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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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Geographic
Topical
Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…
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DOI: 10.1108/OXAN-DB283326
ISSN: 2633-304X
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Geographic
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Facing major shortfalls in tax collections, the Treasury has therefore requested government departments to implement immediate spending cuts and has recommended far-reaching…
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DOI: 10.1108/OXAN-DB282150
ISSN: 2633-304X
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Geographic
Topical
Indonesia hosted the 43rd ASEAN summit and related events, including the 18th East Asia Summit (EAS). India held its first-ever G20 summit. ASEAN’s chairmanship now passes to…
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DOI: 10.1108/OXAN-DB281866
ISSN: 2633-304X
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Geographic
Topical
The adverse conditions that drove the rand to record lows in the second quarter of 2023 will likely persist through the remainder of the year, despite 0.4% growth in the first…
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DOI: 10.1108/OXAN-DB280031
ISSN: 2633-304X
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Geographic
Topical
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…
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DOI: 10.1108/OXAN-DB280137
ISSN: 2633-304X
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Geographic
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The deal will see the state assume or help pay ZAR254bn (USD13.7bn) of Eskom’s debt and comes amid a debilitating increase in breakdowns of generating capacity that mean the…
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DOI: 10.1108/OXAN-DB276623
ISSN: 2633-304X
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Geographic
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This level was briefly reached in 2017, as well as during the 2008-09 global financial crisis. Interest rates are expected to rise further until inflation moves back within…
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DOI: 10.1108/OXAN-DB274430
ISSN: 2633-304X
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Geographic
Topical
Until recently, worsening indicators were confined to small-town and rural areas, but now, as the report highlights, the problem has spread to major metropolitan local government…
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DOI: 10.1108/OXAN-DB262722
ISSN: 2633-304X
Keywords
Geographic
Topical
This drop has taken oil into its second bear market in the space of just over a year amid a broader rout in the prices of commodities, notably copper and gold. The commodity…