SOUTH AFRICA: Supplementary budget in the crossfire

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Criticism of the Treasury’s “austerity” budget may generate noise, though parliamentary approval of appropriation bills is normally a formality. Another source of tensions – and doubts over promised spending cuts – will be the battle over additional funds for South African Airways (SAA)’s business rescue. Finally, growth concerns will be compounded by the potential need for fresh lockdowns, as Gauteng looks poised to overtake the Western Cape as the epicenter of South Africa’s Covid-19 outbreak. Credibility deficit Barely two weeks in, Mboweni’s supplementary budget
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