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FinMin Godongwana to Deliver Budget on Feb 23 - Key Issues on the Agenda

SOUTH AFRICA
  • SOUTH AFRICA FINANCE MINISTER TO DELIVER BUDGET SPEECH FEB. 23

Main issues for the SA Budget:

  • Use of temporary fiscal windfall for permanent grants
  • Public sector wage negotiations with unions* No major tax changes expected
  • Tight stance on allocations for SOEs, only providing to the most at risk
  • Discussion of Eskom unbundling, just transition and load-shedding
  • FinMin Godongwana expected to push to be as tight as possible in continuation from his solid MTBPS performance, but may come under pressure form a struggling ANC to loosen the purse strings on grants
  • These are initial thoughts, a full Preview will come ahead of the meeting
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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