-
South Africa: Economists and Analysts Give a Thumbs Down to Mboweni's Medium-Term Budget Statement
Daily Maverick, 31 October 2019
Economists and analysts are among the groups Finance Minister Tito Mboweni needed to woo with his Medium Term Budget Policy Statement. They were not amused. Read more »
Economists, Analysts Not Amused By South Africa's Mini Budget
Economic growth this year of just 0.5% and budget deficits going north of 6% of gross domestic product. Rising national debt despite cost-cutting of R50-billion annually over the next three years, for a total of R150-billion. And no real master plan to significantly boost growth and employment. These are some of the main takeaways of South African Finance Minister Tito Mboweni's Medium Term Budget Policy Statement and the initial reaction from economists and analysts is a big thumbs down, writes Ed Stoddard in the Daily Maverick.
South Africa's Finance Minister Tito Mboweni delivers his medium-term budget policy statement on October 30, 2019.
InFocus
-
South Africans will be waiting to hear what Finance Minister Tito Mboweni's plans will be to cut unemployment, which according to StatsSA, is at an 11-year high of 29,1%. The ... Read more »
-
In Chinese President Xi Jinping's third state visit, the Asian leader pledged a huge investment deal in which his country will pump U.S.$14,7 billion (R196 billion) into the South ... Read more »
-
A South African delegation led by Deputy President Cyril Ramaphosa says it will use the 2018 World Economic Forum to restore investor confidence in the South African economy. The ... Read more »
-
The economy moved into recession with the reported decrease of 0,7% in gross domestic product during the first quarter of 2017, following a 0,3% contraction in the fourth quarter ... Read more »
