South Africa

South Africa’s Finance Minister, Godongwana, anticipates a challenging budget presentation next month. The nation faces difficulties servicing its growing debt, exacerbated by ongoing power cuts and logistics crises hindering economic growth. The upcoming budget, set to be announced before the general election expected by August, will detail the National Treasury’s strategies to stabilize public finances and boost growth. This announcement is crucial as the ruling African National Congress seeks to maintain its majority.