Budget Day 2012 News
South Africa puts lid on spending; markets sceptical
Presenting South Africa's third budget of President Jacob Zuma's
administration, finance minister Pravin Gordhan said spending
would exceed revenues by 153 billion rand ($19.9 billion), or
4.6 percent of gross domestic product (GDP).
South Africa's Gordhan sees narrower 2012/13 deficit
South Africa
projected a lower-than-expected 2012/13 budget deficit on
Wednesday, reassuring bond investors and ratings agencies that
the continent's biggest economy is keeping a lid on spending
despite huge social pressures and sluggish growth.
South Africa puts firm lid on spending
South Africa projected a
lower-than-expected 2012/13 budget deficit on Wednesday,
reassuring bond investors and ratings agencies that the
continent's biggest economy is keeping a lid on spending despite
huge social pressures and sluggish growth.
South Africa plans five new bonds to smooth maturity structure
South Africa will introduce
two new fixed income and three inflation-linked bonds in 2012/13
to smooth the maturity structure of its debt, the National
Treasury said on Wednesday.
South Africa puts lid on spending; markets sceptical
Presenting South Africa's third budget of President Jacob Zuma's
administration, finance minister Pravin Gordhan said spending
would exceed revenues by 153 billion rand ($19.9 billion), or
4.6 percent of gross domestic product (GDP).
South Africa's Gordhan sees narrower 2012/13 deficit
South Africa
projected a lower-than-expected 2012/13 budget deficit on
Wednesday, reassuring bond investors and ratings agencies that
the continent's biggest economy is keeping a lid on spending
despite huge social pressures and sluggish growth.
South Africa puts firm lid on spending
South Africa projected a
lower-than-expected 2012/13 budget deficit on Wednesday,
reassuring bond investors and ratings agencies that the
continent's biggest economy is keeping a lid on spending despite
huge social pressures and sluggish growth.
South Africa plans five new bonds to smooth maturity structure
South Africa will introduce
two new fixed income and three inflation-linked bonds in 2012/13
to smooth the maturity structure of its debt, the National
Treasury said on Wednesday.
Latest Budget Day 2011 video
Finance Minister Pravin Gordhan talks about Budget 2012
The waiting is over and Finance Minister Pravin Gordhan has delivered the 2012 budget. To some the budget brings relief, while for others added pressure.
ABN’s Godfrey Mutizwa spoke with South African Finance Minister Pravin Gordhan to get his thoughts on his budget and also some of the reaction he has received.
ABN’s Godfrey Mutizwa spoke with South African Finance Minister Pravin Gordhan to get his thoughts on his budget and also some of the reaction he has received.