MARKET WRAP: Miners leap while banks and financials slump on budget news
The rand plummeted during Tito Mboweni’s medium-term budget, which laid bare the country’s dire economic position
30 October 2019 - 19:00
The JSE ended a little higher on Wednesday, while the rand plunged after finance minister Tito Mboweni’s medium-term budget policy statement (MTBPS) laid bare the country’s dire economic situation.
Delivering the medium-term budget in parliament, Mboweni said the government’s budget deficit is set to be two percentage points higher, on average, over the next three years than forecast when the budget was tabled just eight months ago...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.