Finance minister Enoch Godongwana’s medium-term budget policy statement (MTBPS) followed the path of fiscal consolidation mapped out by his predecessor, Tito Mboweni, maintaining efforts to narrow the government’s budget deficit and stabilise SA’s still troublesome debt trajectory. 

But substantial risks to the improved fiscal outlook and the underlying economic recovery remain, which could undo the effort to close the “hippo’s mouth” and avoid the sovereign crisis Mboweni warned of. ..

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