Finance Minister Tito Mboweni has forecast growth of 3.3% this year on hopes that a well-managed vaccination program, to fight the COVID-19 pandemic, will help lift the economy. It should be said of course that…
The future of South Africa
March 30, 2020
Continuing his precarious balancing act, Minister Mboweni announced some tough measures, while offering some relief to taxpayers.
Making sense of the 2020 National Budget
March 30, 2020
In an effort to contextualise the latest projected national budget, we conducted a little thought experiment: we created a fictional household with an income of R100,000 per year.
Budget 2020: as good as can be expected
March 30, 2020
While his message of consolidation, reform and growth may not be enough to avert a ratings downgrade by Moody’s next month, the Rand reacted relatively positively to his speech.
A Budget baked for rating agencies
March 30, 2020
Sparking an immediate celebration in the rand and bond markets, the 2020 Budget Speech ticked all the right boxes for markets, depicting a government that is reform-minded and ready to show its muscles.
Budget sees some tax relief
March 30, 2020
Instead of raising additional revenue from tax proposals, the focus moves to reducing spending, which includes a reduction to the wage bill of roughly R160 billion
The boldest in recent years
March 30, 2020
The Minister has taken a bold step in committing government to curtailing spending, which may have far-reaching consequences if it fails.
In the insurance space, recessionary influences often affect long-term insurance products, such as life insurance and disability cover.
