February 28, 2023
Consolidation intact even as the economy confronts headwinds
Despite the economy confronting significant challenges, government’s cautious approach to managing public finances has allowed it to provide short-term support to the economy.
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February 28, 2023
Markets breathe a (small) sigh of relief
Markets received Budget 2023 positively, evident in a near-20 basis point (bp) rally in the benchmark 10-year yield and the 20c rally in the rand versus the dollar.
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February 28, 2023
Renewed optimism for agriculture following bold reforms in the 2023 Budget
There are several positives for the agriculture sector and the first being the required allocation to deal with the energy crisis as loadshedding has started to impact negatively on food production thus a potential threat to food security.
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February 28, 2023
The Impact of the budget speech for SMEs
The finance minister, Enoch Godongwana, has given some hope to SMEs in the National Budget Speech. There are a few supportive measures that have been provided to navigate these challenging economic conditions.
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February 28, 2023
Positive steps taken in 2023 Budget
Government’s commitment to put measures in place to respond to the impact of severe weather events and the tax incentive rebate relating to the installation of new and unused solar panels, welcome positive steps forward.
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February 22, 2023
Budget 2023: As good as could be hoped for
Budget 2023 is as good as we could have hoped for, given current economic conditions. The National Treasury has lifted the expected government debt trajectory, but, importantly, it continues to map a path to fiscal sustainability and a lower government debt ratio in the long-term.
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