Ashleigh Theophanides
The Medium-Term Budget Policy Statement (MTBPS), due to be tabled on Thursday, is unique for several reasons.
Firstly, the mini-budget comes as global economies are starting to adapt to life and build their economic recoveries around living with the virus as the new normal. The growing realisation that the global recovery is expected to be K-shaped – with some countries recovering and growing quickly, while others struggle through resurging cases and falling into a low-growth trap, constraining the ability to expand spending significantly while facing renewed Covid challenges.
While South Africa has shown signs of an economic recovery, without addressing structural challenges, the country runs the risk of growing along the lower leg of the K.
On top of this, the South African health system has continued…
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Saturday Star (Digital) - 1 Issue, 2021-11-06