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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.
26 Oct 2016

Additional R17.6bn allocated to post-school education in 2017 Budget

Government proposes an additional R17.6 billion to post-school education and training in the 2017 Budget. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

State-owned companies may pose risk to public finances

Several state-owned companies could pose risks to the public finances, according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

Consolidation measures may dampen economic activity - MTBPS

The consolidation measures proposed in the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today, “are likely to have some dampening effect on economic activity. But over the medium term, a further loss of confidence and a ratings downgrade – which could prompt higher interest rates and large capital outflows – remain greater...
26 Oct 2016

Revenue to fall short of 2016 Budget projections - MTBPS

Gross tax revenue is projected to fall short of 2016 Budget projections by R23 billion in the current year, R36 billion in 2017/18, and R52 billion in 2018/19. This is according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today.
26 Oct 2016

Budget deficit for 2016/17 seen at 3.4 percent of GDP

The consolidated budget deficit for 2016/17 is projected at 3.4 percent of GDP, marginally higher than the 2016 Budget estimate of 3.2 percent.  This is according to the Medium Term Budget Policy Statement (MTBPS), released by National Treasury today.

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