South African budget to set out 'tough' measures to repair post - Zuma economy


  • World
  • Monday, 19 Feb 2018

FILE PHOTO: President Cyril Ramaphosa delivers his State of the Nation address at Parliament in Cape Town, South Africa, February 16, 2018. REUTERS/Ruvan Boshoff/Pool

JOHANNESBURG (Reuters) - South Africa's finance ministry is set to spell out "tough decisions" in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to repair the ailing economy.

Africa's most industrialised economy, hurt by nine years of mismanagement under the scandal-plagued Jacob Zuma, faces a 50.8 billion rand (3.11 billion pounds) revenue gap in 2017/18 fiscal year.

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