Gondongwana faces fiscal mountain
JOHANNESBURG - Finance Minister, Enoch Godongwana, will deliver his medium-term budget policy statement on Wednesday.
He's expected to outline government's policy goals and macroeconomic forecasts for the next three years.
READ: Budget speech 2024 | Government boosts taxes and social spending
It comes after the first interest rate cut in four years, with hopes of it being the beginning of a rate-cutting cycle.
Inflation is also easing, but economist, Iraj Abedian, says the Minister still has a mountain to climb.