# Standard Bank says the Medium-Term Budget Policy Statement sends a positive signal on fiscal stability, infrastructure investment and increasing private-sector participation. Minister of Finance Enoch Godongwana reaffirmed that public debt is now declining and pointed to an infrastructure pipeline of approximately 217-billion-rand through the Infrastructure Fund. The bank’s Umesh Madhav says the real measure of success will be the extent to which these developments translate into tangible growth for South Africa’s small and medium-sized enterprises:
BUDGET: Standard Bank says SMEs are poised to benefit from infrastructure-led growth [SOUND]
ENG MadhavONGrowth