Gordhan Budget Looks to Steer South Africa From Junk Rating

  • Debt to increase and deficit closure to slow as growth weakens
  • Higher taxes, spending cuts may help to narrow budget gap

South African Finance Minister Pravin Gordhan faces a tough challenge: restoring confidence in economic policy, keeping the nation from losing its investment-grade credit rating and staving off recession.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.