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SOUTH AFRICA
SOUTH AFRICA: Quick reminder, the South African finance ministry today unveil
their medium-term budget today to "provide the country, and its elected
representatives an update on national treasury's assessment of the current
economic climate and outlook".
-This follows the release yesterday of the turnaround plan for beleaguered
utility Eskom, but the release stopped short of proposing any debt
restructuring.
-It's expected to be a pretty downbeat update, with unemployment high and tax
revenue low. Further guarantees for SOEs are expected.
-FinMin Mboweni presents at 2pm local time (1200GMT/0800ET)
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com