n Farmer’s Weekly - Crucial to keep budget promises : market analysis

Volume 2016, Issue 16010
  • ISSN : 0041-848X



Credit agencies will be monitoring government closely for the implementation of the promises made by Minister of Finance Pravin Gordhan in his recent budget speech. Following the country's previous credit downgrade, it had been expected that government would be guided by the National Development Plan and invest in productive assets and infrastructure to bolster growth. Instead, it has increased the public sector wage bill and other expenditure beyond SA's means.

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