Tag ArchivesSouth Africa

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

Moody’s on South Africa: fiscal slippage likely this year, but medium-term targets within reach

“We expect a slower pace of fiscal consolidation than the Government of South Africa (Baa3 stable) is forecasting based on a number of headwinds,” Moody’s said in a statement this afternoon. (more…)

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Melissa Brink of Bravura

South African tax law and exchange control have different requirements

Melissa Brink, a Structured Solutions analyst at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, explains the importance of determining whether a natural person is a resident of South Africa. (more…)

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Handshake between two business executives

Are international acquirers still investing in South Africa?

By Andrew Bahlmann, MD: Deal Leaders Africa Are international acquirers still investing in South Africa? I am asked this question regularly by clients and local acquirers alike. In my own experience, there has been a definite slowdown in international interest in 2017 and early 2018 compared to recent years. There is still definite interest in […]

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Maarten Ackerman

Eskom wage hikes unsustainable, says economist

High levels of debt and muted demand for electricity mean that above-inflation wage increases for Eskom workers are simply not sustainable in the long-term, especially if South Africa is to avoid further credit ratings downgrades, warns Citadel Chief Economist Maarten Ackerman. (more…)

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

Moody’s: Weak macroeconomic conditions to have limited effect on securitised transactions in SA

Moody’s Investors Service today published a structured finance research report that looks at the performance of South African commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS). “Despite subdued economic activity, with weak consumer demand, low business investment and political uncertainty, the effects on the underlying commercial/residential real estate markets and associated securitised transactions is […]

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Gavin Smith head of Africa, deVere Acuma

Fuel and land – the Ramaphosa administration’s ‘economic risk’

Successive fuel price hikes and the ruling ANC’s firmer position on land expropriation without compensation are “an economic risk” at a time when the South African economy is contracting and unemployment is rising. (more…)

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

IMF publishes outcome of Article IV consultation with SA

The International Monetary Fund (IMF) has today published the outcome of its Article IV consultation with South Africa that took place between 28 May and 11 June 2018. (more…)

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saving-versus-investing

SA’s top three savings priorities

Insights agency, Columinate, recently surveyed a representative sample of 1 000 urban South Africans to gauge their savings habits, including their preferred savings vehicles, and the results inspire optimism. Top three reasons for saving 44% of respondents noted that they’re saving for their children’s education, 43% save for emergencies, and 42% are saving for their retirement. […]

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