Supplementary Budget 2020
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Why Budget 2017 was unusual

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Cape Town - Budget 2017 was unusual due to the tough economic environment in 2016 and SA narrowly having avoided going into recession, according to independent economist Sandra Gordon.

She was the guest speaker at the monthly networking forum of the Western Cape Business Opportunities Forum (WECBOF) on Wednesday evening.

"The slow SA economy has led to little revenue, which put a squeeze on Treasury. Ratings agencies are concerned that SA is building up debt so quickly and the country sits right on the line between being investment grade or junk," said Gordon.

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