Though President Cyril Ramaphosa’s administration has promised a large-scale infrastructure investment drive, Wednesday’s budget suggests this is still more spin than substance, says Nedbank chief economist Nicky Weimar.

In a fiscal strategy lauded for its commitment to spending restraint and reducing debt, the budget emphasised a shift away from spending items such as compensation towards fixed investment in a bid to boost growth and create jobs. ..

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now