14.1.2021 06:42 pm
According to a Reuters poll, the South African Reserve Bank (SARB) is expected to keep its repo rate at a record low 3.50%, while economists have revised its outlook for the South African economy due to the second wave of Covid-19 infections.
The South African Reserve Bank (SARB) is expected to keep its repo rate at a record low 3.50% at its meeting next Thursday, and the rest of 2021 according to a Reuters poll among 20 economists amid a raging coronavirus pandemic and benign inflation.
A surprising finding is that almost half (45%) of online shoppers have never returned a product bought online.
The public broadcaster’s deputy chairperson Mamodupi Mohlala-Mulaudzi has slammed the process, saying it has already had a ‘serious impact on staff morale’.
The state’s plans for company have more sway over the group’s valuation.
Pension funds have been legally challenging the prescriptive Regulation 35(4) addition to the Pension Funds Act (PFA) around actuarial surpluses and contingency reserve accounts for years.
Low-paid, poor-quality, depleting work needs to be recognised for what it is: unsustainable, deeply damaging and costly for any society.
The country is between a rock and a hard place.
There is however a need to be pragmatic in this area. It is possible, for instance, to make a sound case for investing in carbon-intensive companies.
One implication is that the government is spending money it does not have, worsening its indebtedness to the point of implosion.
“The ability of government to digs in its heels to curb expenditure growth will determine how successful it is in stabilising the debt ratio in the next five to ten years.”
“I am glad I am not him. Our economic situation is getting exceptionally bad and he has to say where the money will come from for the president’s plan.”
The Medium-Term Budget Policy Statement is expected to be a stark and difficult statement of SA’s financial outlook.
Sustainable finance may not yet be as mainstream locally as it is globally, but it is gathering momentum.
Economists are positive over Ramaphosa’s plan to save the country’s economy, but question where the money will come from to reach his ambitious targets.
“We already have too many plans, what we need is more implementation. More plans will not help and the president did refer in a recent speech to the need for implementation.” – Prof. Jannie Rossouw, interim head of the Wits Business School