Finance minister Enoch Godongwana has delivered his maiden budget speech, holding a tight grip on spending and generally sticking to the plans laid out by his predecessor, Tito Mboweni.
While the market has reacted favourably to this stance – where the government aims to keep expenditure under control and bring debt levels to acceptable levels – the Medium-Term Budget Policy Statement (MTBPS) was also full of misses.
Notably, the finance minister did not bring any certainty to major policies that have clouded investor sentiment over the past year – such as the basic income grant, Gauteng’s e-tolling issue, and national health […]
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