No mention of 2018 budgetary plans by Gigaba - Stephen Grootes

EWN reporter Stephen Grootes says Finance Minister Malusi Gigaba during his 35 minute discussion with World Economic Forum executive Adrian Monck did not once mention what could be expected in the 2018 budget.

He says he based his discussion on the infamous phrase "inclusive growth" and hardly mentioned "radical economic transformation" at all where in the past he was seen using the phrases interchangeably.

According to Grootes, Gigaba said that he will not change South Africa's spending patterns and will not increase the level of debt for the rest of the financial year.

President Jacob Zuma is expected to speak on Thursday addressing issues of global economy.

Read: People are misunderstanding democracy' Zuma tells Stephen Grootes

Follow the EWN coverage courtesy of Standard Bank.


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