🔒 What other countries can teach SA about handling a debt crisis
It’s no secret that South Africa is facing a potential economic crisis. Debt has been rising unsustainably and economic growth is too low.
It’s no secret that South Africa is facing a potential economic crisis. Debt has been rising unsustainably and economic growth is too low.
Magnus Heystek has advice for baby boomers wanting to protect their retirement pots and a stern warning for the ANC government.
Standard & Poor’s has maintained South Africa’s sub-investment grade, but there has not been further slippage into sub-investment territory, which would make borrowing even more expensive than it is.
At yesterday’s weekly auction, global bond investors offered to lend three times the R3.3bn which the South African Treasury was looking for.
Political uncertainty and its twin, instability, are currently South Africa’s public enemy number one. And the consequential impacts are largely economic.
Delivering returns through traditional approaches will become more challenging but opportunity awaits those who are prepared to embrace a new era of private equity.
A combination of factors points to the most probable outcome for the Rand being a gradual depreciation over time, albeit with short-term volatility, says Azar Jammine.
Pravin Gordhan’s budget task is not easy in a slow growth environment as he seeks to close a R48 billion budget contraction by further tax increases and cost cutting.
The nuclear procurement programme will officially begin on September 30, amid a court case against the process and as rating agencies watch the country’s spending plans.
Half of the world’s top emerging market sovereigns are now rated below investment grade following this year’s latest wave of downgrades.