As many South Africans run out of money before their next pay cheque, it seems the country as a whole could be running out of money as well.
This comes after Minister of Finance Enoch Godongwana tabled his Medium-Term Budget Policy Statement earlier this week in Parliament and to the nation.
CEO of Debt Rescue, Neil Roets, said he was concerned about what the Minister’s spending cuts and tax increases would mean for the country’s stability, and more importantly, the economic stability of citizens already buckling under the weight of the unsustainable cost of living.
Ahead of the Minister’s