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Month: Oct 2018

Mboweni Takes Centre Stage

Mboweni Takes Centre Stage Commentary: 29 October 2018 Former Goldman Sachs chief economist (and the man who coined the term “BRIC”), Jim O’Neill has given our new Finance Minister, Tito Mbweni the thumbs up. He believes the appointment will go a long way towards restoring SA’s international credibility as an investment destination. O’Neill knows Mboweni …

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Mboweni’s Moment of Truth

Mboweni’s Moment of Truth Commentary: 25 October In his maiden speech as Finance Minister, Tito Mboweni was calm, composed and even a little jovial. This was the first time that the new administration could distinguish itself in fiscal terms from the old guard. Mboweni was at pains to stress that the economy finds itself in …

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Mboweni’s First Test: The Medium-Term Budget Policy Statement (MTBPS)

Mboweni’s First Test: The Medium-Term Budget Policy Statement  (MTBPS) Commentary: The disappearance of Saudi journalist Jamal Khashoggi made global headlines last week and ratcheted up geopolitical tensions, stoking worries about oil supply from Riyadh. Saudi Arabia has been under increasing pressure since Khashoggi, an outspoken critic of the kingdom, disappeared after visiting the Saudi consulate in …

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IMF Global Growth Update and Mboweni Appointment Moody’s keeps SA rating unchanged

IMF Global Growth Update and Mboweni Appointment Moody’s keeps SA rating unchanged Commentary: The IMF has revised its outlook for global growth to 3.7% for 2018 and 2019. The revisions reflect the impact of trade tensions, poor growth prospects in the EU, Japan and the UK as well as the effect on emerging markets of …

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SA and World Economic Outlook

SA and World Economic Outlook   Commentary: The price of Brent crude traded above $85 per barrel last week, a four-year high, on supply concerns ahead of US sanctions against Iran which will become effective the 4th November. Iranian output in September fell by 100,000 barrels per day. In addition to the worries about Iran, …

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