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After contracting by 0.7% in the second quarter of 2022, the South African economy rallied in the third quarter. This could be a false positive, economists warn. But, as Eric Idle sang in Life of Brian: ‘Always look on the bright side of life.’
The minister of finance needs to perform a delicate balancing act between bailing out South Africa’s problem child, Eskom, and stimulating an economy in dire need of help.
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It’s about spending what we've got wisely, and then ensuring that we can implement policy: Maarten Ackerman at Citadel.
This week MoneywebNOW looked at expectations for local interest rates and the MTBPS, consumers' financial vulnerability, investing in Microsoft, and progress in African financial markets.
Analysis of Sasol’s declaration of a force majeure and investors’ wish lists ahead of the MTBPS.