In this Afrikaans Webinar, Johan Gouws from Sasfin Wealth, Theo Vorster from Galileo Capital and Ettienne le Roux from RMB discuss the Supplementary Budget announced on 24 June.
The post Supplementary Budget Webinar focused on various aspects relating to the South African economy, business and investments. The implications of the economy that was shut down overnight on 26 March as a result of the national lockdown are discussed and how renewed traction might be gained in terms of political will and government priorities. Perspectives are provided on a rapidly worsening fiscal condition and the risks for South Africa from a socio political and sovereign independence perspective explored. The panel also considers the impact of the COVID pandemic on the local business landscape and what will be required to survive during and post the pandemic. Views are provided on the potential investment returns for South African investors from an interest rate, exchange rate and local and offshore equity market over the short to medium term.