The #MTBPS2020 in five charts

Finance Minister Tito Mboweni has to walk a fine fiscal line.
Minister Tito Mboweni Delivering the 2020 Medium Term Budget policy statement. Image: GCIS

Finance Minister Tito Mboweni has little room to manoeuvre when it comes to paying South Africa’s bills. We show just how difficult it is in the charts below.

AUTHOR PROFILE

VIDEOS

COMMENTS   1

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

That ubiquitous yellow ANC T-shirt, on which the words “LET’S GROW SOUTH AFRICA TOGETHER”, refers:

Recently I noticed again someone wearing such shirt, and almost came to the point of asking the wearer “With SA’s continued economic DECLINE over the past number of years, where is the “growth” your ANC is talking about??

But refraining from saying anything, thinking the yellow shirt should’ve read: “Let’s destroy or loot SA together”

Back home I had some self introspection, thinking the slogan is in fact perfectly CORRECT:

I realised that, NEGATIVE growth is still regarded as “growth”. Just with a minus figure. (Hence I apologise to all the ANC readers on this site….sometimes your party do make sense)

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

TAX CALCULATOR  

How much do you earn per year?
How old are you?

Income:
Total tax:
Rebates:
Income after tax:

Income:
Total tax:
Rebates:
Income after tax:
Moneyweb is a financial, investment news provider and not a tax- or financial advice authority. Please contact Sars or a registered tax practitioner for any tax-related queries.
 
 

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Dec 2021 5.90%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Dec 2021 6.40%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Jan 2022 4.00%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Jan 2022 7.50%
USD/ZAR
GBP/ZAR
EUR/ZAR
AUD/ZAR
Yuan/ZAR
INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us: