[LISTEN] Mini budget preview: 'Bad news, some more bad news, and then some more bad news'
Tito Mboweni is set to update the country on the government's plans to tackle the nation's debt, economic growth, cash-strapped state-owned enterprises, and joblessness.
An economist says we should prepare ourselves for brutal honesty from Finance Minister, Tito Mboweni, who will be delivering his mid-term budget statement on Wednesday.
Mboweni is set to update the country on the government's plans to tackle the nation's debt, economic growth, cash-strapped state-owned enterprises, and joblessness.
South Africa's unemployment rate has climbed to a new high in more than a decade.
ALSO READ: Unemployment reaches record high of 29.1%
Economist, Dawie Roodt says Mboweni will also touch on plans to cut spending.
"He will tell us that we need to borrow more money because we simply do not have enough money," says Roodt.
Listen to Roodt below: