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MTBPS could reveal budget deficit is on target, says Old Mutual Investment Group

With South Africa currently in a mild recession and growth below what it was in 2017, consumers are increasingly under pressure. South Africa is also facing an election year next year, meaning Cyril Ramaphosa is at a critical point in his presidency. As such, all eyes will be on the Medium-term Budget Policy Statement (MTBPS) […]

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Tito Mboweni ...pics RUSSELL ROBERTS 0837669105

MTBPS 2018 may have to break some eggs

By Ian Matthews, head of business development and special projects at Bravura. Next week finance minister, Tito Mboweni, will be delivering the mid-term budget policy statement which becomes a more daunting prospect each year. In South Africa’s shrinking economy where unemployment is at a 14-year high of 27.7% (or 37.2% if the definition of unemployed […]

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Adriaan Pask, CIO at PSG Wealth

‘Green shoots appearing in SA economy’ 

It has been a cold winter for the South African economy, but there are many green shoots appearing, says PSG Wealth CIO, Adriaan Pask. “I dare say, we are feeling excited about what may transpire in the months ahead,” says Pask. (more…)

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Finance Minister Tito Mboweni

Ratings agencies likely to view Mboweni as ‘credit positive’

The appointment of Tito Mboweni as the new Minister of Finance is likely to be viewed as a positive by credit ratings agencies and markets, placing South Africa in excellent stead for reigniting economic growth and investment, says Citadel Director and Chief Investment Officer George Herman. (more…)

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Finance Minister Tito Mboweni

Replacement of Nene by Mboweni is ‘confidence-building’

The replacement of outgoing Finance Minister Nene by former SARB Governor and Minister of Labour Tito Mboweni is a confidence-building and reassuring appointment in present economic circumstances in SA.  This is according to NWU economist,Professor Raymond Parsons. (more…)

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President Cyril Ramaphosa

OUTA welcomes President’s decision on Nene

The Organisation Undoing Tax Abuse (OUTA) welcomes the decision by President Cyril Ramaphosa, to accept the resignation of Finance Minister Nhlanhla Nene. (more…)

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Tlotliso Phakisi, Investment Analyst, Cannon Asset Managers

Trade wars: History’s warning for the US and SA

By Tlotliso Phakisi, Investment Analyst, Cannon Asset Managers. We have witnessed a long wave of increased global trade over the past two hundred years, facilitated in part by ongoing advances in transportation and technology, such as the steel hulled ship, containerisation, refrigeration and jet travel. At the same time, economies of scale and scope have driven […]

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Treasury

Minister Nene: I owe you conduct as a public office bearer that is beyond reproach

The following statement was released by the Minister of Finance, Nhlanhla Nene, today. Fellow South Africans, as you are aware, I gave testimony to the Commission of Inquiry into State Capture on Wednesday, 3 October 2018, during which I made reference to the visits I made to the premises of the Gupta family businesses in Midrand […]

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