Shari’ah financing can help Africa achieve important development goals
Government’s response to the coronavirus is unlikely to counteract the expected sharp decline of the country’s gross domestic product
With little money to respond to Covid-19, the government is looking at other sources of funding
The ways in which we respond to the coronavirus pandemic will determine the world that greets us when we emerge from lockdown
Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up
The ratings agency is expected to say on Friday whether it will downgrade SA’s credit rating to junk, but it could hold off until the Covid-19 pandemic eases
The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
The president and his team must make decisions in the public’s best interests, despite the corruption and factionalism in the ANC
Sona was a mixed bag but there were some meaningful announcements
The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]
South Africa’s credit rating outlook is revised from stable to negative, but not downgraded to junk status at this stage
The finance minister’s medium-term budget policy statement on Wednesday will be watched like it is the main event
The finance minister’s Powerpoint did not shy away from straight-talking — including taking aim at ministers and officials
There are competing ideas about how to save the power utility, but it is time for decisions
The ratings agency did not make a decision on South Africa’s rating leaving some analysts asking just when the axe will fall
Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices
The budget serves the interests of the rich and powerful and punts crumbs for the poor as meaningful advances
Will Moody’s, won’t Moody’s? The country’s wellbeing depends on a viable turnabout plan
Moody’s currently has South Africa’s debt at Baa3 with a stable outlook, one notch above junk status
Mboweni delivered the Medium Term Budget Policy Statement in October, a couple of weeks after Nhlanhla Nene resigned from the position
Key assumptions made in the 2018 February budget were revised as the treasury took account of shrinking economic growth
An upgrade would be possible through the implementation of structural reforms to raise growth
Last week, the rand rebounded sharply following lower-than-expected CPI figures from the US as well as a decline in US stocks
The finance minister says ‘We need to change the conversation around spending’
Hopes are pinned on the economic stimulus package but uncertainty bedevils the economy
The currency has been hit by concerns over monetary policy under President Recep Tayyip Erdogan
Rand jitters question the state’s ability to provide an economic stimulus and to continue to bail out parastatals
The power utility admits that its ‘transition towards financial and operational sustainability required resolute, tough and decisive leadership’
The continent’s leaders need to weigh up the pros and cons of intra-African agreements carefully before committing their nations to them
The mayor has denied reports of the city’s financial woes, but audits hint at vulnerabilities