SAIFM Fellow and Board Director, Professor Daniel Makina (UNISA), has shown his foresight and knowledge of the South African economy and likely budgetary options. His insightful analysis (click here to view the full article), published in December 2023 within the SAIFM Financial Markets Journal, pre-emptively addressed the ongoing discussion regarding the use of reserves to tackle fiscal hurdles.
Professor Makina’s perceptive examination shed light on both the advantages and pitfalls associated with accessing the South African Reserve Bank’s (SARB) gold and foreign exchange contingency reserves. His insight, articulated with scholarly precision, anticipated the recent proposal outlined in Finance Minister Enoch Godongwana’s budget speech.
We publish, in this Journal, some post-budget speech insights.
