South Africans should brace for recession.
Godongowana delivered the MTBPS on Wednesday, 26 October covering alongside the topics of Eksom and E-tolling in Gauteng - other important fiscal talking points, pricking up the ears of South African economists from across industries.
Finance minister Enoch Godongwana, will table the Medium-Term Budget Policy Statement in Parliament on 26 October 2022, which will likely headline Eskom's financial future.
The rand gained further ground against a weaker dollar in morning trade on Tuesday (4 October) as it searches for any meaningful direction on either side of the R18.00 mark.
Second quarter 2022 Gross Domestic Product (GDP) data published by Statistics South Africa showed a decline of 0.7% quarter-on-quarter, was quickly followed by yet another load shedding announcement from power utility, Eskom.
Moller explains how he has been able to serve as Citadel CEO for 10 years.
The rand has benefitted from dollar weakness in recent sessions as slower-than-expected US inflation data eased pressure on the Federal Reserve to aggressively raise interest rates.
Citadel, the specialist wealth management company, asked a sample of young professionals between the ages of 21 and 24 to anonymously submit their most pressing financial questions on how to start building their wealth in their twenties.
With South Africans learning to live with the current cycle of stage 6 load shedding, many believe the ongoing power cuts to be the antagonist behind the weak rand. However, treasury experts say the power outages are only a small…
South Africa’s economy is back at the size it was before the coronavirus pandemic struck, following quicker than anticipated growth in the first quarter.