Tax & Spend
South African Budget Eyed by Investors for Further Reform Steps
- Budget will be first since formation of a coalition government
- Minister to outline plans to boost infrastructure investment
Enoch Godongwana
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
The new South African coalition government’s resolve to control debt and expedite reforms to fire up the lackluster economy will be put to the test when it unveils its first budget on Wednesday.
Finance Minister Enoch Godongwana’s mid-term policy statement will provide an early glimpse at the priorities of the alliance forged between the African National Congress, the business-friendly Democratic Alliance and eight smaller rivals after elections in May failed to produce an outright winner.