Economy / General

The MTBPS needs to focus on easing the cost of doing business

The Minister of Finance, Enoch Godongwana, has committed himself to the task of pursuing his predecessors’ structural reform agenda and reducing red tape, the progress of which will be keenly noted in the Medium Term Budget Policy (MTBPS) on the 11th of November.

Global growth strong & SA growth better than expected

Although the global economy has lost some steam, growth is still strong, and the outlook remains positive for both 2021 and 2022. The G7 is expected to maintain above-trend growth over the coming quarters, and although the level of growth remains high, analysts’ estimates suggest it has peaked and will continue to moderate.

Momentum Investments outlines three possible scenarios for SA’s economic future

Sustained sharp upswing in fuel prices will trim agriculture profit outlook

Early indications are that South Africa faces a massive upswing in fuel prices given the recent mid-month update from the Central Energy Fund which showed an under-recovery of 98 c/litre and 96 c/litre respectively for the 95 ULP petrol and the 93 ULP & LRP petrol. The under-recovery for the two grades of diesel (0.05% and 0.005%) is even sharper at 141.32 c/litre and 141.54 c/litre.