Dr Brian Benfield – Why does South Africa insist on maintaining destructive foreign exchange controls?
Forex controls have many unintended, undetected and under-reported consequences that are gravely injurious to the rand and our national economy.
Tito Mboweni
Another Budget, another set of promises. Why the Hell should we believe Enoch?
New finmin Enoch Godongwana says there is little in today’s budget that wouldn’t have been in it had his predecessor Mboweni still been in the post.
SA’s rulers, stumbling backwards shouting progress – analyst
SARB governor Lesetja Kganyago has repeatedly asserted that South Africa’s economic problems are structural and cannot be addressed by monetary policy.
🔒 Financial Times perspective: How world sees SA’s record unemployment
“More than a third of labour force unemployed as economists warn unrest could fuel further rise,” writes Joseph Cotterill of the Financial Times.
🔒 Alec Hogg: SA doubles down on Development State
With Mboweni now gone, the SA economy’s key departments are 100% staffed by former trade unionists and/or communists, all staunch devotees of the Developmental State ideal.
Cyril Ramaphosa shuffles the pack as Tito steps aside, Mkhize resigns, Rand dips
Finance Minister Tito Mboweni was brought in as a stop gap measure after then-Finance Minister Nhlanhla Nene abruptly resigned.
Flash Briefing: Mboweni vows to avert debt crisis; Ransomware linked to Transnet cyberattack; SANDF deployed to Moz
South African Finance Minister Tito Mboweni affirmed his commitment to reining in debt amid concerns that the coronavirus pandemic and a week of deadly riots will further erode the state’s already shaky finances.
SA ready for global monetary policy tightening, says central bank governor
Lesetja Kganyago said South Africa is in a strong position to deal with global monetary policy tightening, reports Bloomberg.
Flash Briefing: Tito goes after taxis for tax; Melinda divorcing Bill after Epstein links revealed; Harmony Gold; Rand
Plans are afoot by the South African Revenue Services to address tax avoidance in the country’s minibus taxi industry which only pays R5m in taxes in total.
Nailing rich tax dodgers: Every HNWI assigned ‘personal’ Sars tax hunter
The South African government resisted implementing a wealth tax, but its new unit aimed at nailing rich tax dodgers may encourage some to emigrate.