“Mini Budget” preview – mini in name only


POSTED ON: October 28, 2019 IN by Admin

In years past, this week’s speech – that doesn’t carry as much weight as the February budget – was primarily seen as a marker in calendars of just when the state would be unofficially going on its summer holidays. It couldn’t be more different now as it will serve as a statement of intent of Ramaphosa’s first administration, and perhaps the constant date changes bear testimony to its importance – we hope.

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Reserve Bank nationalisation: a political debate that won’t die


POSTED ON: October 18, 2019 IN , , by Admin

The loss of unambiguous independence of the bank in its oversight of financial stability would potentially put South Africa at odds with international obligations and risk its continued access to the global financial system. SA is highly dependent on foreign capital inflows to finance its budget and current account deficits.

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Prescribed assets? There are more productive options to spur growth


POSTED ON: October 16, 2019 IN by Admin

Prescribed assets primarily will divert savings from the private sector to the public sector, reducing private sector investment. It is also a challenge to the principle of property rights, effectively expropriating the savings of a certain segment of the public.

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Cabinet must forget squabbles and back the Mboweni plan


POSTED ON: September 4, 2019 IN by Admin

When Cabinet meets tomorrow they will in all likelihood do so against a background of news of a positive second-quarter of economic growth and thereby escaping the technical definition of a recession – two consecutive quarters of contraction. For some in that meeting, that may just provide some space to discuss other pressing matters in their departments, unrelated to all things economy and growth.

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