All eyes will be fixed on South African Finance Minister Malusi Gigaba this week when he delivers his first Medium-Term Budget Policy Statement (MTBPS) amid concerns about the fiscal challenges, widespread perceptions of government corruption and wasteful expenditure. Gigaba, who took over the reigns of National Treasury following the controversial firing of Pravin Gordhan in April, will have his work cut out as he sets out the fiscal policy objectives and spending priorities over the three-year expenditure period.
Source: www.engineeringnews.co.za
Taxes, bailouts and political instability: Gigaba to deliver inaugural MTBPS
