Monday, 04 April 2016 10:11

SOUTH AFRICA’S BUDGET HITS RIGHT NOTES BUT WON’T STAVE OFF DOWNGRADE Featured

In times of crisis budget speeches are usually a lugubrious affair. The first by finance minister Pravin Gordhan since his return to the post is somewhat cheerful.

 

He did well to highlight the tough economic times we are in, but did not compound the gloom with big announcements of structural reforms. Yet it is necessary to take the pain now, and have gratification later.

 

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