The world economy is entering a global monetary transition that will see incremental monetary policy tightening resulting in reduced global liquidity.
More Quotes from Goolam Ballim:
If you assume that this was his final budget, it was an almost near-perfect swan song.Goolam Ballim
Inflation would not be affected by providing tax cuts to the poor and middle-income groups. Especially pensioners, who get what is considered a household grant, could score.
Goolam Ballim
The bottom line is that you still have buoyant company profits and the overall growth story remains positive. I'm a rand bull and not surprised we are seeing these levels.
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The central risk to social cohesion is persistent and high unemployment. The speech was littered with a variety of fresh initiatives that heighten the probability of increasingly robust job creation.
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As a general rule, as income rises, so debt increases, but in the very low income groups we find an extraordinarily high ratio of debt.
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