Peter Attard Montalto
latest news & developmentsBudget impasse down to the wire
Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
EFF manifesto: Freedom from the economic fight?
Some believe the Red Berets could pull the government too far to the left, but its lack of ideological clarity suggests otherwise
SA’s R210 billion grid dilemma hits pause on load-shedding fix
Renewable energy could close the gap between demand and supply, ending load-shedding. But out-of-pocket Eskom must find money to upgrade its transmission infrastructure first
Treasury is still seeking SAA funds
The government has committed an additional R2-billion to the airline, but has yet to pay it out
Sona 2016 analysis: Zuma’s ‘business as usual’ approach insufficient
Analysts say Zuma’s speech failed to show meaningful change in policy direction and is unlikely to stand in the way of a credit rating downgrade.
Bond buyers deterred by Fed rate outlook
Foreign investors offloaded more rand-denominated debt than what they bought last year, as demand for emerging market bonds declined.
Moody’s downgrades SA and Fitch could follow suit
Moody’s is the second ratings agency in 2014 to downgrade South Africa and Fitch, analysts warn, could very well do the same next month.
Analyst: No rosy elections outlook for ANC
Financial services group Nomura predicts that the ANC will lose up to 10% of its votes to the DA, Agang and the EFF in next year’s national election.
SA hit by global turmoil, bond yields driven down
Gloomy comments from the reserve bank were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.