Explore the Category

Back to the budget drawing board

Back to the budget drawing board

31 October 2017 | Economy

Facing a R50 billion tax revenue shortfall, Minister Gigaba and the National Treasury team only had three options to choose from in preparing the Medium Term Budget Policy Statement (MTBPS). They could try to squeeze more out of a struggling tax base, cut spending despite increasing demands from various quarters, or borrow more, adding to a rapidly rising debt pile. In the end, they chose a combination that favoured the latter. Due to the missing R50 billion, the budget deficit (the difference between spending and tax revenue) will be 4.3% of GDP for the current fiscal year instead of 3.1% as projected in February. This is a massive jump and much worse than expected. The deficit will narrow somewhat to 3.9%, but this will not be enough to stabilise Government’s debt level over the MTBPS’s three year forecast period. Instead, the ratio of debt to GDP will rise towards 60% by 2021.

Driving retirement investment strategy in a lower-return environment

Driving retirement investment strategy in a lower-return environment

27 October 2017 | General

What should trustees be considering to generate sufficient returns for their members?

Fairtree Capital launches third hedge fund in its Protea range of funds

Fairtree Capital launches third hedge fund in its Protea range of funds

26 October 2017 | General

Fund offers global equity exposure, while rooted in SA.

Fairtree Capital in pole position on latest Morningstar Ratings

Fairtree Capital in pole position on latest Morningstar Ratings

26 October 2017 | General

Fairtree Capital took pole position in Morningstar Ratings’ latest Analysis of South African Domiciled Asset Managers on 30 September 2017.

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

View the Results

Rosy outlook for GraySwan Investments

Rosy outlook for GraySwan Investments

26 October 2017 | General

JSE launches Green Bond segment to fund low carbon projects

JSE launches Green Bond segment to fund low carbon projects

25 October 2017 | General

Shoppers not put off by politics

Shoppers not put off by politics

23 October 2017 | Economy

Investors closely watching 2017 medium term budget policy statement, says Old Mutual Investment Group

Investors closely watching 2017 medium term budget policy statement, says Old Mutual Investment Group

23 October 2017 | Economy

Investing is a marathon, not a sprint - even during revolutions

Investing is a marathon, not a sprint - even during revolutions

19 October 2017 | General

Investing without uncertainty – a shift in mindset

Investing without uncertainty – a shift in mindset

19 October 2017 | General

MTBPS set to disappoint as growth plan stumbles

MTBPS set to disappoint as growth plan stumbles

18 October 2017 | Economy

State of the South African Exchange Traded Product (ETP) Industry – January to September 2017

State of the South African Exchange Traded Product (ETP) Industry – January to September 2017

18 October 2017 | ETF's (Exchange Traded Funds)

« ‹ 328 329 330

331

332 333 334 › »

FAnews June 2026

THE LATEST EDITION FANEWS MAGAZINE

When claims defy the ordinary
Stricter AML rules: is your FSP ready?
Why innovation starts with the client
South Africa’s withdrawal frenzy
Why geopolitical risk matters now