High expectations ahead of budget speech: analyst
South Africa's economy could soon turn the corner under President Cyril Ramaphosa's leadership.
That is the view of economist, Azar Jammine.
Jammine believes we could soon see a drop in inflation and interest rates due to the Rand's strong performance.
However, he says Ramaphosa will need to explain, and in detail, how his administration will restore investor confidence in the country.
He says there are high expectations ahead of this week's budget speech.
"We have no alternative but to cut back on government spending if we are to ward off credit-ratings downgrades. The rise in government spending is associated with sharp increases in corruption in recent years that have wasted a lot of government money," he said.
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Finance Minister, Malusi Gigaba will deliver the budget speech on Wednesday.