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As South Africans find themselves digging deeper into their pockets for essentials such as food and clothing, will Finance Minister Pravin Gordhan be able to offer any respite or solutions?
This afternoon he is due to present the mid-term budget policy statement to Parliament in Cape Town. Here’s why his “mini budget” speech is so important: It’s been a hectic few weeks. The economy has tanked, he is facing fraud charges, and South Africa desperately needs to avoid a credit rating downgrade.
The statement highlights government priorities with regards to its spending over the next three years.
