MTBPS 2023 in a Nutshell
SA faces revenue shortfall, budget cuts, and debt increase, impacting growth and raising investor concerns.
Budget
MTBP Speech 2023: The Executive Summary
The South African economy is forecast to grow at 0.8% in 2023, slightly slower than the 0.9% projected in the February Budget speech.
FULL SPEECH: Finance Minister Enoch Godongwana’s MTBPS 2023
2023 Medium Term Budget Policy Statement. Delivered by Enoch Godongwana: Minister of Finance
SA heading for fiscal cliff: Flags are going up, Don’t wait for a crisis urges Kevin Lings
Stanlib’s Chief Economist, Kevin Lings, warns that the upcoming mid-term budget won’t bring good news.
Magnus Heystek: Rand at R18.40 to $ may still prove bargain for offshore investors – think Blackouts; De Ruyter; ANC; Despondency; Capital Flight; etc
In an interview with Alec Hogg, Magnus Heystek delves into some of the shocking news items for SA investors that have emerged recently.
Banks prepared for greylisting, extra scrutiny for third parties, more hurdles for investors – Kokkie Kooyman
South Africa appears to be moving closer to being greylisted by the Financial Action Task Force (FATF) due to its weaknessess
Kevin Lings: South African National Budget 2023/2024 – a brief review
Kevin Lings and the STANLIB Economics Team offers a brief review of the 2023 National Budget – with extreme challenges still to be faced.
Eskom’s slow political death, SA probably in recession and greylisting a fait accompli – Economist Dawie Roodt
Reacting to the Minister’s 2023 budget, Roodt said he did not think that the Minister’s economic growth estimate will be achievable.
Budget 2023 – All the tax tables, from income to property and lump sums
Following the 2023 budget speech, these new tax tables range from income to property and lump sums.
Budget 2023 – Temptation resisted, Eskom mettle grasped. It could have been much worse.
Although Ramaphosa administered the last rites on Eskom’s monopoly a year ago, this Budget ensured its coffin is well and truly six feet under.