#PODCAST Economist share their thoughts on yesterday's Budget Speech, with some labeling it as "investor friendly" #sabcnews

By Newsbreak Producer Taliesha Naidoo - Kim Silberman, economist at Matrix Fund Managers, says yesterday's National Budget Speech was investor friendly. Finance Minister Enoch Godongwana tabled the 2024 Budget at City Hall in Cape Town. Government has revealed that its total consolidated spending will amount to two-point-three- trillion rand in the 2024-25 financial year. It has indicated this year's Budget allocates six of every ten rands to social wages. Government further notes that a budget surplus has been achieved for the first time since 2008, however 57-billion-rand in additional resources will be provided to preserve staffing levels in the health and education, as well as peace and security functions. Silberman says although the Budget was fairly positive, it did lack details...