Economy / Budget 2021

Is Budget 2021 too optimistic about prospects for medium-term fiscal consolidation?

This year’s Budget Speech by Minister of Finance, Tito Mboweni, struck a much more optimistic, hopeful tone – in keeping with President Cyril Ramaphosa’s State of the Nation address (SONA) two weeks earlier – than the Supplementary Budget, presented in June last year, and the Medium-Term Budget Policy Statement, presented in October.

Budget 2021 from an outside-in perspective: Global asset manager Schroders says it’s not all doom and gloom but government needs to get on with the job

Budget speech’s good news should result in more positive market impact over time

While markets and the currency initially surged during the Minster’s Budget Speech yesterday, they soon settled into a more muted response as analysts digested the detail in the Budget, with questions remaining around whether Government could deliver on some of the commitments made.

Minister increases carbon fuel levy by 1 cent per litre – is it enough for much needed climate change mitigation? A global perspective

The Minister of Finance, Tito Mboweni, announced yesterday that the carbon fuel levy will increase by 1 cent per litre.