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MTBPS2019

30 Oct 2019

MTBPS may shock ratings agencies as fiscal policy framework weakens

By Janice Roberts

By MoneyMarketing. The Medium Term Budget Policy Statement (MTBPS) released today by the National Treasury shows that the fiscal framework has weakened substantially since the February budget – and may even shock the ratings agencies, especially where issues like national debt is concerned.
30 Oct 2019

MTBPS 2019 – Mboweni dodges Eskom decisions

By Janice Roberts

By MoneyMarketing. In his Medium Term Budget Policy Statement (MTBPS) speech to Parliament, the Minister of Finance, Tito Mboweni, largely dodged important Eskom decisions. The power utility, which supplies 95% of the country’s electricity, is viewed as the biggest risk to SA’s economy. The minister made is clear that only when he was convinced that...
28 Oct 2019

MTBPS - A crisis too good to waste

By Janice Roberts

By Dr Adrian Saville, Chief Executive, Cannon Asset Managers. Finance Minister Tito Mboweni’s upcoming Medium Term Budget Policy Statement (MTBPS) is perhaps the most important for South Africa to date. With a resurgence of load shedding, crisis-level unemployment figures, and economic growth teetering between zero and one percent, government is quickly running out of time...
23 Oct 2019

MTBPS: SARS performance and government spending

By Janice Roberts

The Medium-Term Budget Policy Statement is taking place on 30 October 2019, and taxpayers anticipate significant shortfalls in tax collections and associated downward revision of the tax revenue collection target for 2020. ‘Within the context of actual economic performance over the last few years, we suggest that the tax collection target is unrealistic and damaging...
21 Oct 2019

SA looks to mid-term budget for a turnaround plan

By Janice Roberts

Despite the ongoing uncertainty around when the medium-term budget policy statement (MTBPS) will be revealed, Minister Tito Mboweni has his work cut out for him. Addressing pressing national issues such as rising debt levels, ailing state-owned entities, and sluggish economic growth will therefore be top priority for Treasury.