Godongwana on a tightrope with risks on every side
18 February 2024 - 00:00
In an election year, there is naturally concern about possible populist decisions that could exacerbate the country’s already fragile fiscal position. Both domestic and international investors expect a sharp deterioration in key fiscal metrics (budget deficit and government debt). But despite investor concerns of any possible fiscal policy changes, the 2024 budget is more likely to preserve the current administration’s record of avoiding new pre-election populist policies and expenditure...
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