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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
Against the backdrop of a still challenging (albeit improving) macroeconomic environment, Finance Minister Pravin Gordhan presented a Budget that aims to put SA on a more inclusive economic growth path, but at the same time dispelled any doubts about government’s commitment to prudent fiscal and monetary policies.
