READ IN FULL | Budget breaks President Ramaphosa’s promise – economists’ letter to MPs

A large group of economists has written to MPs asking them to reject the supplementary budget, which they say undermines President Cyril Ramaphosa’s promises.  They say the budget reneges on the president's R500-billion rescue package announced during the lockdown, instead presenting a net increase to non-interest spending. They also believe...
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WRAP | As Covid-19 wreaks havoc on public finances, Mboweni vows government will stabilise debt

Key takeaways from Mboweni's address :   *The consolidated budget deficit will rise to R761.7 billion, or 15.7 per cent of GDP in 2020/21. *SA will also miss its tax revenue target (included in the February Budget) by some R300 billion. *Treasury is projecting that gross national debt will be...
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With Compliments-June 2020

Month 3 of lockdown, and luckily almost all of our clients are open from level 3 this month. Well done for getting this far, it’s been tough, and the economy is probably going to take a while to recover. Shout if we can support and watch out for our helpful...
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With Compliments-May 2020

Coffee with Claire Even though we are now in a state of not knowing our immediate future, we all need to start feeling comfortable in our new situation to be able to achieve our short-term goals. We are in a position to assist you and help your business survive. Look...
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