Posts Tagged ‘Tito Mboweni’

Week in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances

On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…

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Week in Review: Global Equities Grind Higher

U.S. stocks posted solid gains, closing near record highs. Earnings continue to drive market action, with third-quarter results so far coming in better than feared. Technology, communications services and financial stocks powered the rally. Of the roughly 40% of the companies in the S&P 500 that have reported so far, 80% of them had results…

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