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South Africa is standing at the edge of a fiscal precipice

30 June 2020 | General

The South African government will have to take decisive action if it hopes to avert a fiscal meltdown over the next five to 10 years. Kevin Lings, chief economist at Stanlib, said that urgent intervention was needed to avoid the worst case debt-to-GDP pathway set out in finance minister Tito Mboweni’s 24 June 2020 supplementary budget. “If government carries on as usual and the economy continues to struggle, then debt will ramp up to a forecast 140% of GDP by 2028/9,” he said. “We are heading towards a fiscal crisis that ends with a debt default, an IMF bailout, or an extensive prescribed asset scenario”. Lings was commenting during a Liberty Budget Commentary panel discussion, hosted by Bruce Whitfield, held 29 June 2020.

The road map to the revival of the economy – the 2020 supplementary budget

26 June 2020 | General

The 2020 supplementary budget comes at a time when the ongoing COVID-19 pandemic is causing widespread disruption in the world’s economy and continues to affect it negatively.

Beyond the supplementary budget: how the South African government will respond to its worsening economic and fiscal position

26 June 2020 | General

In his supplementary budget on 24 June, Finance Minister Tito Mboweni announced the following numbers:

No shelter from the storm for middle class in Mboweni’s budget

26 June 2020 | General

On Wednesday, Finance Minister Tito Mboweni tabled the national emergency budget outlining reprioritisation of spend in light of the impact of the pandemic. Apart from numerous COVID-19 health and frontline services, boosts to local government spend and talk of potential infrastructure injections, Mboweni laid out no real reprieve for the average income-earning consumer – even as he detailed the dramatically worsened economic environment that consumers must face.

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South African Institute of Black Property Practitioners Response to Supplementary Budget

25 June 2020 | General

Supplementary Budget 2020: What was not said

25 June 2020 | General

Supplementary Budget: Untenable fiscal position prompts a bold announcement

25 June 2020 | General

We are in fiscal crisis

25 June 2020 | General

Disappointing emergency budget lacks new policy announcements to accelerate growth and thus enhance the ability for faster fiscal consolidation

25 June 2020 | General

Supplementary Budget Review & Inflation sinks to 3% in April 2020 under lockdown

25 June 2020 | General

Few solutions, significant debt challenges, but a tighter belt for Government

25 June 2020 | General

Supplementary Budget Review

25 June 2020 | General

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Economy

South Africa is standing at the edge of a fiscal precipice

The road map to the revival of the economy – the 2020 supplementary budget

Beyond the supplementary budget: how the South African government will respond to its worsening economic and fiscal position

No shelter from the storm for middle class in Mboweni’s budget

South African Institute of Black Property Practitioners Response to Supplementary Budget

Supplementary Budget 2020: What was not said

Supplementary Budget: Untenable fiscal position prompts a bold announcement

We are in fiscal crisis

Disappointing emergency budget lacks new policy announcements to accelerate growth and thus enhance the ability for faster fiscal consolidation

Supplementary Budget Review & Inflation sinks to 3% in April 2020 under lockdown

Few solutions, significant debt challenges, but a tighter belt for Government

Supplementary Budget Review