Boardroom Talk: Budget Day. And Part Two of the RW Johnson masterpiece on SA foreign relations

By Alec Hogg.Even though it's National Budget Day, I'll not be tempted to succumb the the aweful temptation of offering a preview. .For two reasons. First, Kevin Lings did an excellent job in the discussion we had earlier in the week – you can catch that interview by clicking below. .___STEADY_PAYWALL___.And second, because I don't have a credible deepthroat at National Treasury, haven't a cooking clue what we'll be served up, so anything would be pure speculation. .But I'll be a whole lot better informed after spending eight hours scanning the details ahead of the finmin's presentation. Highlights will magically appear on BizNews.com, at 2pm – or as soon as Enoch starts talking. Hope you find the analysis useful..In the meantime, look below for Part Two of RW Johnson's analysis of how SA's wonky foreign policy evolved to its current state..A reminder that after being in pre-Budget lockup from 6am today, I'll be unpacking the details of Enoch Godongwana's big speech – and how it affects you – at 7 pm tonight. Click here to signup for the interactive webinar. Another webinar worth attending is at noon on Friday, when our business partners at Orbvest take the wraps off a new investment opportunity (#42, in Atlanta, Georgia). I'll be hosting the interactive webinar – click here to register..South Africa's annual Budget, to be presented on Wednesday, comes at a crucial time in the electoral cycle for the ruling ANC. A watershed National election is pencilled in for May 2024, at which the ANC looks sure to lose its control of Parliament. Adding to the pressure to dispense vote-catching gifts by an embattled political party is an unexpected income overrun between R80bn and R90bn in mining sector taxes via a commodities price boom. Stanlib chief economist Kevin Lings outlines the significant issues facing SA finance minister Enoch Godongwana, warning that investment markets will punish any short-term profligacy, especially given the fragile nature of the income windfalls. He spoke to Alec Hogg of BizNews.More for you to read today:– Some of the Best Weapons in the World Are Now in Ukraine. They May Change the War. Click here.– After Testing Four-Day Week, Companies Say They Don't Want to Stop. Firms saw productivity hold mostly steady and fewer employees quit. Click here. – Theuns Eloff: What's behind the ANC's newfound urgency with Eskom? Click here.

Boardroom Talk: Budget Day. And Part Two of the RW Johnson masterpiece on SA foreign relations

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