South Africa Drop-In: Unpacking the Medium Term Budget Policy Statement

Our Emerging Markets team gave our clients their immediate reaction to the Medium Term Budget Policy Statement (MTBPS) on 26th October. The team addressed key issues, including:

• Whether the government will spend or save this year’s revenue windfall;
• If there’s a solution to the Eskom problem;
• The credibility of plans to stabilise the public debt ratio.