Pragmatic budget with upside and downside risks
February 23, 2022
Carmen Nel, Economist and Macro Strategist, Matrix Fund Managers Finance Minister Enoch Godongwana’s maiden budget speech was generally seen as cautious, with a focus on debt stabilisation and social protection. While we believe there is…
Budget speech 2022: Insight from Mazars
February 23, 2022
A comprehensive summary of key outcomes and spokesperson quotes regarding various areas of today’s National Budget Speech from tax experts at Mazars in South Africa. Mike Teuchert, National Head of Taxation Services – Budget highlights/summary insights: The…
Mamello Matikinca-Ngwenya, FNB Chief Economist Gross revenue estimated to be R1.55 trillion in 2021/22, reflecting a R61.7 billion overshoot relative to the 2021 MTBPS projections. Revenue grows by an average of 5.3% per annum between…
PPS Investments: Budget commentary
February 23, 2022
COVER’s Tony van Niekerk interviewed Luigi on the Budget Speech, watch the video, and read the full PPS budget commentary below Luigi Marinus, Portfolio Manager at PPS Investments The National Budget was characterised by the…
Carmen Nel, Economist and Macro Strategist, Matrix Fund Managers Finance Minister Enoch Godongwana’s first significant speech since his appointment in August 2021 saw a minimal reaction from the equity market. Good news had been expected…
PPS MTBPS Commentary
November 12, 2021
Reza Hendrickse, PPS Investments Portfolio Manager Finance minister Enoch Godongwana’s maiden Medium Term Budget Policy Statement (MTBPS) was broadly in line with expectations, judging by the muted reaction from the bond and currency markets. Not…
Tough times ahead but it isn’t all bad news
November 12, 2021
Bernard Sacks, Tax Consulting Partner at Mazars in South Africa South Africa’s Minister of Finance, Enoch Godongwana, presented his maiden Medium Term Budget Policy Statement (MTBPS) speech to Parliament earlier today, against a backdrop of…
Fiscal consolidation a positive but expenditure risks remain
November 12, 2021
Old Mutual Investment Group economist, Johann Els The South African investment community breathed a collective sigh of relief this afternoon, as Finance Minister Enoch Godongwana delivered a positive 2021 Medium Term Budget Policy Statement (MTBPS)…
