Ramaphosa signs money bills into law

President Cyril Ramaphosa has signed a number of money bills into law.

One of the bills is the Adjustments Appropriation Bill which indicates the government's spending priorities for the year.

Joanne Joseph speaks to Eyewitness News parliamentary correspondent Babalo Ndenze about the bill.

What this really means is it was an opportunity for National Treasury to correct any unfairness in what they viewed in the original budget that was passed earlier in the year.

Babalo Ndenze, Parliamentary correspondent - Eyewitness News

According to this Appropriations Budget, [there was] R25.3 billion worth upward adjustment in the budget of which I think over R16 billion was earmarked for SOEs specifically.

Babalo Ndenze, Parliamentary correspondent - Eyewitness News

The president also signed the Division of Revenue Bill and the Taxation Laws Amendment Bill.

Listen to the full interview below...


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