How world sees SA ahead of Budget 2016: Zuma is not up to task, trust gone
South Africans are not only paying for a collapse in commodity prices – but for growing questions over whether President Jacob Zuma is up to the task)
South Africans are not only paying for a collapse in commodity prices – but for growing questions over whether President Jacob Zuma is up to the task)
Head of interest rate process at Futuregrowth, Wikus Furstenberg, has been crunching the numbers Finance Minister Pravin Gordhan has to work with ahead of Wednesday’s Budget.
Economist Brian Kantor thinks austerity will not be enough to improve South Africa’s credit rating, and instead believes privatisation would do the trick.
South Africa needs to make tough decisions about how it runs its finances and next month’s budget will inspire confidence in a struggling economy, says Pravin Gordhan.
Read the full Mini Budget speech, given by finance minister Nhlanhla Nene
Finance Minister Nhlanhla Nene has not strayed much from the more austere fiscal path adopted last year and his Mini Budget tabled in parliament on Wednesday did not contain any big surprises.
“It is certainly victory to the students today whose express intention was to disrupt the Mini Budget Parliament speech. They succeeded.”
Protesting University of Cape Town students have started making their way to Parliament ahead of Finance Minister Nhlanhla Nene’s Mini Budget.
In rugby parlance, South African Finance Minister Nhlanhla Nene has been given the mother of all hospital passes. He is being pressed from all sides to “do something” about an economy that is sliding ever closer to full blown recession.
Two weeks before Finance Minister Nhlanhla Nene publishes revised growth forecasts, the IMF cut its estimate for 2015 to 1.4 percent from 2 percent.