WATCH: #Budget2017 - wait and see continues regarding ratings agencies

2017-03-02 17:28
Tumisho Grater is an economic strategist at Novare Actuaries and Consultants.

Johannesburg - From a credit ratings point of view, it still very much remains a case of wait and see after Budget 2017 was delivered by Finance Minister Pravin Gordhan recently.

This is the view of Tumisho Grater, economic strategist at Novare.

She told Fin24 that Budget 2017 could be described as "neutral to slightly more positive".

Regarding economic reforms, she is disappointed that Gordhan did not say much about the future of state-owned enterprises.

In her view, the implementation of economic reforms is very important and SA needs the economic environment to remain stable.

"Budget 2017 echoed the State of the Nation Address (SONA) regarding economic transformation, inequality and inclusive growth," said Grater.

"It was, therefore, no surprise that the minister sidestepped an increase in VAT and looking to higher income earners to bridge the revenue gap we are facing." 

WATCH: Tumisho Grater, economic strategist at Novare, gives her take on Budget 2017.

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