Ina Opperman
Business Journalist
4 minute read
5 Nov 2021
4:50 pm

Medium-term budget has to be a business-friendly balancing act

Ina Opperman

All eyes will be on Godongwana to see if he keeps Mboweni’s policies to stimulate fiscus and business growth, and create jobs

Picture: iStock

The Medium-Term Budget Policy Statement (MTBPS) should be business-friendly to avoid real fiscal difficulty in the next two to three years. It will require a balancing act from new finance minister, Enoch Godongwana, as well as address the debt-to-gross domestic product (GDP) ratio. The MTBPS, scheduled for Thursday, will tell the market where the governing party is taking our finances. Economists and analysts hope to see the minister prioritise policies that grow the economy and ease South Africa out of its tight, debt-heavy fiscal position. “All eyes will be on Godongwana to see if he keeps his predecessor Tito Mboweni’s...