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‘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. (more…)

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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. (more…)

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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. (more…)

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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. (more…)

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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. (more…)

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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. (more…)

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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. (more…)

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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 […]

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