Hope springs for SA economy after positive mood at investment summit

2018-11-01 20:39

The mood at the investment conference has been positive, reminiscent of the halcyon days under Thabo Mbeki’s presidency when the economy grew over 5% per annum, according to Overberg Asset Management.

Investors punish SA for its budget with dismal bond auction

2018-10-30 20:53

In the first scheduled bond auction since Finance Minister Tito Mboweni delivered his fiscal update, demand dropped 67% from the previous sale to the lowest since March.

Fitch sees muted impact from SA measures to boost growth

2018-10-26 06:53

The impact of spending reprioritisation announced in South Africa’s medium-term budget policy statement is to unlikely meaningfully boost economic growth, says the ratings agency.

WATCH: Mini budget 'a missed opportunity' - Cosatu

2018-10-25 11:40

Cosatu General Secretary Bheki Ntshalintshali says government should not blame public wages for squeezing expenditure, saying the Cabinet size should rather be reconsidered.

Rand falls with bonds as mini budget clouds rating path

2018-10-25 06:47

The rand weakened the most among emerging-market peers and bond yields climbed to the highest this year as the government’s latest debt projections increased the probability of a credit-rating downgrade.

WATCH: Did Mboweni live up to the hype surrounding him?

2018-10-24 18:46

Fin24's Moeshfieka Botha speaks to portfolio manager Abdul Azeez Davids of Kagiso Asset Management on whether Finance Minister Tito Mboweni medium-term budget policy statement reached expectations.

WATCH: The mini budget in under 3 minutes

2018-10-24 17:34

Fin24's Moeshfieka Botha gives an overview of what Mboweni said about VAT, spending shortfalls and the economy in his maiden mini budget in Parliament on Wednesday.

Treasury outlines three possible SA economic scenarios

2018-10-24 16:14

South Africa’s gross domestic product could contract in 2019 and 2020 if contagion from a developing-economy debt and currency crisis spreads, says the National Treasury.

SA sees expanded municipal bonds spreading debt burden

2018-10-24 15:53

South Africa is working on policy and regulatory reforms to make it easier for municipalities to borrow in capital markets to finance infrastructure projects, says the National Treasury.

Hands off the SA Reserve Bank, says Mboweni

2018-10-24 15:04

The finance minister says that South Africans should end “regular attacks on the mandate and independence of the South African Reserve Bank” saying this was a distraction to the bank’s governor Lesetja Kganyago.


Ferial Haffajee: Mini budget - If you’re middle-class, duck!

2018-11-01 06:45

The mini budget released by Finance Minister Tito Mboweni on Wednesday is bad news for the working middle-class in the private sector, says Ferial Haffajee.

SA mini budget is credit-negative, says Moody's

2018-10-26 10:31

South Africa’s mini budget has unveiled a weaker fiscal outlook, which is credit-negative, says Moody’s Investors Service.

Cyril’s choice: Treasury gives the president clear direction…will he take it?

2018-10-26 06:25

Near the back entrance to National Treasury’s headquarters on Church Square in Pretoria, there has been a succession of changes to the portraits hanging on the wall.

Analysts weigh in on what the mini budget means for taxpayers

2018-10-25 11:36

While the finance minister has said no new tax increases are in the pipeline, financial analysts say the state must source spending requirement from somewhere.

MTBPS: Business offers mixed reaction, praises Mboweni's honesty on state of affairs

2018-10-24 21:24

Business advocacy groups may have mixed reactions to Minister of Finance Tito Mboweni’s maiden medium term budget policy statement on Wednesday, but were in agreement that his brutal honesty about South Africa’s dire economic outlook was commendable.

SAA gets R5bn, told to restructure debt

2018-10-24 18:25

The National Treasury has allocated R5bn to help South African Airways repay debt, but says the state-owned airline will have to engage with creditors to restructure almost double that amount.

Ferial Haffajee: Zuma’s long shadow stalks Ramaphosa’s new dawn

2018-10-24 17:24

Former President Jacob Zuma’s legacy hung like an albatross around the neck of his successor Cyril Ramaphosa, as a gloomy medium-term budget policy statement landed on Wednesday.

No more cash to give SA state workers' pay increases

2018-10-24 15:56

After approving an inflation-busting pay increase for public servants, the government has failed to allocate additional funds to pay for it, instead ordering state departments to find the money within existing budgets.

Mboweni warns of tough choices as SA debt climbs

2018-10-24 15:38

Tito Mboweni’s appointment as finance minister two weeks ago appeased investors, but his first mid-term budget showed the nation’s debt burden is heavier than previously thought.

READ: #MTBPS2018 - The economy at a crossroads

2018-10-24 14:50

Read the full Medium Term Budget Policy Statement delivered by Finance Minister Tito Mboweni.

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