Economy

Budget 2021 - Commentary from Momentum Investments

Optimistic budget masks a number of key risks

Finance Minister Tito Mboweni’s budget has been received very positively, as demonstrated by the reaction from markets. SA Inc companies have rallied, the rand initially strengthened, and even the bond market is acting positively. However, while there are notes of hope, this budget also demonstrates a number of key risks, overly optimistic assumptions and potential weaknesses, pointing to an extremely challenging path ahead for the country.

Budget Speech 2021: Key economic takeaways

Beyond promises: An excellent budget with plan to reduce issuance extremely positive signal

After a very difficult year, the National Treasury has produced an excellent budget. There was always a concern that given the growing evidence of higher than forecast revenues, expenditure would slip a lot in the coming years from the October Medium-Term Budget Policy Statement (MTBPS) forecasts.