The Week In Perspective
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The rand broke a two-day losing streak on Thursday as investors welcomed the medium term budget policy statement (MTBPS), staging a mild recovery after falling the most in more than eight months in the previous session.
The JSE and local bonds were also heartened by the statement.
Finance minister Enoch Godongwana outlined a better fiscal position in his maiden medium-term budget and said he would continue the fiscal consolidation outlined by his predecessor, Tito Mboweni, in an effort to reduce the budget deficit and stabilise SA’s high debt.
Asian share prices advanced in early trade this morning as a shock from a surprisingly strong U.S. inflation reading ebbed, with investors now hopeful that the worst price hikes could be soon over
To put things into perspective Michael Avery is joined by Warwick Lucas, Chief Investment Officer at Galileo Asset managers; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
The JSE and local bonds were also heartened by the statement.
Finance minister Enoch Godongwana outlined a better fiscal position in his maiden medium-term budget and said he would continue the fiscal consolidation outlined by his predecessor, Tito Mboweni, in an effort to reduce the budget deficit and stabilise SA’s high debt.
Asian share prices advanced in early trade this morning as a shock from a surprisingly strong U.S. inflation reading ebbed, with investors now hopeful that the worst price hikes could be soon over
To put things into perspective Michael Avery is joined by Warwick Lucas, Chief Investment Officer at Galileo Asset managers; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
