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Eastern Cape

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21 Feb 2024

PRUDENTLY KICKING THE CAN DOWN THE ROAD

The Minister of Finance, Enoch Godongwana, delivered a budget that although on the surface looked prudent and positive, left some uncertainty. GFECRA SAVES THE DAY…FOR NOW The Gold and Foreign Exchange Contingency Reserve Account (GFECRA) was the biggest takeaway of the budget. The Minister announced that Treasury will draw down on its GFECRA account to […]

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21 Nov 2023

EDUCATION BREAKS THE CYCLE OF POVERTY

It’s estimated that South African companies spend more than R10 billion per year in total on Corporate Social Investment initiatives.

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1 Nov 2023

OUR VIEW ON THE MEDIUM-TERM BUDGET

The market’s response to Finance Minister, Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) on Wednesday afternoon was muted. This, however, was more an indication that the Minister delivered a MTBPS that was in line with market expectations, rather than it being positive. The MTBPS is filled with a number of risks for the fiscus, and […]