As the dust settles from South Africa’s emergency budget announcement, economist and ratings agencies have expressed their pessimism towards the finance minister Tito Mboweni’s ability to cut expenditure and deliver on his debt stabilisation plan. Joining CNBC Africa for this discussion are Mamello Matikinca-Ngwenya, Chief economist at FNB, Nicky Weimar, Chief Economist at Nedbank and Murtaza Moulvi, Head of Financial Markets at Standard Chartered Bank....
A day after Finance minister Tito Mboweni delivered his crucial supplementary budget speech, the markets are down, the rand dollar exchange is taking a hit and the economy looks bleak at best. So where to now? Arthur Kamp, Chief Economist at Sanlam Investments joins CNBC Africa for more.
Joining CNBC Africa to discuss a post-budget analysis of the emergency budget speech yesterday is Azar Jammine, Director and Chief Economist at Econometrix and Maarten Ackerman, Chief Economist and Advisory Partner at Citadel.
Tertia Jacobs, Treasury Economist at Investec and Ronald King, Head: Public Policy & Regulatory Affairs at PSG join CNBC Africa’s Fifi Peters to breakdown the supplementary budget presented by finance minister Tito Mboweni.
Finance Minister Tito Mboweni’s warning of a bleak budget sets the tone of what is to come from Wednesday’s speech. Receiving a R173 billion boost from the New Development Bank, having to reprioritise R130 billion to fund part of the government’s stimulus package, billions of relief programmes that has paid out and many more standing with cupped hands asking for help, what else can we expect to come out from Wednesday’s budget? Nolan Wapenaar, Co-Chief Investment Officer for Anchor Capital and Bernard Sacks, Tax Partner at Mazars joins CNBC Africa for more.