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MTBPS: A to-the-bone honest budget

25 October 2018

It was clear going into this Medium Term Budget Policy Statement (MTBPS) that is was going to be much tougher than previous years, simply because economic growth and tax revenues are so much worse than had been forecast.

MTBPS: Absa's initial view

25 October 2018

“This budget was an honest reflection of the situation in South Africa. Government is committed to clamping down on corruption, inefficiencies and restoring state-owned entities to health. We, however, foresee that the market may be slightly disappointed.” – Koranteng.

Investec: MTBPS laden with negative headlines but devil in the detail

25 October 2018

At first glance Finance Minister Tito Mboweni’s maiden Medium-Term Budget Policy Statement (MTBPS) does not paint a pretty picture and the market is likely to hate it. The headlines in particular are dreadful: the consolidated deficit rises to 4% this year, raising the spectre of a Moody’s downgrade, debt issuance over the next three years rises by R55bn and debt only peaks in 2024/25.

Can we turn this economy around?

24 October 2018

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.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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