Finance Minister Enoch Godongwana will deliver the policy statement in Cape Town this afternoon.
South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg.Economist Frank Blackmore says the country’s tough economic situation will make it difficult for Finance Minister Enoch Godongwana to
“The main issue is going to be how we are going to close the deficit, what are we going to do there. Are we going to increase taxes, are we going to borrow more, are we going to go to our contingency fund, are we going to cut costs?”
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