Tag ArchivesMTBPS

Evergreen Lifestyles on retirement villages

SARS working hard to swing perception and collect taxes

The media recently reported that the October 2017 Medium Term Budget Policy Statement (MTBPS) could hold nasty surprises for taxpayers on tax collection shortfalls. There have also been rumours of state capture spreading into more parts of government. As a result, one should consider SARS’ accountability, writes Ferdie Schneider, National Head of Tax, BDO South Africa. (more…)

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Tertius Troost

Tax questions raised at the MTBPS

The 2016 Mid Term Budget Policy Statement (MTBPS) transpired without much commotion, notwithstanding the controversy surrounding Minister Gordhan. (more…)

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MTBPS Measures Will Not Stem Rising Debt: Fitch

Substantial tightening measures worth 0.5% of GDP in 2017-2018 in South Africa’s (‘BBB-‘/Stable) Medium-Term Budget Policy Statement (MTBPS) highlight that fiscal consolidation remains a government priority but will be insufficient to avoid a further delay in stabilising debt to GDP ratios given low economic growth, Fitch Ratings says. (more…)

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Arthur Kamp, economist at Sanlam Investments

MTBPS 2016: The different shades of junk

Arthur Kamp, economist at Sanlam Investments, offers his views on Minister Gordhan’s budget announcement yesterday. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Was the MTBPS enough to avoid a ratings downgrade?

I was rather tired when I headed back to Johannesburg from Pretoria after attending the media lock-up for the National Treasury’s Medium Term Budget Policy Statement (MTBPS) on Thursday.  While the Minister of Finance (presently Pravin Gordhan) makes the MTBPS speech in Parliament in Cape Town and most economics writers attend the lock-up there, for […]

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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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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. (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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