South Africa Budget Day
Moody's warns "even if the government achieves its planned spending restraint, the government's projected primary deficit of 1.1% of GDP by fiscal 2022 would still be too wide to stabilize the debt burden."
South Africa’s largest trade union federation COSATU said on Wednesday that it would not allow workers’ wages to be slashed, after Finance Minister Tito Mboweni used a budget speech to promise cuts to the public sector wage bill.
All eyes were on Tito Mboweni for this budget as investors sit on the edge of their seats for the upcoming Moody's rating which, prior to the budget being delivered, was suspected to be a downgrade. Has that changed? And what is the view of other ratings agency's to South Africa's spending and collection plans. Join this CNBC Africa panel of experts as they unpack Finance minister Tito Mboweni's 2020 budget speech....
Finance Minister Tito Mboweni says South Africa's income tax system is progressive and the adjustments reflect this. Mboweni announced some declines in personal income tax. But as much there may be tax relief, sin taxes have again gone up- so what does this budget mean for you and your wallet? Samke Mhlongo, Founder & Chief Executive of Next Chapter, Ricardo Teixeira, Chief Operating Officer, Wealth Advisers BDO and Zweli Mabhoza Founder and Director, Priority Tax Solutions join CNBC Africa for more....
The biggest thorn in South Africa's side are its state owned enterprises - Eskom and South African Airways in particular. Are we throwing scare resources down a drain? Makgopa Tshehla, Professor for Financial Management of the Unisa Graduate School of Business Leadership, Maarten Ackerman, Chief Economist at Citadel and Abdullah Verachia from Gibs and CEO of The Strategists join CNBC Africa for more....
Vusi Thembekwayo, CEO of My Growth Fund, Steven Schultz, CEO, Momentum Securities and Xolile Sizani, Group CEO of Servest join CNBC Africa to dig deeper into finmin Mboweni’s 2020 budget speech....
Join this CNBC Africa panel of experts as they unpack Finance minister Tito Mboweni's 2020 budget speech....
CNBC Africa delves deeper into Finance minister Tito Mboweni's 2020 budget speech with Muneer Hassan, Senior Lecturer: Taxation, UJ, Stephen Meintjes, Head of Research at Momentum Securities and Nolwandle Mthombeni, Investment Analyst, Mergence....
Finance Minister Tito Mboweni presented his 2020 Budget with little room to manoeuvre. The speech provides insights on the state bank, growth and tax....
Minister of Finance Tito Mboweni has decided to cut the strained South African consumer some slack this year.
The national treasury has acknowledged that the risk to South Africa remaining investment grade has become more pronounced.
South Africa's Finance Minister Tito Mboweni provides insights on the state bank, growth and tax.
Finance Minister Tito Mboweni presented his Medium Term Budget Policy Statement, an important piece of South Africa's budgeting process. Join this CNBC Africa panel of experts as they to track market reaction to the #MTBPS2019....
State-owned entities are on the chopping block. The minister of finance, Tito Mboweni says the state will be selling some assets
Power utility Eskom, is seen as the biggest risk to the South African economy and will receive an extra R26 billion.
How will the points made in SA FinMin Tito Mboweni's 2019 budget speech impact you economically?
#Budget2019: Government not taking on #Eskom’s debt but will provide funding, place it under curatorship
Finance Minister Tito Mboweni warned that the fiscal support to Eskom is conditional.
Treasury sets out plans to render on to Caesar what belongs to Caesar. Read South Africa's finance minister, Tito Mboweni's budget speech in full:
Treasury has recognised that to render on to Caesar, what belongs to Caesar it needs to restore the efficiency of SARS.
Moody’s is the last of the top three agencies to still rate the country investment grade.
The wage bill remains the single largest component of expenditure.
No mention of VAT-free chicken.
#MTBPS2018 reveals dire consequences of former Commissioner Tom Moyane’s regime.
Madam Speaker President of the Republic Deputy President Cabinet Colleagues and Deputy Ministers Deputy Speaker Governor of the South African Reserve Bank Leaders of all political parties MECs for Finance Representatives of...
Tito Mboweni's medium-term budget speech will influence whether Moody’s strips South Africa of its last investment grade credit rating.
Could the reforms stutter confidence and growth in SA?
South Africa's Budget 2018 targets high-net worth individuals and those who fancy the finer things in life. But what does it mean for people’s planning for the future? Joining CNBC Africa are Gerald Mwandiambira, Acting CEO of South African Savings Institute and John Manyike, Head of Financial Education at Old Mutual.
“I would like to appeal to all large businesses not to resort to force majeure and stop paying their suppliers and rental commitments , as such practice has a domino effect on all other businesses dependent on that chain,”
"If that decision is made it would severely impact our work here in Africa,” says Moeti.
The World Bank expects COVID-19 to cost Sub-Saharan Africa up to $79 billion in lost output in 2020, plunging the region into its first recession in a quarter of a century. World Bank’s Chief Economist for Africa, Albert Zeufack joins CNBC Africa for more.