News in South Africa 31st October: 1. Election clean up: South Africans should use next year’s elections to vote out “useless” politicians who have failed to prioritise jobs and drive investment, and choose leaders who will get the struggling economy back on track, according to one of the country’s top bankers. “You have to have […]
News in South Africa 12th October: 1. Foreigners flee SA stocks: Foreign investors have accelerated their (net) selling of equities on the JSE, with sales 40% greater thus far in 2023 than in the same period in 2022. To last Friday, non-SA investors sold a net R103 billion of equities, versus R73 billion in the […]
News in South Africa 12th November: 1. Budget speech receives mixed reviews: Finance Minister Enoch Godongwana’s Medium-term Budget Policy Statement (MTBPS) has received mixed reaction, with some opposition parties welcoming his stance on government spending. Tabling his statement, Godongwana said that consolidated government spending was expected to increase over three years. But he announced no […]
News in South Africa 11th November: 1. Mid-Term budget speech today: Finance minister Enoch Godongwana will deliver his maiden Medium Term Budget Policy Statement (MTBPS) at 14h00 on Thursday (11 November). The MTBPS can be viewed through several channels, including TV services like DStv, news channels, and live-streaming sources like YouTube. You can watch the […]
News in South Africa 28th October: 1. D-Day for mid-term budget: The medium-term budget will be announced this afternoon, and all eyes will be on government’s plans to deal with the public wage bill, its ballooning debt, and its struggling state-owned enterprises – particularly SAA. As at the latest Budget in June 2020, the Treasury estimated […]
News in South Africa 15th October: 1. Economic recovery plan today: President Cyril Ramaphosa will today outline his economic recovery plan to pull South Africa out of the pits of the Covid-19 lockdown. The plan is the result of extensive deliberation between government and its social partners, including business and labour. He will present the […]
News in South Africa 14th October: 1. Mid-term budget policy statement postponement: The letter requesting a week’s delay of the Medium-Term Budget Policy Statement (MTBPS) from Finance Minister Tito Mboweni to National Assembly Speaker Thandi Modise arrived after hours on Tuesday evening. Analysts say this is a worrying sign of the grim financial reality the […]
