Weak economy muddies budget as downgrade looms:
A sluggish economy and weak revenue mean South African Finance Minister Pravin Gordhan may fail to narrow the budget deficit as quickly as he pledged, putting the nation's credit rating at risk of a downgrade to junk. Gordhan will present his mid-term budget on Wednesday and while he projected in February this year's fiscal deficit would be 3.2 percent of gross domestic product, the shortfall may rather be 3.4 percent of gross domestic product, according to the median of 15 economist estimates compiled by Bloomberg.
Read the full article by here: Johannesburg, South Africa News
Submit and get free press releases here: MyPR Free Press Release.
Click HERE to submit your Johannesburg or Gauteng Press Release.
Source: MyJHB
Read more on MyJHB.
Join the fun: Add Your event | Submit a Press Release | Add your listing.
