The reaction to the budget from the financial media and analysts has largely been positive, with opposition political parties, DA especially, unions and civil society being critical of the increase in VAT. But economist Dawie Roodt called the budget “terrible” and decried that many analysts were supportive of and positive about it. He wondered why the “whitewash” and why they were not “honest”. He asks why the financial community got it so wrong. Well, they've always been enthralled by finance ministers from Manuel, who initially, had little understanding of finance, to Gorhan; Gigaba not so much (if it wasn't for Gigaba's Zupta connection, he'd have been feted too). The second reason is many financial journalists and wannabees don't really understand economics. If they did they would've castigated Gordhan when under him debt went from about 32% of GDP to 52%. But yet Gordhan, according to them, was "hero at the bridge". Roodt, being dip...