“South Africa is really getting deeper and deeper into the hole. Tax revenue is less than expected, the savings they told us they were hoping for in February have not materialised. The growth projections are down and our debt-to-GDP ratio is just heading in the wrong direction so at least this was an honest speech and budget set of projections from the minister”, says Ann Bernstein commenting on the Medium Term Budget Policy Statement October 2019 on 702 FM
