Budget Spech 2024

28 Feb 2024

New Fiscal Frontiers

By Staff Writer

By: Izak Odendaal, Old Mutual Wealth Investment Strategist Every year, the Budget Speech commands wall-to-wall media coverage. Most of this coverage asks something along the lines of “What does the Budget mean for the taxpayers, the economy and markets?” Increasingly, this question should also be asked in reverse. How does the state of the economy and the bond market...

27 Feb 2024

Not that bad, but not that good

By Staff Writer

Frank Blackmore, Lead Economist at KPMG answered MoneyMarketing’s questions on this year’s Budget. Here’s what he thinks worked, what didn’t, and what definitely has room for improvement.   What was your overall impression of the Budget? My overall impression was that there was not much to this budget from a change perspective. It’s not surprising...

27 Feb 2024

Budget 2024 Highlights

By Staff Writer

By: Shane Packman, Associate Investment Analyst at Morningstar South Africa  Finance Minister Godongwana faced a challenging budget amid slow economic growth, elevated inflation and interest rates placing strain on South African households, service disruptions, and constrained tax revenue. The additional tough task was balancing spending pressures with election considerations, while simultaneously addressing the challenge of rising debt...