Economic overview: 12 October 2017

Uncertainty remains the only certainty as we wait for key events and risks to unfold

There is a lot hanging in the balance, both locally and internationally. On the local front, the upcoming Medium Term Budget Policy Statement will hopefully shed light on the growing budget deficit. However, risks to fiscal consolidation remain elevated, with financially distressed state-owned companies posing the biggest challenge. As a result, growth forecasts remain muted.