The post budget breakfast with Minister Pravin Gordhan will take place on Thursday morning on SABC 2.(SABC)
The South African Broadcast Corporation (SABC) will broadcast the post budget breakfast with Minister of Finance Pravin Gordhan.
The broadcast is set to take place on Thursday on SABC 2 from 06h30 to 07h15.
“The SABC remains committed to ensuring that it delivers on its mandate and brings news of national importance to the millions of South African audiences,” reads the SABC statement in part.
The statement further says, "This announcement follows an article in the Sunday Times newspaper published last weekend where it was reported that the budget breakfast will only be broadcast by a private broadcaster. The Acting Group Chief Executive Officer, Mr. Jimi Matthews and Chief Operations Officer, Mr. Hlaudi Motsoeneng interacted with the Office of the Minister and the Director-General to resolve this matter."
One of the biggest challenges Finance Minister will face when he delivers his Budget Speech on Wednesday is dealing with the possibility of a downgrade. He will have to convince investors and rating agencies that confidence in the economy can be achieved.
Gordhan will have to explain what government will do differently to avoid a downgrade to junk status. He will have to deliver what he promised when he was re-appointed in 2015.
“We will seek to increase investment by the 2017 budget. We are going to double our efforts to ensure that efficiency of expenditure across the public service. We have been clear that one of the risks to our fiscal framework is the financial state of state owned companies."