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Budget will inspire confidence - Gordhan

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Finance Minister Pravin Gordhan. (Photo: GCIS)
Finance Minister Pravin Gordhan. (Photo: GCIS)

Johannesburg - South Africa needs to make tough decisions about how it runs its finances and next month's budget will inspire confidence in a struggling economy, Finance Minister Pravin Gordhan said on Friday.

South Africa has stumbled in recent months with slowing growth, a tumbling rand, rising government spending and waning investor confidence in the ability of its political leaders to revive Africa's most developed economy.

"We'll have to make some tough decisions about how we run the finances of the country," Gordhan told 702 Talk Radio. "I can assure you that we are working together on a budget that is credible and can inspire confidence in our country."

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