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SOUTH AFRICA: Budget preview – short-term gain, long-term pain?

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Ahead of the 24 February budget, South Africa’s near-term fiscal outlook has improved slightly relative to last October’s disastrous Medium-Term Budget Policy Statement (MTBPS).
This is primarily thanks to exogenous factors, not because President Cyril Ramaphosa’s govern...

 

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SOUTH AFRICA: Budget preview – short-term gain, long-term pain?

Ahead of the 24 February budget, South Africa’s near-term fiscal outlook has improved slightly relative to last October’s disastrous Medium-Term Budget Policy Statement (MTBPS).