MARKET WRAP: Rand and JSE buoyant after MTBPS
Finance minister Enoch Godongwana’s medium-term budget policy statement hits the right notes even while deferring the Eskom question
26 October 2022 - 19:28
The rand strengthened to the best level in a month on Wednesday as investors welcomed finance minister Enoch Godongwana’s medium-term budget policy statement (MTBPS).
Godongwana struck the right tone with markets after unveiling better-than-expected budget deficit and primary balance outcomes, an improved outlook on the country’s debt ratio and continued strong emphasis on fiscal consolidation...
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.