South Africans will have to contend with higher taxes and spending cuts next year. Finance Minister Pravin Gordhan delivered the government's medium term budget on Wednesday, warning of tough times ahead. The budget showed some fiscal consolidation, but also rising debt over the next three years. There have been mixed reactions to the speech, with most quarters praising the Minister for managing the budget in a weak economic climate. Sumitra Nydoo, filed this report.
- Category
- South Africa
Be the first to comment
Up Next
Autoplay
-
02:17
Egypt Economic Reforms: New Measures To Include Higher Taxes, Fewer Food Subsidies
-
02:00
South African Finance Minister Issues Warning To Banks Implicated In Graft
-
01:06
South Sudan: 30% Less emergency food aid as UK cuts foreign spending
-
00:44
South African Markets Celebrate Dropping Of Charges On Finance Minister, Rand Up 1.6%
-
05:24
South African President Orders Finance Minister To Abort Investor Roadshow
-
05:13
No Clarity On Whether South African Finance Minister Has Been Fired
-
03:32
South African Mine Union, AMCU, Sibanye Gold Settle On Higher Wage
-
01:04
South Africa Waiting On Next Move In Finance Minister Saga
-
02:44
S. African Finance Minister To Appear In Court On Nov. 2
-
07:14
South African Finance Minister Issued With Summons
-
59:15
The Chinese are Coming
-
00:50
Olympics: Uganda strikes 10,000m gold as Morocco, Egypt advance in football
-
02:13
BREAKING: President of Mali held in 'coup' by soldiers
-
01:11
Malawi's former VP files complaint against president
-
07:40
Breaking Sex-Ed taboos in South Sudan
