STANLIB STANLIB Podcasts

Medium-term budget shows it will be a long road to restore SA to financial stability

Loading player...
The Mid-Term Budget Policy Statement (MTBPS) was delivered under difficult economic conditions. The Minister of Finance had to present a consolidated, fiscally-disciplined package to address the deterioration in government finances, but could not make changes that would cause a pushback in an election year. The mini-budget showed tax revenue substantially behind budget, overspending of about R29 billion, mainly because of the wage increase for public servants, and a significant increase in government debt to 77.7% of GDP by 2025/26. The latter will increase the debt servicing cost to 22% of total tax revenue from 18% at present. The minister acknowledged the need to grow the economy and restructure government. However, there are no innovative ideas in this budget and nothing to indicate that government will be able to implement substantial reforms. Listen to further insights from STANLIB Chief Economist, Kevin Lings.
1 Nov 2023 English South Africa Investing · Business News

Other recent episodes

Active vs Passive investing: Where does each fit in a portfolio?

Active and passive investing each have distinct characteristics and can play different roles within an investment portfolio. In this episode of The More You Know, Ryan Basdeo, Head of Index Portfolio Management at 1nvest, and Brendan Howie, Head of Product at STANLIB Asset Management, explore the differences between active and…
1 Oct 11 min

SARB hikes rates: What it means for your STANLIB Money Market Fund

In this podcast, Stephen Backhouse, Head of Retail Strategy: Group Channels at STANLIB Asset Management, chats to Eulali Gouws, Head of Money Market, about the interest rate decision. Eulali explains the reasoning behind the decision, how the team positions the STANLIB Money Market Fund to respond to the interest rate…
25 Sep 5 min

Evolving role of women in wealth creation and capital allocation

Women are increasingly influencing capital allocation and investment decisions. More women are actively determining where capital is allocated, how risk is being managed, and what long-term success looks like, not only for their families, but also for their businesses and for their own investment portfolios. In the latest episode of…
23 Sep 16 min

Surprise SA retail figures in July, with softening trend expected

In this podcast, STANLIB’s Chief Economist, Kevin Lings, focuses on the US interest rate decision to hike rates by 25bps and what the environment suggests for interest rates going forward, with at least two hikes expected this year. He also examines SA retail sales in July, which surprised strongly to…
21 Sep 11 min
All episodes