It’s a tight political and fiscal moment.
The story we’re following closely is what, in a country under cost-of-living pressure, will government choose to fund, and what it chooses not to. We’re also watching to see who ends up paying for some of these hard choices.
We’re seeing the Budget land with when debt is still high, growth is still weak, and the costs of servicing old debt is eye-watering.
Everyone is watching how the Government of National Unity responds to what is said, especially after last year’s political ructions following a proposed, then back-pedalled, VAT increase.
Image: Business Leadership South Africa.
