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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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This followed two days after Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS), which offered an honest assessment of the steep deterioration in the…
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DOI: 10.1108/OXAN-DB247562
ISSN: 2633-304X
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Although the bank has acted on various fronts to support the economy, including a limited bond-buying programme, it continues to resist calls for full-blown quantitative easing…
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DOI: 10.1108/OXAN-DB254234
ISSN: 2633-304X
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The gains in global equities stem from the expanding universe of negative-yielding government bonds, which now account for nearly a third of the stock of global sovereign debt…
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DOI: 10.1108/OXAN-DB213055
ISSN: 2633-304X
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Prospects for South Africa in 2020.
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DOI: 10.1108/OXAN-DB249037
ISSN: 2633-304X
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SOUTH AFRICA: Interest rate cut not a growth panacea
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DOI: 10.1108/OXAN-ES222328
ISSN: 2633-304X
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Living standards are set to decrease further, with the number of Africans in poverty projected to rise for the first time in two decades. Current debt relief initiatives look…
SOUTH AFRICA: Food, fuel to weigh on rate decision
Other central banks in sub-Saharan Africa (SSA) have been increasing rates in a bid to contain inflation and shore up currencies. However, further increases risk dampening growth…
SOUTH AFRICA: Downgrade will deepen economic crisis