Ominous warning signs that the country’s finances have sharply deteriorated were cemented in finance minister Tito Mboweni’s medium-term budget policy statement (MTBPS) on Wednesday.

It revealed deep revenue shortfalls, continued spending pressure on state-owned entities (SOEs) and ballooning government debt levels in the coming years.

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 exclusive Financial Times articles, 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