In February 2015 SA's economic growth was forecasted at about 2.5% over the next 3 fiscal years. The IMF downgraded SA's growth forecast to 1.4% for 2015, 1.3% for 2016 and 2.0% in 2017. A downgraded GDP growth forecast will impact revenue collection and place more emphasis on lowering expenditure and increasing taxes.
However, SA will most likely maintain its investment rating.
Based on this and a few other variables, these are my suggested eight outcomes from the MTBS:
These expected changes are as a result of a combination of variables added to a downgraded GDP growth forecast: