Business and ratings agencies eye medium-term budget for evidence of turnaround
Steps to halt the slide in the government’s finances and action on parastatals such as Eskom will be crucial
10 October 2019 - 19:51
Business wants the government to send a signal to SA in the medium-term budget policy statement that it is dealing with problems like the rising public sector wage bill, ailing state-owned entities and the deterioration of public finances.
The medium-term budget, which will be delivered at the end of October, is being seen as an inflection point for SA’s economy. It will happen at a time when the country is awaiting important decisions, including the restructuring of power utility Eskom, which has become a growing burden on the state’s finances...
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