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Budget 2021 | SA Finance Minister Tito Mboweni’s Speech

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The 2021 Budget was tabled to Parliament on 24 February 2021 by South African Finance Minister Tito Mboweni.

Further into junk

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Moody’s and Fitch downgraded SA’s foreign-currency sovereign rating and its local-currency rating.

South African economy on a ‘swoosh’ recovery

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The rapid changes experienced over the past few months and leading to the current relaxation of lockdown levels, has resulted in the South African economy’s recovery taking the shape of a ‘swoosh’ of a fast decline then a quick recovery that will take time to be fully realised.

Gender mainstreaming can bring significant business value

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Some attempts have been made by the government and NGOs to advocate for more equal rights for women. Few months ago, President Ramaphosa announced his new cabinet in which half of all ministers are women. However, the private sector has been slower on the uptake. The world of business is still very much dominated by men.

ICT solutions: a critical factor for SME survival post-lockdown

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The outbreak of global pandemics such as COVID-19 comes with a huge price tag. The South African Reserve Bank estimates the current nationwide lockdown will cost the economy about three weeks’ worth of GDP, or 5.8% of R5.3-trillion, which amounts to a staggering R300-billion. 

Nedbank misses targets as recession bites

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The banking group expects earnings for the year ahead to be in line with subdued economic growth.

The lean years don’t last forever

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Political concerns have dominated markets in recent months. It has mostly been US President Donald Trump throwing his weight around (tariffs, Iran, North Korea), but in the past week Italy has been the source of market unease.

Is South Africa in a Crisis?

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https://youtu.be/EDwGX6dX8Xw Lesiba Mothata | Executive Chief Economist | Alexander Forbes | http://www.alexanderforbes.co.za/ | READ MORE: Dealing with credit rating downgrades

Africa’s Economic Performance improves in 2017

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Africa’s economic outlook improved in 2017 compared with 2016 and is expected to gain momentum in 2018. GDP growth in 2017 is expected at 3.0% up from 2.2 in 2016 and projected to expand to 3.7% in 2018.

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