CAPE TOWN – Finance Minister Tito Mboweni will soon deliver the 2019 Budget Speech in the National Assembly today.
South Africans are waiting anxiously asking questions around what Mboweni will announce in a budget to restore fiscal discipline while balancing it with the needs of the poor?
There is also a major concern as to how the budget will affect small to medium businesses, state-owned enterprises and taxes.
Some analysts believe that Eskom and other SOEs are unlikely to receive meaningful additional backing but South Africans think that because Mboweni belongs to the ruling party, he will make decisions in their favour.
Recently, the rand weakened on market fears that the minister’s maiden budget could come across as weak and negatively impact the rand.