For each government rand spent, 20c is borrowed – Sakeliga quarterly report
25 February 2020
“Minister Tito Mboweni has to cut spending, not increase taxes. This is the bottom line for a government that currently borrows 20c for every Rand spent, as Sakeliga’s latest quarterly report shows.”
So says Piet le Roux, CEO of Sakeliga, in anticipation of the 2020 Budget Speech on 26 February and based on the latest installment of Sakeliga’s quarterly Economic Update for Business Decision-makers. The report, produced in association with ETM Macro Advisors, shows a marked deterioration in budget stress indicators since mid-2018.”
The five-page report provides a business and economics dashboard, with an overview of key economic barometers. It currently points to difficult conditions for business and employment. Government fiscal stress is regarded as the biggest risk for businesses.