Public finances remain on a slippery slope

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says in the face of pressing economic and fiscal challenges, the Medium-Term Budget Policy Statement (MTBPS) offered a realistic but vulnerable fiscal picture for South Africa.

In commenting on the MTBPS that was presented to Parliament on 1 November…

Medium-term Budget must reinforce message on pace of structural reforms

“The foundations of the 2023 Medium-Term Budget Policy Statement (MTBPS) on 1 November need to be realistic and sound, given the additional fiscal and economic challenges it faces.”

Prof Raymond Parsons, economist at the North-West University (NWU) Business School, says the National Treasury has already warned of the tough decisions…

Growth-friendly policies should be implemented urgently

In commenting on the latest South African Reserve Bank (SARB) monetary policy review, Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says it is now more urgent than ever to implement growth-friendly policies and projects.

The SARB’s comprehensive monetary policy review confirmed that both global…

Stability in borrowing costs is positive for consumer confidence

As was widely expected, the Monetary Policy Committee (MPC) again decided by a vote of three to two to continue to keep interest rates on hold, following a similar decision at the previous meeting of the MPC on 20 July.

Prof Raymond Parsons, economist from the North-West University (NWU), says this further “hawkish pause” outcome was…

Better growth figures show resilience, but volatility remains

The better-than-expected gross domestic product (GDP) growth of 0,6% in the second quarter of 2023 is welcome news, as it has extended its gains for a second consecutive time.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says this demonstrates a noteworthy degree of resilience in the economy.…

South Africa’s national interests in the changing BRICS landscape ― seven tests

“The watershed 15th BRICS Summit that took place in Johannesburg had, to its credit, several runs on the scoreboard by the time it concluded last week.”

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says while the outcomes were inevitably a complex amalgam of politics, economics and business, the…

Headline inflation shows welcome decline

Good economic news is that the consumer price index (CPI) (headline inflation) for July has again shown a welcome declining tendency, reaching 4,7% from 5,4% in June.

Prof Raymond Parsons, economist from the North-West University (NWU), says this is not only a two-year low for the CPI but is also much better than market expectations.…

NWU Business School empower young entrepreneurs

Young entrepreneurs from more than 70 small and medium-sized enterprises (SMEs) benefitted from a SME Business Finance Clinic hosted by the North-West University (NWU).

The Small Business Advisory Bureau (SBAB) of the NWU’s Business School, in collaboration with the Small Enterprise Development Agency (SEDA), recently hosted an SME…

MBA Winter Study School: A week of learning and growth

Hosted from 24 to 28 July at The Roots Lifestyle Centre in Potchefstroom, the MBA Winter Study School of the North-West University (NWU) Business School proved to be an enriching and transformative experience for all involved. The week kicked off with an array of insightful guest speakers, leaving the attendees both inspired and enlightened.…

Drop in investment suggests greater risks to growth outlook

The Nedbank Capital Expenditure Project Listing, which shows a dramatic decline in fixed investment activity in the first half of 2023, flashes a strong red light about future investment and growth trends in the South African economy.

This is as persistent power outages, rising interest rates and cost pressures weigh on profitability…