Business welcomes pragmatic MTBPS but maintains public service should be downsized
Business, academia and industry associations have welcomed the reforms highlighted in the 2024 Medium Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on October 30, particularly those related to infrastructure development and greater private sector participation.
There are, however, also concerns about the fiscal constraints facing the country, as highlighted by Consulting Engineers South Africa CEO Chris Campbell, who says that, without adequate funding for infrastructure, government risks stagnating economic growth and further decline.