Economy

MTBPS: Absa's initial view

“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

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?

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