Third time lucky | South Africa’s 2025 Budget
By Jacobus Lacock, Multi-Asset Portfolio Manager & Macro Strategist, and Sevashen Thaver, Multi-Asset Analyst South Africa’s new Government of National Unity (GNU) finally passed its first Budget after Finance Minister Enoch Godongwana’s third attempt. Overall, the Budget has been welcomed by bond and equity investors. Faced with the twin challenges of aligning lower government revenues […]
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