Risk Alert | A workmanlike budget

26 February 2024 - In this week's exclusive client Risk Alert, we assess the 2024 Budget speech, highlighting South Africa’s runaway debt levels and the risks for the governing party’s electoral prospects.

Publication description

We warn of a new public procurement law currently before the National Council of Provinces, before turning to the latest unemployment numbers.

In closing, we share an update on the struggling Chinese property market and its impact on debt sustainability and consumer confidence, as well as the wider implications for South Africa.