In the medium-term budget in October, finance minister Tito Mboweni increased the budget deficit forecast to 4.3% from 3.8% for the 2018/19 financial year. However, a Reuters poll suggests that he is likely to try to appease ratings agencies by trimming that forecast on growth hopes. But the risk that Eskom poses to the growth trajectory, along with other domestic issues such as the slump in mining production and job cuts, makes that growth seem extremely elusive? Econometrix chief economist Azar Jammine joined Business Day TV to discuss the poll and what Mboweni might say in his budget speech.

Or listen to the full audio:

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 Times Select.

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