After our new Finance Minister Enoch Godongwana delivered his first Medium Term Budget Policy Speech, ERSA’s host speaks to Isaah Mhlanga, a Chief Economist at Alexander Forbes and ERSA fellow, to reflect on the much-anticipated speech. Did the MTBPS build confidence among South Africans and how did markets respond? In this podcast, we learn more about our new Finance Minister; what makes him different and how he is managing both political and social tensions that have been exacerbated since the pandemic. Riding off a recent commodity boom and tax revenue shortfall, were funds spent in the last year, well spent, and how can we live within our means going forward? Still navigating a strained fiscal environment means we must consider the broader components of aggregate demand to stimulate economic growth and create a business-friendly environment. Using his humour, Isaah highlights why this was such a positive speech. To learn more about Enoch Godongwana’s pragmatic approach, take a listen and share with all those interested – it is not to be missed.
The beat used in this production, called ‘Resolutions’, is royalty free and can be found at freebeats.io.