There had been a lot of worry over the contents of the National Treasury’s presentation to the president a week ago on the sacrifices required to consolidate the budget. The context, as we learnt last week, is tanking tax receipts amid economic malaise, an unemployment crisis and ballooning debt costs.

That noise you can hear is the sound of hundreds of billions of chickens coming home to roost...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.