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South Africa: Tito Mboweni's Balancing Act On a Very Slack Budget Tightrope
Daily Maverick, 21 February 2020
Finance Minister Tito Mboweni delivers his budget on 26 February 2020 at a time when South Africa is in a state of fiscal purgatory. A glimmer of hope is that he may yet surprise… Read more »
South Africa Walking a Tightrope as Budget Speech 2020 Looms
Finance Minister Tito Mboweni delivers his budget on February 26, 2020 at a time when South Africa is in a state of fiscal purgatory. A glimmer of hope is that he may yet surprise people by taking the axe to state-owned enterprises and curbing the public service wage bill, writes Ann Bernstein in Daily Maverick.
InFocus
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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 »
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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 »
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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 »
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The Public Enterprises Ministry has said in a statement that it is working with South African Airways (SAA) to enable the embattled state-owned enterprise to carry on its business. ... Read more »
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South African Airways has burnt through R2 billion of funding in less than 60 days, writes Daily Maverick's Sasha Planting. Instead of the agreed-upon U.S.$137 million, U.S.$239 ... Read more »
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Taking over U.S.$16 billion out of the U.S.$119 billion worth of pension savings belonging to 1.7 million current and retired government employees, amounts to a big 13.8% haircut Read more »
