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EM Drop-In: South Africa 2024 budget – Will Godongwana hold the line?

There’s even greater scrutiny on South Africa’s fragile fiscal position as pressure to increase spending builds ahead of this year’s election. In the coming week, all eyes will be on Finance Minister Enoch Godongwana’s budget speech to see if the government will resist pressure to spend and stick to its commitment to restoring fiscal sustainability.

Our Emerging Markets team held on online briefing shortly after the speech to give their immediate response to the budget and what it means for South Africa’s fiscal picture.

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