Tarryn Sankar, Head of Credit in the Fixed Income team at STANLIB Asset Management, says the MTBPS was in line with expectations on fiscal slippage. Notably, the Minister of Finance announced little support for SOEs and specifically did not address Transnet’s financial position. The focus on innovative ways to fund infrastructure projects and create opportunities for the private sector to participate, is welcomed. Tarryn expects the credit rating agencies will watch SA’s ability to maintain a sustainable revenue path.