South Africa: Mid-Term Budget Sets SOEs on Long Path Towards Reform
Bonds & Loans
Published: 20 November 2018 11:28
Newly appointed Minister for Finance, Tito Mboweni, faced a tough reception from investors when he announced his Mid-Term Budget Policy Statement at the end of October. Yet in spite of South Africa’s dire financial situation, the speech marks a potential welcome shift towards a broader reform programme for the country’s state-owned enterprises (SOEs).