South African flag at Parliament
 

Budget Speech 2018

Economic insights from Investec's thought leaders

Investec unpacks the State of the Nation Address, the Budget Speech and the parliamentary debates which follow these, with thought leadership content, podcasts and panel discussion videos.
 

Reaction to the budget: a panel discussion

 

Journalist and political commentator Justice Malala chaired a panel discussion on Thursday 22 February, with Investec's top commentators following the Budget Speech 2018. View a full recording of the live stream, here.

Journalist and political commentator Justice Malala chaired a panel discussion on Thursday 22 February, with Investec's top commentators following the Budget Speech 2018. View a full recording of the live stream, here.

 

 

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Malusi Gigaba

Downgrade averted?

Investec Chief Economist on why she thinks enough has been done in the budget to avoid a Moody’s credit rating downgrade.
Malusi Gigaba

What does the 2018 Budget Speech mean for SA?

"It took us 10 yrs to get here; it will take hard work and policy clarity, but we’ve started on that trajectory and hopefully there's the political will to see this through." A panel consisting of Investec specialists, Annabel Bishop, David Gracey and Ronelle Hutchinson discuss the implications of the Budget on the political landscape of the past two months.

PLENARY National Assembly: Budget Speech

 

Watch a recording of the 2018 Budget Speech, presented by Finance Minister Malusi Gigaba on Wednesday, 21 February 2018.

– Parliament of the Republic of South Africa

Watch a recording of the 2018 Budget Speech, presented by Finance Minister Malusi Gigaba on Wednesday, 21 February 2018.

– Parliament of the Republic of South Africa

 
Ramaphosa cartoon

#Budget2018 – The real work is to come

SONA was a success, parliament is a picture of decorum and politeness (including the occasional game of candy crush) and South Africans are in general feeling far more positive about their future. Even the opposition parties seem enamoured with our new President, and his selfie count is rising by the minute as he finds time to meet and greet the people on his 05h30 morning walks.
Malusi Gigaba

Funding the fiscal deficit: a Budget Speech 2018 preview

To avoid further credit rating downgrades, the 2018 Budget will need to implement material revenue and expenditure side adjustments if it is to achieve the goal of fiscal consolidation over the medium-term.

Cyril Ramaphosa delivers SONA 2018

Bookmark this: Ramaphosa’s SONA 2018 promises

Investec Chief Economist, Annabel Bishop, sums up President Ramaphosa’s plans to address SA’s institutional weaknesses.
SA bank notes

Scope of SONA and Budget to dictate whether rand heads north or south

Rand gains could extend through R11.55 to the US dollar barring any further credit rating downgrades for SA and a credit-positive Budget. 
Cyril Ramaphosa

Thoughts on SONA 2018

With Jacob Zuma's resignation, newly elected President of South Africa, Cyril Ramaphosa, delivers the 2018 State of the Nation Address.

Further reading which may interest you

Global Investment View

Global Investment View Q1 2018

Investec Wealth & Investment experts Paul Deuchar and Alexandra Nortier give their insights into the key findings of the Global Investment View for Q1 2018. They discuss the global outlook, what's in store for the South African economy and what icebergs to look out for as an investor in 2018.

South Africa

SA down(graded) but not out

It’s only in April 2018 that South Africa could fall from investment to sub-investment grade from all three key agencies, depending on Moody’s move. Investec economists' share their views.

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Disclaimer
 
The opinions and views expressed are for information purposes only and are subject to change without notice. They should not be viewed as independent research, recommendations or investment advice of any nature.