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Why Pravin needs a good budget but why it still won’t save SA from junk – economist

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This week’s Medium Term Budget speech will most likely be the country’s most watched. The man delivering it, Finance Minister Pravin Gordhan, is currently facing ‘trumped up’ charges of fraud, as the political elite seek to protect personal interests.

While the local public will watch with hands in pockets as there could be mutterings of increased taxes, specifically targeting the wealthy, as revenue shortfalls need to be filled up come February next year.

And from a global standpoint, it’s the rating agencies that will have a keen eye on proceedings, as they look for triggers to maintain or downgrade South Africa.

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