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Month: Feb 2020

Budget Shows ‘Severe’ Slide In Public Finances

27 February 2020 – The budget delivered by finance minister Tito Mboweni highlights the “severe deterioration” of public finances and the long-term policy challenge of stabilising government debt, credit ratings agency Fitch said in a statement late on Wednesday evening. “Fiscal metrics worsened moderately compared with the medium-term budget policy statement (MTPBS) in October, despite …

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10 Things To Look Out For In Mboweni’s 2020 Budget Address

26 February 2020 – Finance Minister Tito Mboweni will deliver his 2020 Budget address as the country battles record-high unemployment, depressed economic growth, the likelihood of tax revenue shortfalls, and grim warnings that South Africa is marching towards a downgrade by Moody’s, the last major ratings agency to still assess SA’s sovereign debt at investment grade. From the prospect …

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IMF Executive Warns Against Trade Tension, Climate Upheaval And Inequality

21 February 2020 – Uncertainty has become the new normal as climate change calamities and sporadic disease outbreaks such as the coronavirus in China cause supply chain disruption and restrictions to travel and tourism, International Monetary Fund (IMF) executive Kristalina Georgieva says. Writing at a time when the finance ministers and central bank governors from …

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SA Sees Trade Unaffected By US Subsidy-Preferences Loss

17 February 2020 – South African exports to the US are unlikely to be affected by the Trump administration’s decision to remove the country’s exemption from trade-remedy laws, according to the South African government. The US last week narrowed its internal list of developing and least-developed countries, including South Africa, China and India, in order to reduce …

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