BN Edge | Mini-budget unpacked, with Finance Minister Enoch Godongwana

Two days after telling Parliament that South Africa had emerged from the fiscal wilderness, Finance Minister Enoch Godongwana gave up part of his weekend to explain what that did and didn't mean. He conceded the tax burden had reached levels no finance minister should be comfortable with, and that growth of 1.2% was a long way from where he wanted it. His answer was not more tax, but cleaner spending and a hard look at the rules he said had stopped gas explorers in South Africa before they struck in Namibia, and left mining exploration far behind Canada and Australia. He also defended sending more money to failing municipalities, signalled a rethink on crypto, and set the record straight on his clash with the Reserve Bank governor.