Magic Markets Ep14: SA the Fiscal Cockroach
The Finance Ghost and Mohammed Nalla take their signature unconventional approach to Budget Speech 2021. Despite all the challenges, South Africa somehow manages to find a way to get through. Dubbing South Africa the “Fiscal Cockroach” – a term of endearment in case you aren’t sure – the hosts take a balanced approach to the opportunities and risks facing the …
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Mboweni has diamond hands
This is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
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Mboweni has diamond hands
This is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
View Post
Mboweni has diamond hands
This is not an attempt to cover everything that happened in the budget speech today. The financial news agencies do a good enough job of that. Instead, I want to touch on some important concepts ahead of recording a Magic Markets podcast episode on this topic tonight. Look out for it on Thursday afternoon. It’s hard not to allow some …
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MTBPS: the deficit is deafening
Medium-Term Budget Policy Statement (MTBPS) – just reading it out loud is more of a mouthful than Finance Minister Tito Mboweni’s finest roast chickens on Twitter. This is different to the annual budget speech which presents the country’s finances for the next financial year. The MTBPS gives context to the budget speech for the forthcoming year, giving the market details …
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Can Mboweni save South Africa?
Literally minutes after I first posted this article, the headline broke that Finance Minister Tito Mboweni has asked for a postponement of the medium-term budget speech. He’s asked for a week’s delay but it’s still a really bad sign. We now wait and see whether the speech will be on October 21st as originally planned, or kicked out to October …
View Post
Can Mboweni save South Africa?
Literally minutes after I first posted this article, the headline broke that Finance Minister Tito Mboweni has asked for a postponement of the medium-term budget speech. He’s asked for a week’s delay but it’s still a really bad sign. We now wait and see whether the speech will be on October 21st as originally planned, or kicked out to October …
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