What to expect from Pravin Gordhan’s (inordinately anticipated) “mini budget”

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

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Budget 2017 and tax: The good (there is some), the bad and the ugly

Budget 2017 and tax: The good (there is some), the bad and the ugly

The Money Show’s Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.

Pravin Gordhan explains his “Robin Hood” Budget Speech

Pravin Gordhan explains his “Robin Hood” Budget Speech

The Money Show’s Bruce Whitfield gets post-Budget analysis from the horse’s mouth.

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

That’s 6000 per minute… 360 000 per hour… 8.64 million per day… You get the idea. Shoprite is rocking!

How fuel prices are really determined

How fuel prices are really determined

The Money Show’s Bruce Whitfield interviews oil and energy expert Rocco Strydom.

Money makes the world go 'round (but sex makes it spin!)

Money makes the world go 'round (but sex makes it spin!)

Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

How to be happier (and more fulfilled) at your job (whatever it is)

How to be happier (and more fulfilled) at your job (whatever it is)

Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.

SA Weather Service warns Gauteng of heavy thunderstorms

SA Weather Service warns Gauteng of heavy thunderstorms

Gauteng will yet again experience heavy thunderstorms on Friday, according to the South African Weather Service.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.