It is the hardest [Mid-Term Budget Policy Statement] ever. And it gets harder every year.— Thabi Leoka
On Wednesday Finance Minister Pravin Gordhan will deliver what could be the most anticipated Mid-Term Budget Policy Statement in South Africa’s history.
The Minister, who is facing his own legal battles, will present the “mini budget” at a time of severe economic strain.
How will Gordhan boost growth while cutting debt; thereby, hopefully, saving the country from a downgrade come December?
Will he hike taxes?
If so, by how much?
Who will be spared, and who will bear the brunt?
How will he address Fees Must Fall?
The Money Show’s Bruce Whitfield interviewed Thabi Leoka, Economic Strategist and Chief Investment Officer at Argon Asset Management.
Listen to Leoka’s expectations in the audio below (and/or scroll down for more quotes from it).
I don’t think tax hikes will be announced now. That will be revealed in the main budget.— Thabi Leoka
We can’t just plaster over something that needs us to solve it permanently. We did that last year with the 0% increase.— Thabi Leoka
Eskom has enough finances for this year, but it’s unsure what’ll happen next year.— Thabi Leoka
Slow growth is a problem for the ratings agencies.— Thabi Leoka
Recommendedby THE NEWSROOM
Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted. Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.
The Money Show's Bruce Whitfield interviews Jabu Mabuza (CEO Initiative) and Prof Osman Mollagee (PWC).
The Money Show’s Bruce Whitfield interviews Hippo Water Roller Project CEO Grant Gibbs.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.
The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.
The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).
Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...