Assessments

South African Finance Minister Enoch Godongwana on Nov. 1, 2023, delivers his midterm budget policy statement in Cape Town.

Adjustments to South Africa's budget will likely stave off public anger in the short term, but only postpone fixing macroeconomic and socioeconomic problems.

To Cope With Low Economic Growth, South Africa Announces Limited Budget Cuts

To Cope With Low Economic Growth, South Africa Announces Limited Budget Cuts | RANE

Highlights

Adjustments to South Africa's budget will likely stave off public anger in the short term, but will not address South Africa's fundamental macroeconomic challenges and worsening socioeconomic problems, portending waning support for the ruling party beyond next year's election.

ASSESSMENTS

To Cope With Low Economic Growth, South Africa Announces Limited Budget Cuts

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