Economy / General

Annuitisation - Social Protection and NEDLAC - Compulsory preservation

Medium Term Budget Policy Statement

There is always a heightened sense of anticipation prior to any address by the Finance Minister, Tito Mboweni, and this time was no different. In fact, the anticipation might have been more intense than usual, given that the Budget Speech had been postponed by a week.

Medium-Term Budget Policy Statement (MTBPS) Quick View

Finance Minister Tito Mboweni presented his third Medium-Term Budget Policy Statement (MTBPS) on October 28. It was his third budget speech for the lockdown-hit year following the regular February address and a supplementary budget released in June.

CPI for September 2020

Consumer price inflation decreased to 3.0% year-on-year as at the end of September 2020, and therefore remains at the lower end of the target band. All of the groups measured added to inflation, however the main contributors in September were “Food and non-alcoholic beverages”, “Housing and utilities”, and “Miscellaneous goods and services”.