All eyes on Gordhan ahead of much-anticipated medium-term budget speech

All eyes are on Finance Minister Pravin Gordhan as South Africa awaits the Medium-Term Budget Policy Statement in Parliament today.

Gordhan delivers the statement amid big political and economic developments, among them a scheduled court appearance on November 2 on a fraud charge, allegations of state capture and poor economic performance.

In an interview with 702's John Robbie, Dr Iraj Abedian - who is a chief economist at Pan African Investment and Research Services - said there are various competing interests which will inform his approach.

I'm sure he'll make reference to the damage that such environments - political instability and policy inconsistency -exerts on the economy.

Dr Iraj Adebian, Pan African Investment and Research Service

Deputy President Cyril Ramaphosa, Minister Aaron Motsoaledi and Gwede Mantashe have recently come out in support of Gordhan in what has been seen as a political witch-hunt against him by President Jacob Zuma.

Listen to the interview below:

The rating agencies are not the force itself, they are the source of defining the rate at which government can borrow.

Dr Iraj Abedian, Pan African Investment and Research Services
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