Intellidex’s Head of capital markets Peter Attard Montalto joins CNBC Africa’s Godfrey Mutizwa on the CNBC Africa Special centred on the Medium-term Budget Speech. He joins alongside Annabel Bishop, Chief Economist at Investec and Professor David Warneke from SAICA.
“I think the medium-term budget speech is a great starting point to see fiscal slippage from. There are huge execution risks here, there are huge revenue risks, but we have pretty decent buffers coming in. We have 41 to 47 billion that is allocated to the reserve in the altitude [sic] fiscal years, we have some decent buffers in the next fiscal year as well.”
Watch the full discussion below.