Against a backdrop of formidable economic challenges, SA’s Minister of Finance, Enoch Godongwana, unveiled his third National Budget for 2024. Considering a landscape marked by high unemployment, weak confidence levels, and pressing infrastructure issues, the Minister navigated a complex fiscal terrain to address the country’s economic woes. With a cautious optimism for growth and a strategic focus on fiscal consolidation, the Budget sets the stage for critical discussions on sustainable economic recovery and long-term structural reforms in the nation.
Continue readingSouth Africa Medium-Term Budget Policy Statement 2023
This year’s medium term budget policy statement (MTBPS) was presented in a domestic environment of low economic growth.
Continue readingSAGBs are priced for stormy waters but Minister Godongwana has a strong hand on the tiller
2022 was the worst year in memory for bond markets. In 2023, despite short-term macro headwinds at both a global and local level, the recent large local cash bonds sell-off is making valuations attractive over
the tactical horizon.
US Sanctions & South Africa: Kevin Lings explores the risks and possibilities
Could the United States decide to impose sanctions on South Africa based on our ties with Russia?’
Continue readingBudget 2023 – Minister of Finance strikes a balance between generosity and prudence
SA’s National Budget recognises the need to help households and Eskom while maintaining fiscal discipline.
Continue readingBudget 2022: Positive measures need government support for economic growth
In this article, STANLIB’s Chief Economist Kevin Lings discusses positives and negatives in SA’s Budget for the year ahead.
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