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
Saica to launch KPMG probe (not so fast, says IRBA)

Saica to launch KPMG probe (not so fast, says IRBA)

The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.

Sarb leaves interest rates unchanged. Because politics...

Sarb leaves interest rates unchanged. Because politics...

The Money Show’s Bruce Whitfield interviews Liberty SA Retail Consumer Economist Tendani Mantshimuli.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Bruce Whitfield interviews Iskander to learn about her non-profit company that partners with South African employers.

Popular articles
Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

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.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

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?