looming debt crisis.
Finance Minister Tito Mboweni has once again signalled his scepticism about SAA’s future, questioning whether the country needs a national airline or not.
Finance Minister Tito Mboweni has revealed that a feasibility study for a state bank is now complete.
Nedbank says Moody’s sceptical reaction to Tito Mboweni’s MTBPS is a sign that a downgrade could be on the way.
Mboweni said South Africa’s economy is expected to contract by 7.8 percent this year, but will rebound to 3.3 percent growth next year.