As SA’s fiscal position has steadily worsened in recent years, each budget and medium-term budget policy statement (MTBPS) seems to take on more significance as the public and investors look for signs that SA’s politicians understand the precariousness of the country’s finances and will make hard political choices to tackle this.

Invariably, however, it has been left to the Treasury to paper over the cracks left by politicians’ inability to deliver on spending cuts and redirect government spending towards investment rather than consumption, and their failure to move on policy reform...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now