https://stanlib.com The South African Budget Speech Commentary Investing en Thu, 11 Nov 2021 18:26:00 +0200 Wed, 28 Feb 2024 14:35:12 +0200 30 http://blogs.law.harvard.edu/tech/rss iono.fm 2.5.3.0 STANLIB no Yearly feeds@iono.fm (Feed Manager) https://cdn.iono.fm/files/p2227/logo_6858_20250909_213128_1400.jpeg https://stanlib.com The South African Budget Speech Commentary STANLIB episodic STANLIB joseph.hlangweni@stanlib.com false ZA https://iono.qa/e/1410719 https://iono.qa/e/1410719 Investing Wed, 28 Feb 2024 14:30:00 +0200 0 0 Decoding offshore equity opportunities 0 0 STANLIB full 13:48 The South African Budget Speech Commentary https://iono.qa/e/1283538 https://iono.qa/e/1283538
STANLIB’s Chief Economist, Kevin Lings, and Head of Fixed Income, Victor Mphaphuli, discuss the market’s response to the 2023 National Budget and what risks remain. ]]> Investing Wed, 22 Feb 2023 20:59:00 +0200 0 0 Budget 2023: bonds, currency respond positively 0 0 STANLIB full 8:06 The South African Budget Speech Commentary https://iono.qa/e/1283510 https://iono.qa/e/1283510
In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses how the 2023 National Budget released on Wednesday manages to balance demands for energy and social support with fiscal prudence. ]]> Investing Wed, 22 Feb 2023 18:58:00 +0200 0 0 A Budget that strikes the right balance 0 0 STANLIB full 10:29 The South African Budget Speech Commentary https://iono.qa/e/1244728 https://iono.qa/e/1244728 Investing Wed, 26 Oct 2022 19:41:00 +0200 0 0 A positive medium-term mini-budget, though it sets some ambitious targets 0 0 STANLIB full 2:39 The South African Budget Speech Commentary https://iono.qa/e/1244699 https://iono.qa/e/1244699 Investing Wed, 26 Oct 2022 18:36:00 +0200 0 0 A good mini-budget, delivered in a challenging environment 0 0 STANLIB full 7:40 The South African Budget Speech Commentary https://iono.qa/e/1125408 https://iono.qa/e/1125408
This is particularly encouraging, given the fears in 2020 that SA may have to resort to the International Monetary Fund (IMF) for assistance.
The main risks lie in whether the government can deliver on its promises, setting future GDP growth on a higher path. Current growth projections are low, and will not deliver much-needed jobs, warns STANLIB Chief Economist, Kevin Lings.

SA’s fixed interest markets responded positively to the downward revision in the debt to GDP ratio with compression in longer-dated yields against shorter-dated yields, while the currency strengthened. However, Mphaphuli expects the credit rating agencies will adopt a “wait and see” approach to the promises made. ]]> Investing Thu, 11 Nov 2021 19:03:00 +0200 0 0 Bonds and currencies respond positively to MTBPS 0 0 STANLIB full 10:15 The South African Budget Speech Commentary https://iono.qa/e/1125392 https://iono.qa/e/1125392
The MTBPS showed a R120 million improvement in tax revenue collection above budget, and this will be used to fund a R59.4 billion overrun in government spending as well as reduce debt. SA’s fiscal and debt outlook have improved significantly compared with earlier this year and during the height of the COVID-19 pandemic in 2020.

From a growth perspective, it was encouraging that the minister made it clear the private sector should become more involved in driving the economy, both in investing and job creation. ]]> Investing Thu, 11 Nov 2021 18:26:00 +0200 0 0 Medium-Term Budget Policy Statement shows commitment to tackle debt 0 0 STANLIB full 8:50 The South African Budget Speech Commentary