Economic justice

Mini Budget critical tightrope walk

23 October 2018

Over the past few years, the three major sovereign credit ratings agencies – S&P Global Ratings, Fitch and Moody’s Investors Service – have all urged and prompted South Africa to pursue a path of fiscal consolidation amid rising expenditure. In successive budgets, National Treasury has made repeated undertakings to observe strict fiscal discipline through fiscal consolidation.

Bad news' mini budget seen as SA seeks stimulus funds

22 October 2018

Finding R50bn for a stimulus package is the unenviable task facing South African Finance Minister Tito Mboweni in the mid-term budget - and he’s only two weeks into the job.

Mboweni has to do that after an inflation-beating wage increase for civil servants and with state companies burning cash. He also has to show on Wednesday how the government plans to stem escalating debt to help ward off another credit-rating downgrade, that its self-imposed spending ceiling remains intact, and that the first-half recession is a thing of the past.

How data bundle prices changed over five years

A new report from the Independent Communications Authority of South Africa (ICASA) compares bundle price fluctuations from SA's four major operators over the past five years.

ICASA has published its latest "Bi-annual Report on the Analysis of Tariff Notifications", with the latest data to 30 June 2018. The regulator provides analysis of the price trends between 2013 and 2018 for prepaid data bundles, valid for 30 days, for operators MTN, Vodacom, Cell C and Telkom Mobile.

'Weak state entities a risk to SA's credit rating'

 16 October 2018

South Africa’s credit rating would be downgraded if state owned enterprises (SOEs) raise government’s debt burden, Moody’s warned.

The rating agency on Tuesday released a research report on the government.

Moody’s has rated South Africa at Baa3, one rung above junk status, with a stable outlook. The rating agency was scheduled to issue a rating action last Friday, but did not which meant the rand remained resilient strengthened on Monday following the delayed rating decision.

Seeds of next global financial crisis being sown

14 October 2018

Rising US interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said.

The world economy is still growing but faces an “unprecedented” combination of threats, the International Monetary Fund cautioned at an annual meeting with the World Bank in Bali this week.

7 WAYS COMMUNITIES MUST THINK DIFFERENTLY ABOUT LASTING INVESTMENT TO SEE REAL CHANGE

Investors across the world are changing their approach – instead of searching for opportunities that yield more monetary returns, they want their investments to create a meaningful and lasting impact on communities, according to Bruce Raw of GreenCape.

Raw was the keynote speaker at an investment summit at Touwsrivier on Friday. Several members of the Touwsrivier community and representatives from local government and business came together to share ideas of how to revive the small town's ailing economy.

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