NOW Ep66: Budget Speech 2024: What You Need to Know
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Surging government expenditure, high debt and a widening budget deficit. How will the minister tackle the country's financial problems? In the latest episode of the No Ordinary Wednesday podcast, Investec experts Chief Economist Annabel Bishop ,Treasury Economist at Investec Corporate and Institutional Banking Tertia Jacobs and Wealth & Investment Tax and Fiduciary specialist Pierre Botha give their insights on what to expect at this year’s budget speech.
00:00 – Introduction
01:04 – 2024 economic growth outlook
03:20 – Impact of weak economic growth on South Africa’s finances
05:33 – fiscal policy vs monetary policy
07:03 – How closely are ratings agencies watching budget speech 2024?
08:40 – Where should Finance minister Enoch Godongwana cut expenditure in the 2024 budget?
11:54 – What are the key focus areas for budget 2024?
16:38 – With rising government debt, high expenditure, revenue shortfalls and a widening budget deficit, where will the money come from?
17:10 – What is the possible fiscal anchor?
18:29 – The importance of public private partnerships
19:21 – Any tax increases expected?
21:17 - Shift in focus by SARS to high-net-worth individuals
22:11 – Any changes expected to exchange controls?
Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.
00:00 – Introduction
01:04 – 2024 economic growth outlook
03:20 – Impact of weak economic growth on South Africa’s finances
05:33 – fiscal policy vs monetary policy
07:03 – How closely are ratings agencies watching budget speech 2024?
08:40 – Where should Finance minister Enoch Godongwana cut expenditure in the 2024 budget?
11:54 – What are the key focus areas for budget 2024?
16:38 – With rising government debt, high expenditure, revenue shortfalls and a widening budget deficit, where will the money come from?
17:10 – What is the possible fiscal anchor?
18:29 – The importance of public private partnerships
19:21 – Any tax increases expected?
21:17 - Shift in focus by SARS to high-net-worth individuals
22:11 – Any changes expected to exchange controls?
Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.
