MTBPs is unlikely to see any credit rating downgrades and is positive – Investec’s Bishop
African News Agency | 12.11.2025 21:49
2025’s Medium–Term Budget Policy Statement (MTBPS) saw debt ratios slightly higher, similar ratios for the fiscal deficit and an upwards revision to revenue projections for two years vs. May, and a lowering of the inflation target. Revised gross revenue projections now show 2025/26 at R2.005 trillion, from the previous estimate of R1.986 trillion, and a near R20 billion (R19.7bn) over-run as expected, due to higher VAT, corporate and dividend tax receipts.
