BACK TO TOP

MTBPS: No Real Plan; Implications for SA financial assets

27 October 2017

|

by Nolan Wapenaar

Sean Ashton and Nolan Wapenaar explain there views on the recent MTBPS and what it means for SA.

Margaret Thatcher famously quipped that the problem with socialism is that you eventually run out of somebody else’s money to spend.  The MTBPS yesterday was both an acknowledgement that our government has lost control of finances and that we are rapidly running out of other people’s money.  The problem in South Africa is arguably not so much about socialism, but more about an excessive government payroll that is mired in inefficiency and corruption.  These factors have all combined to crowd out the private sector and dominate the economy.  The inevitable slow economic growth was exacerbated by a collapse in confidence by consumers and business on the back of the cabinet reshuffle to remove Pravin Gordhan.

Click here for the full article.

OUR LATEST NEWS AND RESEARCH

13

Jun '18
Global Market Commentary – May 2018
WATCH

11

Jun '18
Local Market Commentary – May 2018
WATCH

11

Jun '18
Booking Holdings
READ MORE

INVESTING IN

YOUR NEEDS

Submit your details and we’ll give you a call back to assist and advise you on your investment.

CONTACT US

SUBSCRIBE TO OUR NEWSLETTERS

Subscribe to our newsletters to receive regular market commentary, research and updates from the Anchor team.