Economy / General

Can we turn this economy around?

As we move towards the festive season, most of the focus in South Africa usually falls on the Medium-Term Budget Policy Statement (MTBPS), often referred to as the Mini Budget.

Medium-term Budget could reveal Budget deficit is on target, says Old Mutual Investment Group

PwC focus on Medium-term Budget Policy Statement

MTBPS wish list to stimulate SA economy Finance Minister Tito Mboweni will deliver his maiden Medium-Term Budget Policy Statement (MTBPS) to Parliament on October 24th. Although most of the medium-term fiscal planning ahead of this event would have been completed before Minister Mboweni was appointed to his new job on October 9th, the new finance minister will now be the face of the fiscus during trying economic times.

Medium-term Budget could reveal Budget deficit is on target, says Old Mutual Investment Group

With South Africa currently in a mild recession and growth below what it was in 2017, consumers are increasingly under pressure. South Africa is also facing an election year next year, meaning Cyril Ramaphosa is at a critical point in his presidency. As such, all eyes will be on the Medium-term Budget Policy Statement (MTBPS) next week, delivered by newly appointed Finance Minister, Tito Mboweni.