Old Mutual Group says SA’s national budget, which will be presented in parliament on Wednesday, is one of the toughest budgets in years as it takes place against a backdrop of economic recovery efforts and possible fiscal slippage.

Old Mutual Group chief economist Johann Els said on Thursday that he expected the Treasury to continue on a path to fiscal consolidation, albeit at a slower pace than previously envisioned, “due to deteriorating fiscal ratios and the pressing need to balance economic recovery with fiscal prudence”...

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