South Africans have high expectations for the upcoming mid-term budget speech
Business Report cites the recent South African Citizens Survey (SACS) data in explaining that, despite President Ramaphosa’s high profile courting of investors to kickstart the economy, South Africans are expecting immediate and tangible feedback on the ANC’s growth plan from Finance Minister Tito Mboweni in his upcoming Medium-Term Budget Policy Statement.
“Recent events have affected the belief that the country is heading in the right direction, showing a downswing of 4%, dropping from 35% in Q1 down to 31% in Q2 2019. A significant contributor to this decline has been the growth in unemployment which has reached its highest levels since 2003.”
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Picture: Finance Minister Tito Mboweni. Picture: Dimpho Maja/African News Agency (ANA)