Investors don’t buy Mboweni budget plan

Investors don’t buy Mboweni budget plan

In his supplementary budget speech in June, Finance Minister Tito Mboweni sets out the plan to forge a “new economy” to pull South Africa out of a deep, dark hole. Even then, the Covid-19 virus was forecast to set the South Africa’s economy back several years. The finance minister even rescheduled t

  Lindiwe Molekoa
Gross loan debt set to rise to 92.9% of GDP as SA plugs holes #MTBPS

Gross loan debt set to rise to 92.9% of GDP as SA plugs holes #MTBPS

SA will borrow from multilateral institutions and draw on sterilisation deposits it holds with the SARB to help finance a budget deficit.National Treasury released its 2020 Medium Term Budget Policy Statement speech on Wednesday. According to Treasury, the impact of Covid-19 has resulted in steep ec

  Claire Badenhorst
FULL SPEECH: 2020 Medium Term Budget Policy Statement

FULL SPEECH: 2020 Medium Term Budget Policy Statement

'We must rebuild our economy.' Read Finance Minister Tito Mboweni's full 2020 Medium Term Budget Policy Statement Speech here.By South African Finance Minister Tito MboweniIntroductionHonourable membersTwenty-six years ago, President Nelson Mandela stood at this very spot to weave the tapestry of ou

  Editor
Mboweni rescues SAA with another R17bn from taxpayers

Mboweni rescues SAA with another R17bn from taxpayers

Finance Minister Tito Mboweni announced taxpayer support to rescue SAA, ending a long personal resistance to funding further bailouts.The following adjustments were announced on Wednesday: R23 billion to Eskom; R6.5 billion to South African Airways (SAA) for settling its guaranteed debt and interest

  Editor
Alec Hogg unpacks Budget 2020 – the full webinar

Alec Hogg unpacks Budget 2020 – the full webinar

We appear to have created a new tradition. A few hours after finance minister Tito Mboweni’s presentation of the 2020 Budget to Parliament, Biznews community members joined in our webinar with publisher Alec Hogg. After his presentation to share what he’d picked up from a morning in “lock up”, the f

  Alec Hogg
In charts: The debt and deficit woes that keep Tito Mboweni up at night

In charts: The debt and deficit woes that keep Tito Mboweni up at night

The reaction to Finance Minister Tito Mboweni’s budget has been fairly muted. The Rand hasn’t moved much against the dollar since the 2pm start. While markets seem more concerned with the outbreak of the coronavirus. The budget itself surprised many given the lack of income action. VAT and tax were

  Stuart Lowman
2020 Budget commentary – the analysts sandwich

2020 Budget commentary – the analysts sandwich

As the analysis builds up in reaction to Finance Minister Tito Mboweni’s 2020 budget speech, we’ll compile some of the responses below.South African National Budget 2020/2021 – a brief reviewBy Kevin Lings*The South African Minister of Finance, Tito Mboweni, delivered his second National Budget on W

  Editor
Hail Mary Budget betting on divine (resources boom) intervention

Hail Mary Budget betting on divine (resources boom) intervention

SA’s colourful finance minister Tito Mboweni cracked his customary jokes in a relaxed Presser ahead of today’s Budget Speech. And he hardly missed a beat during the flurry that followed the live tweeting of his obviously embargoed comments by an SABC staffer (a first for “lock-up” which led to the e

  Alec Hogg
Budget 2020: Your tax at a glance

Budget 2020: Your tax at a glance

The decision to avoid tax increases was informed by the near record tax-to-GDP ratio of 26.3% and a tax buoyancy ratio (tax revenue growth relative to economic growth) which has fallen to 0.93%, Finance Minister Tito Mboweni said in his 2020 Budget address. As a result, Treasury believes tax increas

  Editor
Executive summary of 2020 National Budget speech

Executive summary of 2020 National Budget speech

Finance Minister Tito Mboweni started his budget speech with his usual aloe reference: “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins even when it seems the odds are against it.” Here’s the executive summary of this plus hour long discussion.Financ

  Alec Hogg
2020 Budget in a nutshell

2020 Budget in a nutshell

Finance Minister Tito Mboweni has snubbed the tax doomsayers in his 2020 Budget address.In a nutshell:No tax increases in the coming fiscal year beyond a modest rise in the fuel levy (25c a litre) and the usual increases in booze and smokes (4.4% to 7.5%). Electronic cigarettes (vapes) will be taxed

  Alec Hogg
In Full: SA Finance Minister Mboweni’s 2020 Budget Speech

In Full: SA Finance Minister Mboweni’s 2020 Budget Speech

2020 Budget Speech by Finance Minister Tito MboweniThe Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins even when it seems the odds are against it.Mr President, in your State of the Nation Address two weeks ago you reminded us that our capacity to win is

  Editor
An alternative land rent budget – Peter Meakin

An alternative land rent budget – Peter Meakin

This story is about thinking outside the box in a way that Finance Minister Tito Mboweni seriously needs to consider before delivering his budget. The author, a veteran professional valuer, turns the current land expropriation debate on its head in a way that he believes will help deliver us from ou

  Jackie Cameron