Having listened to more budget vote speeches than is probably healthy in the past two weeks, we seem to have run into the classic government problem.

It was like being in a pick-and-mix sweet shop, though one wonders if there was any central control of the messaging. You could take what you wanted. The bullish bond investor — the line from the Treasury on a sacrosanct fiscal framework; the bullish infrastructure funders — the big numbers flying around (and work on water especially); the bearish equity investor — the referenced blockages to spectrum auctions; the perplexed offshore international financial institution — the madness of minister Gwede Mantashe’s call to be an oil and gas superpower. ..

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