Gold And Foreign Exchange Contingency Reserve Account
latest news & developments
Budget: Why a VAT increase is the least bad option
The Gold and Foreign Exchange Contingency Reserve Account is not a piggy bank that can be used to solve South Africa’s fiscal problems.
Budget: There are no rabbits in Godongwana’s hat
Debt service costs and civil servant wages account for 61% of total government spending, reducing budgets for, say, education, infrastructure and health
Effective gold trading techniques for experienced investors
Understanding the market and a well-defined trading plan are essential for success
Treasury puts the brakes on a left turn
Some consider the decision to tap the forex reserve as a sign that the state can be swayed by the left. But the ANC-led government knows exactly how to neutralise progressive…
New fiscal ship needed to avoid icy waters
South Africa’s debt-to-GDP ratio must drop below 60%, meaning some conditions have to be met – and ensuring state-owned enterprises are effective is a priority
Move to tap forex reserve is ‘sensible’
Commentators are cautiously positive about the treasury’s decision to use the Gold and Foreign Exchange Contingency Reserve Account
Budget 2024: State to tap into R500 billion forex reserve
The decision follows pressure from civil society and labour — as well as warnings that the treasury risks leaving the Reserve Bank in a precarious position
Gold and forex reserve is no pot of cash, says Kganyago
The Reserve Bank governor confirmed the central bank is in talks with the treasury over calls to tap the Gold and Foreign Exchange Contingency Reserve Account This content is…