First Take SA

Analysis: Finance minister to deliver the Medium-term Budget Policy Statement


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Finance Minister Enoch Godongwana is set to deliver the Medium-Term Budget Policy Statement today, and for a welcome change, South Africa's economic outlook is looking up. The country's recovery from the pandemic has been driven by decreasing inflation, easing interest rates, and increased energy security, showcasing the economy's resilience. Minister Godongwana is expected to highlight these positive trends, the lower political uncertainty and the benefits of the "two-pot system" withdrawals. Tax revenues are also on the rise, and business and consumer confidence are bolstering the economy. To dive deeper into these developments, Elvis Presslin spoke to Waldo Krugell, a Professor of Economics at Northwest University

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