Simon Brown has compiled relevant data from different banks to compile this graph. He looks at how each bank has been performing lately.
According to the Standard & Poor’s Rating Services, $61bn will be borrowed by 17 sub-Saharan African sovereigns from long-term domestic or global commercial sources in 2014. This is a 49% increase compared to 2013. These estimates focus on debt issued by a central government but exclude local government and social security debt.
Minister of Finance Pravin Gordhan tabled the fifth annual budget of Jacob Zuma’s presidency today. Government is expecting to spend R1.25tr in the coming year, with education, health and social welfare all in line for a cash injection. Gordhan heeded the call of SMEs and addresses some administration issues in this sector while consumers can expect to pay more for fuel, alcohol and cigarettes.