Business noted on Thursday that while Finance Minister Enoch Godongwana outlined government’s strategy to avoid a full-blown fiscal crisis and systemic risks to the economy, it is concerned that although the focus is now firmly on structural reform as demanded, those responsible for its implementation cannot be trusted as the nation “has been here before”. Godongwana delivered his Medium-Term Budget Policy Statement (MTBPS) on Wednesday, in Parliament, where it was announced that government now expected to earn almost R57-billion less in taxes than it previously forecast.
