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27 Oct 2016

MTBPS Measures Will Not Stem Rising Debt: Fitch

Substantial tightening measures worth 0.5% of GDP in 2017-2018 in South Africa’s (‘BBB-‘/Stable) Medium-Term Budget Policy Statement (MTBPS) highlight that fiscal consolidation remains a government priority but will be insufficient to avoid a further delay in stabilising debt to GDP ratios given low economic growth, Fitch Ratings says.
27 Oct 2016

MTBPS 2016: The different shades of junk

Arthur Kamp, economist at Sanlam Investments, offers his views on Minister Gordhan’s budget announcement yesterday.
27 Oct 2016

Was the MTBPS enough to avoid a ratings downgrade?

I was rather tired when I headed back to Johannesburg from Pretoria after attending the media lock-up for the National Treasury’s Medium Term Budget Policy Statement (MTBPS) on Thursday.  While the Minister of Finance (presently Pravin Gordhan) makes the MTBPS speech in Parliament in Cape Town and most economics writers attend the lock-up there, for...
27 Oct 2016

Are you insured for your risky and adventurous hobbies?

In attempts to raise funds, create awareness, break world records or just for the thrill of it, we have seen a growing number of individuals partake in ‘adventurous’ activities that are dangerous and potentially life threatening. It is important for these individuals who engage in such extreme activities and adventures to consider having the appropriate...
26 Oct 2016

'MTBPS confirms SA's public finances in good hands'

Today’s Medium Term Budget Policy Statement (MTBPS) confirms that South Africa’s public finances are in good hands, but the ‘right’ fiscal policy is no longer a  sufficient condition to avert a credit rating downgrade.  This is according to NWU economist Professor Raymond Parsons.
26 Oct 2016

Pragmatic budget ‘good enough’ for SA (and maybe S&P)

By Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management   Finance Minister Pravin Gordhan delivered a pragmatic budget that is good for SA and possibly good enough for Standard & Poors for another six months. However, the bond market won’t like it.
26 Oct 2016

It is as if we are at a crossroad – Gordhan

It seems as a nation, South Africa is at a crossroads, politically and economically.  This is according to Minister of Finance Pravin Gordhan.  He was presenting his Medium Term Budget Policy speech to parliament in Cape Town.
26 Oct 2016

Government’s major explicit contingent liabilities are its guarantees

Government’s major explicit contingent liabilities are its guarantees, which stood at R469.9 billion at the end of 2015/16, according to the Fiscal Risk Statement that was released as part of the Medium Term Budget Policy Statement (MTBPS) today.
26 Oct 2016

Health-sector budgets under pressure - MTBPS

Health-sector budgets are under pressure due to compensation costs, rising utilisation of public health services, higher import prices of medicines as a result of currency depreciation, and sector priorities that require additional funding.
26 Oct 2016

New plan to give learners second chance to write matric

Over the medium-term expenditure framework (MTEF) period, government will roll out the Second Chance Matric Programme. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za