Achieving the government’s debt stabilisation aims depends on “difficult negotiations” with public sector unions, Fitch Ratings said after finance minister Tito Mboweni’s high stakes medium-term budget policy statement (MTBPS) presented to Parliament on Wednesday.

The medium-term budget painted a slower path for fiscal consolidation hinging on steep cuts in public servant pay...

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