Photo: File DURBAN – Finance Minister Tito Mboweni is set to deliver the Medium Term Budget Policy Speech later this month.
Sanisha Packirisamy, Economist at Momentum Investments and Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments offer Medium Term Budget commentary from the Momentum Investments Macro research desk.
1. Post-pandemic nominal growth expectations: We expect real growth to average negative 0.8 percent between 2020 and 2023 in comparison to Treasury’s June 2020 forecast of negative 0.4 percent, given the high risk of load shedding into 2022 and a slow recovery in fixed investment back to […]
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