Tag: fiscal policy
Zero-based and cash budgeting should both be adopted by government
Finance minister Tito Mboweni favours zero-based budgeting, an approach that would weigh each expenditure item, each departmental budget, against government goals. The Minister has said that this would entail focusing on ‘infrastructure development and other growth-enhancing measures’ and come at the expense of those programmes considered wasteful in relative terms.
Moody’s downgrade creates long-term recovery for SA investors
Recent weeks have seen the local market hit by a triple whammy. Both local and global markets have crashed as the economic impact of the COVID-19 pandemic begins to be felt resulting in a market sell-off; a rapid decline in oil prices has created a global supply shock. In addition to that, ratings agency Moody’s downgraded South Africa’s credit rating to junk or sub-investment grade.
Has South Africa reached its limit on tax increases?
Kyle Mandy | Tax Policy Leader | PwC | mail me |
Following the Medium Term Budget Policy Statement (MTBPS) delivered on 25 October 2017...
A medium-term budget of records
Lesiba Mothata | Executive Chief Economist | Alexander Forbes Investments | mothatal@aforbes.co.za | www.alexanderforbes.co.za |
For the first time since 1994, there is a task...
