
Coalition politics hampered Budget consensus, says Godongwana
South Africa’s credibility among investors and ratings agencies will depend on whether the government meets the fiscal targets it has set, says Treasury.
South Africa’s credibility among investors and ratings agencies will depend on whether the government meets the fiscal targets it has set, says Treasury.
With South Africa’s debt-to-GDP ratio at 75.1%, Finance Minister Enoch Godongwana faces a tough balancing act – can his Budget Speech reassure investors and spark economic growth?
The rating upgrade is likely to have profound implications for investment portfolios.
Despite economic challenges, 81% of SMEs expect business growth in the next year, with confidence in the political landscape boosting optimism.
Jittery investors continue to forego the benefits of remaining invested in equity portfolios over the long term.
A comparison of current market behaviour with the pivotal 1994 election period points to the potential for a rally in the rand and financial shares.
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