# Business Leadership South Africa says urgent reforms and a credible budget are needed to rescue the ailing economy. In her weekly newsletter, CEO Busi Mavuso says this week’s revised budget must balance spending without adding more debt. Mavuso warns that tax revenue is down, and the government must cut non-essential programmes to protect core services. She welcomed ratings agency Standard and Poor’s positive outlook for South Africa, but says continued reforms are key to improving investor confidence.
Business Leadership SA hopes this week’s budget balances fiscal prudence and growth support