Gordhan must close R30bn funding gap to avoid downgrade – economist

February 9, 2016

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Standard Bank economist Goolam Ballim estimates that Finance Minister Pravin Gordhan has a yearly funding gap of between R30-billion and R50-billion to close through a combination of expenditure cuts and tax hikes in his upcoming Budget in order to stave off a mid-year credit-rating downgrade to junk.

Category: General