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Investec insights: Budget Speech 2018 – is this budget sustainable?

Investec’s panel of experts discuss the momentum leading into and coming out of the #Budget2018.

“Unfortunately because of what’s happened over past 10 years, this budget looks backwards, not forwards; it’s trying to fix the ills of the past,” says David Gracey, , head of currency and derivatives trading at Investec Corporate and Institutional Banking.

He says our key function is to become a progressive society which uplifts the poor, alleviates poverty and creates jobs.

“This budget doesn’t do any of that at the moment, which is unavoidable given the state of national finances,” says Gracey.

Get more insights from the Investec #Budget2018 panel discussion here: http://bit.ly/2pdFHCQ

For other videos from this playlist, click here: http://bit.ly/2IfkuiX

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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