What to expect from Pravin Gordhan’s (inordinately anticipated) “mini budget”

It is the hardest [Mid-Term Budget Policy Statement] ever. And it gets harder every year.

Thabi Leoka

On Wednesday Finance Minister Pravin Gordhan will deliver what could be the most anticipated Mid-Term Budget Policy Statement in South Africa’s history.

The Minister, who is facing his own legal battles, will present the “mini budget” at a time of severe economic strain.

How will Gordhan boost growth while cutting debt; thereby, hopefully, saving the country from a downgrade come December?

Will he hike taxes?

If so, by how much?

Who will be spared, and who will bear the brunt?

How will he address Fees Must Fall?

The Money Show’s Bruce Whitfield interviewed Thabi Leoka, Economic Strategist and Chief Investment Officer at Argon Asset Management.

Listen to Leoka’s expectations in the audio below (and/or scroll down for more quotes from it).

I don’t think tax hikes will be announced now. That will be revealed in the main budget.

Thabi Leoka

We can’t just plaster over something that needs us to solve it permanently. We did that last year with the 0% increase.

Thabi Leoka

Eskom has enough finances for this year, but it’s unsure what’ll happen next year.

Thabi Leoka

Slow growth is a problem for the ratings agencies.

Thabi Leoka

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

Robert Mugabe turns 93 (throws lavish party, despite Zim's grinding poverty)

State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

Shoprite makes 100 transactions per second (and added 7144 jobs in 6 months)

That’s 6000 per minute… 360 000 per hour… 8.64 million per day… You get the idea. Shoprite is rocking!

How fuel prices are really determined

How fuel prices are really determined

The Money Show’s Bruce Whitfield interviews oil and energy expert Rocco Strydom.

Money makes the world go 'round (but sex makes it spin!)

Money makes the world go 'round (but sex makes it spin!)

Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).

The rate of change is rapid (and increasing). But we’ve been here before...

The rate of change is rapid (and increasing). But we’ve been here before...

Bruce Whitfield interviews Prof Ian Goldin, author of “Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance”.

Single best JSE investment right now (by First Avenue Investment Management)

Single best JSE investment right now (by First Avenue Investment Management)

You should make lots of money (while you sleep!) if you invest in this company suggested by Investment Analyst Nadim Mohamed.

Popular articles
Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Eek! Cape Town Mayor Patricia de Lille goes door-to-door to scold water-wasters

Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

Why the iconic Nokia 3310 is so appealing (and making a comeback!)

The most resilient and reliable phone ever made is making a comeback and some are saying it's long overdue. Here's why.

I have suffered backlash from white people (and black people) - Kasi Mlungu

I have suffered backlash from white people (and black people) - Kasi Mlungu

Anita Ronge, famously known as Kasi Mlungu, talks music career, race and township lifestyle with Eusebius McKaiser.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.