How will the budget speech impact the rand, interest rates and growth?

2020 Budget review: ambitious expenditure reductions and some tax relief

George Soros: “The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”

Risk to the currency is rising, and the rand is moving closer towards our target level. Sure, the 2020 Budget is a key event, but we’re less concerned about its short-term impact on the currency than the probable negative effect of escalating global threats.

Reezwana joined Nedbank via the Nedbank Capital Graduate Programme in 2013 before moving into the Strategic Research team. She currently specialises in macroeconomic and monetary policy research, fiscal policy dynamics  and fixed income strategy. She is currently an active member of the SARB’s Economic Roundtable Discussion. Reezwana holds a Bachelor of Business Science degree in Finance from the University of Kwa Zulu Natal.

Post-Budget breakfast 2020

By | 2020-11-26T13:14:07+02:00 February 27th, 2020|Markets and Research|0 Comments

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