Money Web
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Money Web
The budget in seven charts
The unusualness of Finance Minister Tito Mboweni’s second budget of the year can be seen in him delivering his speech from a government briefing room in Pretoria, and not from a parliamentary chamber in Cape Town where he would be playing to the crowd.
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Money Web
JSE, rand tread lower ahead of emergency budget
The JSE’s All Share Index traded marginally down by around 1% in morning trade on Wednesday, while the rand was also around 0.5% weaker against the US dollar (R17.33 at 11:15am), ahead of Finance Minister Tito Mboweni’s much anticipated emergency budget.
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Oil edges lower
Oil edged lower in New York after an industry report signalled another increase in U.S. crude stockpiles, and as the spread of the coronavirus continued to cloud the prospects for an economic recovery.
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African trade deal to push ahead even if another virus-wave hits
“If the pandemic continues into 2021, we will develop the necessary public-health protocols to continue and to push on with the implementation of the African Continental Free Trade Area,” Wamkele Mene said in an interview at the Bloomberg Invest Global virtual conference on Tuesd...
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