A balanced budget in tough times, but is it enough?

The National Budget was characterised by the balance between social welfare expenditure and fiscal sustainability amid a disappointing outlook for GDP growth in South Africa. The estimate for GDP growth for 2021 was reduced from 5.1% to 4.8% and forecasted to grow at 1.8% p.a. over the next three years.

We caught up to Luigi Marinus, Portfolio Manager at PPS Investment to get his opinion on what he thought the effect will be of this low growth forecast, especially on people's investments? We also get his take on the budget in general.